Investor Presentation

INSPIRATO 2. Inspirato Pass Inspirato Pass is a safe haven for luxury hospitality suppliers to distribute excess capacity THERE IS 32% SPOILAGE IN THE HOTEL INDUSTRY DUE TO: Note: 1. WORLDWIDE SPOILAGE¹ EACH DAY EACH YEAR . Rate parity rules that restrict non- conforming pricing across 6mm HOTEL NIGHTS distribution channels • Brand degradation risk from 2bn LUXURY 372k 136mm HOTEL NIGHTS discounting, especially in the luxury sector ECONOMIC SPOILAGE $711mm $260bn • Low-spend guests from traditional opaque and "flash- LUXURY ECONOMIC SPOILAGE $106mm $39bn sale" channels Assumed spoilage based on analysis of 2019 STR Total World Trend Report and Total World Luxury Class Trend Report CONFIDENTIAL 21.

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