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Q2 FY27 Results 26th October 2026 )l 1TC HOTELS LIMITED \'V )~ C L U B I T C Pi;J ITC HOTELS RESPONSIBLE LUXURY M MEMENTOS Ii E?IQ COLLECTIOf'\ WELCOMHOTEL STORl "I FG RTUNE ~~ WelcomH eritage
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Review : 2024-2025 Q4FY25 & FY25 Results Disclaimer This presentation contains certain forward-looking statements including those describing the Company’s strategies, strategic direction, objectives, future prospects, estimates etc. Investors are cautioned that “forward looking statements” are based on certain assumptions of future events over which the Company exercises no control. Therefore there can be no guarantee as to their accuracy and readers are advised not to place any undue reliance on these forward looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These statements involve a number of risks, uncertainties and other factors that could cause actual results or positions to differ materially from those that may be projected or implied by these forward looking statements. Such risks and uncertainties include, but are not limited to: growth, competition, acquisitions, domestic and international economic conditions affecting demand, supply and price conditions, changes in Government regulations, tax regimes and other statutes, and the ability to attract and retain high quality human resource. 2
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Review : 2024-2025 3 Macro-Economic Environment ITC Grand Chola, Chennai
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Review : 2024-2025 4 7.5 7.3 7.16.9 8.1 7.77.8 7.2 7.1 Q1 Q2 FY FY25 FY26 FY27 (E) 85 114 Crude Oil Price ($ per Barrel) CPI Inflation YoY Jun'26 Sep'26 India’s Economic Growth remains intact India remains fastest growing major economy at 7.1% (10%) - 10% 20% 30% 40% Apr-25 Jun-25 Aug-25 Oct-25 Dec-25 Feb-26 Apr-26 Jun-26 Aug-26 Credit card transactions Passenger Vehicle sales Growth% Discretionary spending stays resilient Real GDP Growth over LY % Source: MoSPI, RBI Source: HDFC Bharat Barometer Domestic Resilience amidst Pressures 4.4% 5.5% Heightened macro pressures +34% +110 bps Source: US Energy Information Administration, MOSPI 55.4 56.9 53.9 54.7 55.0 54.2 53.5 52.8 55.1 58.5 58.1 57.5 58.8 59.8 57.4 53.3 54.1 55.2 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 PMI Manufacturing PMI Services India PMI: Manufacturing and Services Source: S&P Global 4 Moderation in business activity (10%) ■ I ••••••••••••••••••••••• •• • I •• ! I i • I : I : • I : ; . ~ •• •• •••••••••••••••••••••• j - -
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Review : 2024-2025 5 Indian hospitality industry holds strong 5 Hotel demand resilient in FY27 Room rates continue to firm up All metrics pertain to India – Luxury, Upper Upscale & Upscale Source: Costar 55% 59% 63% 67% 71% Apr May Jun Jul Aug Sep 2025 2026Occupancy % Leading to strong RevPAR growth in Q2 Volumes hold Yields improve 8 9 10 11 12 Apr May Jun Jul Aug Sep 2025 2026 ARR (₹’000s) 5 6 7 8 Apr May Jun Jul Aug Sep 2025 2026 RevPAR (₹’000s) Q1 Occ. 67% TY (vs 64% LY) Q2 Occ. 66% TY (vs 64% LY) Q1 up 5% TY Q2 up 10% TY Q1 up 11% TY Q2 up 13% TY I I ~ -r===~--------------------~ I I
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Plan : 2023 - 2024 6 Rising income & affluence India being world’s fastest growing major economy; Rising Discretionary Spending Domestic travel momentum India estimated to rank #4 globally in domestic visitor spending by 2035 Improved connectivity New expressways, airports and rail links reducing travel time Increased MICE activity Convention centers driving large format delegations and corporate events Industry Outlook Remains Positive Structural demand drivers continue to support sustained growth in India's hospitality sector Key Monitorables Inflationary Pressures Geopolitical Tensions Disruptive Climate Events Source: WTTC 6 e • - 0 e • • •
