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Confidential

 Market analysis

  us market

          80%                                       93%            88%
Revenues per year                               Businesses    Employees

10                                         Hotels            Hotels
                         Hotels            small businesses  small businesses
                         small businesses

Turnover Rate                              50%               Industry Overview
                                           72%               In the US
Hotels                                     70%
Restaurants                                                  The hospitality industry considered as
Total                                                        one of the largest industries in the US:

                                                             •	 Over a 1.3M businesses.
                                                             •	 Over 1T revenues per year.
                                                             •	 Over 18M emloyees, around 10% of the

                                                                  total US workforce.
                                                             •	 Over 70% of turn over rate.
                                                             •	 The hospitality industry is growing at 4.3

                                                                  percent per year
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