PROJECT COMPLETION CERTIFICATE

This is to certify that Miss. Juhi Singh, a student of PGDM regular from Institute for Financial

Management & Research (IFMR), Chennai has executed the following projects as intern with our

company, PhoCusWright, under my guidance, from April’09 to June’09.

1. INDIAN OUTBOUND AIR TRAVEL MARKET; TREND ANALYSIS FOR Q109

2. ANALYSIS OF AVIATION INDUSTRY OF ASIA PACIFIC REGION (POST

DOWNTURN)

3. TRAVELER SURVEY AND TRAVELER BEHAVIOR ANALYSIS

4. MARKET TRENDS ANALYSIS EUROPEAN AIRLINES AND HOTELS

5. PRICING DATA COLLECTION AND ANALYSIS OF PRICING TRENDS OF ONLINE

TRAVEL AGENCIES

6. DATABASE SURVEY FOR FUTURE ENDEAVORS OF PHOCUSWRIGHT

Juhi, proved to be an excellent resource for PhoCusWright for most of our live projects. She has

good analytical skills, is curious to know more and is extremely dedicated towards her work. She

has successfully completed her projects.

I wish her all success for her future endeavors.

Ram BadrinathanGeneral Manager, APAC

PhoCusWright Inc.USA l Germany l India

1 Route 37 East, Suite 200Sherman, CT 06784-1430 USAt: +1 860 350-4084 x440m: + 91 9892692809f: +1 860 354-3112www.phocuswright.com