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77 Key Performance Highlights Mementos Udaipur
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Plan : 2023 - 2024 8 Key Performance Highlights – Q2 FY27 • Consolidated Total Income at ₹ 1,106 Cr. up 25%, PAT at ₹ 203 Cr., up 52% • Standalone Total Income at ₹ 937 Cr. up 16%, PAT at ₹ 207 Cr. up 37% Milestone 2nd Quarter: ₹ 1,000+ Crore Income 8 • Sustains RevPAR leadership in Colombo and positive EBITDA in Q2 • Progressive handover of Sapphire Residences continues Welcomhotels Lanka (Private) Limited • 25th LEED Platinum® certification at Welcomhotel Bay Island • ITC Grand Chola features in Top 10 Sustainable Hotels in the World by Sustainability Magazine Responsible Luxury • Addition to Land Bank: 2.8 acres land parcel in Lucknow • 20 new signings in H1; Managed Pipeline reaches 84 hotels with ~8200 keys Accelerated ‘Asset-Right’ Growth 13th LEED Zero Carbon Certification ITC Narmada
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Plan : 2023 - 2024 9 CONSOLIDATED EX- BRANDED RESIDENCES CONSOLIDATED Revenue from Operations EBITDA EBITDA Margin Profit After Tax Milestone 2nd Quarter: ₹ 1,000+ Crore Income STANDALONE OVERALL 885 ▲ 16% 301 ▲ 28% 34% ▲ 319 bps 207 ▲ 37% 983 ▲ 17% 314 ▲ 28% 32% ▲ 263 bps 180 ▲ 34% 1,054 ▲ 26% 337 ▲ 37% 32% ▲ 274 bps 203 ▲ 52% ₹ crore 9 Total Income 937 ▲ 16% 1,035 ▲ 17% 1,106 ▲ 25% Q2 FY27 0 0
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Plan : 2023 - 2024 10 51.0%38.7% 4.4% 5.9% Q2 Revenue from Operations Rooms F&B Management Fees Others Strong Performance across Revenue Segments 10Operating Indices pertain to Owned Hotels (Consolidated) - Same Store ARR and RevPAR have been rounded off to the nearest hundred ₹ 501 Cr Rooms Revenue +22% ₹ 380 Cr F&B Revenue ₹ 43 Cr Management Fees ₹ 58 Cr Others +12% +25% Consolidated (Ex-Branded Residences) +9% +4% +14% +8% +10% YoY 10700 11300 12800 67% 71% 76% FY25 FY26 FY27 Q2 Occupancy & ARR (₹) ARR Occ% 7200 8000 9700 FY25 FY26 FY27 Q2 RevPAR (₹) ₹ 983 Cr +17% +6% +14% +11% +21% Q2 RevPAR growth @ 21% supported by impetus of both Occupancy and ARR -....... ■ ■ ■ ■
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Plan : 2023 - 2024 11 44% 70% 57% 54% 53% 50% 50% 30% 23% 3% 3% India Hyderabad Goa Delhi Agra Chennai Ahmedabad Jaipur Bengaluru Mumbai Kolkata Industry* RevPAR ITC Hotels Ltd. RevPAR Sustained RevPAR Outperformance *Luxury, Upper Upscale & UpscaleData for Q2 FY27 (Domestic Owned Hotels) Source: CoStar 11 India Portfolio at 1.4x of Industry RevPAR Market Premium supporting Revenue & Profit growth "-------.. I \ \ I I - -
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Plan : 2023 - 2024 12 CONSOLIDATED EX- BRANDED RESIDENCES CONSOLIDATED Revenue from Operations EBITDA EBITDA Margin Profit After Tax Milestone H1 : ₹ 2,000+ Crore Income STANDALONE OVERALL 1,693 ▲ 13% 563 ▲ 19% 33% ▲ 192 bps 384 ▲ 28% 1,881 ▲ 14% 595 ▲ 21% 32% ▲ 196 bps 349 ▲ 30% 1,990 ▲ 20% 630 ▲ 28% 32% ▲ 201 bps 385 ▲ 44% ₹ crore 12 Total Income 1,796 ▲ 13% 1,990 ▲ 14% 2,101 ▲ 20% H1 FY27 0 0 G
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Plan : 2023 - 2024 13 ITC Ratnadipa : A Jewel in Colombo’s Skyline 13 Source: Central Bank of Sri Lanka Source: Central Bank of Sri Lanka Sri Lanka’s Economic Recovery RevPAR Continues to Ramp Up Strong Operational Performance continues in Q2 ITC Ratnadipa RevPAR (LKR) For Qtr 2 ❑ Sustains RevPAR leadership in Colombo ❑ EBITDA positive in Q2 & H1 FY27 ❑ Retail & Office space rentals to commence from Q4 FY27 -10.6 -2.2 2.0 4.3 5.0 4.0 5.3 5.5 4.7 5 5.3 4.8 5.1 4.2 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY23 FY24 FY25 FY26 FY27 Sri Lanka Real GDP growth YoY % 12 Consecutive Quarters of GDP Growth FY25 FY26 FY27 x 1.6x 1.8x Worker Remittances supporting consumption +16% 3302 3837 FY26 FY27 Worker Remittances Apr-Aug (USD million) WLPL .11111111111 L
