Orient-Express Hotels Ltd. (OEH) is a hotel and leisure group focused on the luxury end of the leisure market. The Company owns and/or invests in 51 properties consisting of 41 individual deluxe hotels, two restaurants, six tourist trains and two river cruise businesses. These are located in 25 countries worldwide. Hotels and restaurants represent the largest segment of OEH’s business, contributing 90% of revenue during the year ended December 31, 2008. Tourist trains and cruises accounted for 12% of revenue during 2008. Property development activities accounted for the remaining revenue. The Company’s worldwide portfolio of hotels consists of 3,897 individual guest rooms and multiple-room suites, each known as a key. Approximately 70% of OEH’s customers are leisure travelers, with approximately 28% of customers in 2008 originating from North America, 53% from Europe and the remaining 13% from elsewhere in the world.