*** 
REVPAR DOWN BY 60% VERSUS H1 2019 
EBITDA SENSITIVITY AND 
CASH BURN INDICATORS CONFIRMED FOR FULL-YEAR 2021 
*** 
REVENUE DOWN 10% TO €824 MILLION ((6)% LFL) 
H1 EBITDA NEGATIVE AT €(120) MILLION 
NEGATIVE RECURRING FREE CASH FLOW OF €(260) MILLION 
NET PROFIT, GROUP SHARE OF €67 MILLION