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Review : 2024-2025 Sapphire Residences, Colombo – Progressive handover 14 Q2 FY27 4 Appts (20 k sqft.) handed over in Q2 FY27 Revenue ₹ 71 Cr. EBITDA ₹ 23 Cr. Cumulative Status 20 Appts (101 k sqft.) handed over till Sep’26 Average Realizations > ₹ 31,600 per sqft. Unique luxury apartments with interiors designed by Philippe Starck (YOO) Most Exclusive and Spacious Elevated living experience in Sri Lanka Located on the Galle Face Oceanfront WLPL SAP?HIRE . 'ES IDE .C S - - ~OLOM B O l - -
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Review : 2024-2025 15 29% 29% Q2 FY26 Q2 FY27 25% 24% Q2 FY26 Q2 FY27 25% 24% Q2 FY26 Q2 FY27 People Cost ^ (% of Revenue from Ops) Other Operating Cost (% of Revenue from Ops) Food & Bev. Cost (% of F&B Revenue) Energy Cost (% of Revenue from Ops) Operational Excellence Consolidated (Ex-Branded Residences) 15 ^ People Cost includes payment to contractors 6% 5% Q2 FY26 Q2 FY27 --------------• ---------------►
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Review : 2024-2025 17.3% 19.5% Sep'25 Sep'26 Improving Returns profile Domestic Operating ROCE ~20% Key Growth Drivers Increasing Share of Management Fee Consolidated Domestic Operating ROCE : Operating Hotels & Indian Subsidiaries (trailing four quarters) Value Accretive Capital Deployment ‘Asset-Right’ Strategy continues to enhance returns for the Business 16 Stabilization of Owned Gestating Hotels Higher Yields & Cost Management +217 bps 0 '----- e 0 •
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Review : 2024-2025 Trailblazer in Responsible Luxury 17 17 ITC Narmada 13th LEED® ZERO CARBON CERTIFICATION 25th LEED® PLATINUM CERTIFICATION Welcomhotel Bay Island 17
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Review : 2024-2025 Quality Response Rate 98.98% Online Rating High Customer Satisfaction Rating 98% Active feedback monitoring 4.8 Net Promoter Score One of the Best NPS scores in the Industry 85 (Global Average 58) (Luxury Global Average 62) (Global Average 4.2) (Luxury Global Average 4.6) Data for YTD Sep 2026; Global averages are for calendar year 2025 Data source: Revinate | for ITC Hotels, Welcomhotel, Mementos & Storii, and global averages Response rate is excluding Google reviews (Global Average 60%) (Luxury Global Average 61%) 18 _ o _ , __ 2 _ 3_ 4 __ s _ 6--+-I _7 _ s--ll g 1 o El ~ B .• trip advisor ook1ng.com r\expedia \.'group
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Review : 2025-2025 Best Service ITC Hotels TRAVEL + LEISURE INDIA’S DELICIOUS DINING AWARDS 2026 Best Family Restaurant Bukhara, ITC Maurya AVARTANA, ITC GRAND CHOLA, CHENNAI FEATURES IN TATLER BEST 20 RESTAURANTS IN INDIA 2026 Best South Indian Avartana, ITC Grand Chola Marquee Awards – Q2 FY27 19
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Review : 2024-2025 20 Key Growth Enablers ITC Grand Goa
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Review : 2024-2025 CONTINUED INVESTMENT TO ENHANCE BRAND EQUITY • Brands & Marketing o Rooms o Food & Beverage • Quality • Operating efficiencies • Superior Competitive performance • New Revenue Streams Strategic Pillars •Asset right approach to accelerate growth across all brands •Strategic & Selective investments ASSET RIGHT DIGITAL FIRST • Best in Class Guest experience • Applications | Infra | Security • Data | Automation EMPLOYER OF CHOICE • Robust Talent Pool • Strong Development & Retention Programs • Culture of Innovation & Empowerment • DEI practices best in industry SUSTAINABILITY • Responsible Luxury Ethos • Communication • Monetize green credentials 21 BY ITC HOTEi ~ STO R l"I F~ RTUNE - BYITC HOTELS - Member ITC Hotels' Group
