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BUSINESS UPDATE FINANCIAL SUMMARY & HIGHLIGHTS OUTLOOK APPENDIX With the exception of COVID-impacted 2020, Choice Hotels has delivered double-digit profitability growth every year since 2017; profitability in 2023 is expected to be 43% higher than 2019 levels and over 80% higher than 2017 levels Profitability (as Reported Adjusted EBITDA) and Growth Rates Growth YoY Growth vs. 2019 $295 2017 16% 10% $374 $341 2018 *Note: 2023 Adjusted EBITDA equals midpoint of updated guidance; all figures are as reported on each Q4/FY earnings release. -35% 67% 19% 12% -35% 8% 28% 43% $535 $479 $241 $404 2019 2020 2021 2022 2023 10

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