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Review : 2024-2025 22 Growing Footprint By 2031 250 Operational Hotels 22,000+ Operational Keys (Owned / Managed Mix By % Keys : 33% / 67%) Current Footprint 156 Operational Hotels 14,300+ Operational Keys (Owned / Managed Mix By % Keys : 41% / 59% ) 7 6 5 5 3 6 7 3 7 1 5 12 7 8 12 2 5 6 3 3 2 5 9 2 1 1 21 19 12 12 10 Existing Hotels Hotels in pipeline 1 1 1 2 Status as on 30th Sep’26 | Managed portfolio includes hotels under franchise model 6 7 2 2 22 2 1 2 1 2 1 1 1 Map for display only. Not to scale 2 1 • • •
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Review : 2024-2025 23 Asset-Right Growth Algorithm Strong Balance Sheet & Robust Internal Accruals driving Accelerated Growth Dual Engines of Growth → Targeting Operating Footprint of 22,000+ keys by 2031 Managed portfolio includes hotels under franchised arrangements Owned Portfolio 5,800+ Keys → ~7,500 keys ❖ Sweating of Existing Assets ❖ Stabilization of Recent Openings ❖ Brownfield & Greenfield Projects ❖ Inorganic expansion Managed Portfolio ~8,500 Keys → ~15,000 Keys ❖ Accelerated Signings & Openings ❖ Geographical Footprint expansion ❖ Portfolio Premiumization ❖ Capital Efficient Growth 23
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Review : 2024-2025 24 5 Ongoing Projects 700+ Keys CAPACITY ADDITIONS Bhubaneswar Odisha 100+ Keys +20k sqft banquet block Upper-Upscale Growing commercial city ITC Grand Bharat Gurugram, Delhi NCR 44 Keys +40k sqft banquet block Luxury MICE & weddings demand Expanding owned presence in high-growth markets Owned Portfolio : New Builds and Capacity Expansion 2027 2028 2029 2030 NEW BUILDS Puri Odisha 118 Keys Upper-Upscale Spiritual & leisure demand Visakhapatnam Andhra Pradesh 200+ Keys Luxury Commercial hub New Delhi Delhi NCR 250+ Keys Luxury Largest MICE destination 24
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Review:2024-2025 Q4FY25&FY25Results 25 ADDITION TO LAND BANK May’26 ITC Kumarakom 72 Keys Sep’26 Welcomhotel Ahmedabad 130 Keys Oct’26 Lucknow 2.8 Acres, Freehold ITC Kumarakom to be launched by December 2026 Welcomhotel Ahmedabad to be refurbished in next 6 months Lucknow - Under-served Growth Market With potential of 200+ keys luxury hotel Well-Positioned to Execute Value-Accretive Acquisitions Owned Portfolio : Recent Acquisitions Luxury 2 Operating Hotels 200+ Keys Upper-Upscale 25 Yashobhoomi Complex, Delhi Jan’26 ~1 Acre, 91 Year Lease
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Review : 2024-2025 Managed Portfolio : Accelerated Growth Status as of 30th September 2026 Managed Portfolio includes hotels under franchise arrangements 84 Managed Hotels in Pipeline with ~8,200 Keys 26 HIGHER MANAGEMENT FEES 30% H1 FY27 YoY Consol. management fee growth ACCELERATED YoY SIGNINGS 15 H1 FY26 signings 20 H1 FY27 signings 68 Managed Hotels Signed in last 24 months (60%+ in Premium Segment) Business A Spiritual A Hills 24 12 11 HOTELS Powering progress Enriching journeys Serenity in across growth hubs of faith and discovery ~ Beaches •••• Wildlife ~ Heritage 8 • 8 5 HOTELS Where every stay Into the heart feels like a getaway of nature
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Review : 2024-2025 27 2022 2026 A C H I E V E D 2030 G O A L S LEED® Zero Carbon Hotels 3 hotels 13 hotels All Owned Hotels LEED® Zero Water Hotels - 13 hotels All Owned Hotels Renewable Electricity Share* < 50% 65% > 95% R E F E R E N C E Y E A R LEED Platinum® Hotels 22 hotels 25 hotels All Owned Hotels *Scope 1 and Scope 2 Renewable Energy Share* < 40% 57% > 90% KEY RECOGNITIONS World's Leading Sustainable Organization (WSTHA 2025) Leadership Award for Organizational Excellence (1st Indian Hotel Chain) (USGBC) Surpassed 2030 GHG emission Targets# for 6 consecutive years in a row* (#Targets set as per ITP- Hotel Decarbonization report in line with COP 21; *For owned portfolio) 52.4 MW Renewable Energy Capacity Sustainability 2.0 27 0 0 0 0 0 0 e 0
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28 Annexures 28
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29 29 Standalone Financials 29 Statement of Profit & Loss Particulars Q2 FY26 Q2 FY27 YoY H1 FY26 H1 FY27 YoY Revenue From Operations 761 885 16% 1505 1693 13% Other Income 45 52 16% 84 103 23% Total Income 806 937 16% 1589 1796 13% Total Operating Expenses 527 584 11% 1033 1130 9% EBITDA 234 301 28% 472 563 19% EBITDA Margin % 31% 34% +319 bps 31% 33% +192 bps Depreciation 73 72 -1% 146 146 0% Finance cost 3 3 1% 6 6 1% Profit Before tax 203 278 37% 404 515 28% Tax Expense 52 71 36% 103 131 27% Profit After tax 152 207 37% 301 384 28% PAT Margin % 19% 22% +332 bps 19% 21% +243 bps Operating Metrics Occupancy % 72% 76% +432 bps 73% 76% +328 bps ARR 11300 12900 +14% 11000 12100 +9% RevPAR 8100 9800 +21% 8000 9200 +14% ARR and RevPAR have been rounded off to the nearest hundred ₹ crore
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30 30 30 Consolidated Financials Particulars Q2 FY26 Q2 FY27 YoY H1 FY26 H1 FY27 YoY Revenue From Operations 839 1054 26% 1655 1990 20% Other Income 45 52 14% 90 110 23% Total Income 885 1106 25% 1745 2101 20% Total Operating Expenses 594 717 21% 1165 1360 17% EBITDA 246 337 37% 490 630 28% EBITDA Margin % 29% 32% +274 bps 30% 32% +201 bps Depreciation 104 112 8% 207 217 5% Finance cost 2 2 15% 4 4 17% Profit Before Tax 185 275 48% 370 519 40% Share of Profit of Associate/JV 4 3 -7% 8 7 -8% Tax Expense 55 75 36% 110 142 28% Profit After tax 133 203 52% 267 385 44% PAT Margin % 15% 18% +326 bps 15% 18% +300 bps Less: Share of NCI 1 2 1 3 Profit for the Period 133 201 51% 266 381 43% Statement of Profit & Loss ₹ crore
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31 Room Segment Snapshot For Owned Hotels (Consolidated) – Same Store 31 64% 19% 14% 3% 59% 18% 21% 2% Retail Contracted MICE + Weddings Crew Q2 FY26 Q2 FY27■ ■
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Review:2024-2025 Q4FY25&FY25Results Strong Multi-channel Distribution Network GDS 17% Unit Reservations 31% Guest Contact Centre 12% Online Travel Agents 15% Website and App 25% Data for Q2 FY27 Owned Hotels (Consolidated) – Same Store 32 [i]
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Review:2024-2025 Q4FY25&FY25Results 33 Brands Operational Hotels | Keys Pipeline Hotels | Keys Total Hotels | Keys 17 | 4,857 2 | 449 19 | 5,306 2 | 181 3 | 641 5 | 822 - 3 | 469 3 | 469 11 | 389 17 | 960 28 | 1,349 31 | 3,440 30 | 3,969 61 | 7,409 58 | 4,340 28 | 2,344 86 | 6,684 37 | 1,119 4 | 108 41 | 1,227 Total 156 | 14,326 87 | 8,940 243 | 23,266 Brand landscape Status as on 30th September 2026 | Pipeline (Keys) include owned and managed hotels, along with proposed expansion at existing hotels Managed Hotels includes hotels under franchise arrangements 33 Owned 27 | 5,841 3 | 748 30 | 6,589 Managed 129 | 8,485 84| 8,192 213 | 16,677 Total 156 | 14,326 87 | 8,940 243 | 23,266 Structure ITC HOTELS ~ L:il'O N$ 1Ull.. LUX.JHV MEMENTOS Ii E?IQ COLLECTIOf"l 8 TOR 1~1 BY ITC HOTELS I\ WELCOM H OTEL F6 RTUNE Member ITC Hotels Gfoup E~ Welco~eri tage
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THANK YOU )~ C L U B I T C ~ ITC HOTELS RESPONSIBL E LUXURY M MEMENTOS Ii E?IQ COLLECT!On WE LC OMHOTEL STOPl "I FG RTUNE ~~ WelcomHeritage