Inspirato Financial Projections and Business Highlights
INSPIRATO
Consumer Platform Supply /
Subscription Leaders
Median: 5.3x
Valuation benchmarking
Online Travel
Traditional Hospitality
Median: 4.4x
Median: 4.3x
16.3x
13.7x 13.1x
9.3x
5.3x 5.0x
3.6x
2.7x
3.0x
INSPIRATO
NETFLIX
bumble
matchgroup
chewy
Spotify
hims hers
PELOTON
Median: 4.2x
6.8x
4.4x
3.6x 2.9x
8.4x
6.0x
5.4x
3.3x
INTERCONTINENTAL
WOTTES & SORTS
Expedia
Tripadvisor
airbnb
Trip.com
BOOKING
HOLDINGS
13.3x
Median: 3.4x
Recent Travel &
Prop Tech
SPACS/IPOS
Median: 3.2x
Traditional
Vacation Rental
Median: 2.5x
3.0x 2.5x
pebblebrook
Hilton
TRUST
HYAIT
ACCORHOTELS
Marriott
Median: 3.7x
7.4x
5.2x
4.5x
11.7x
TEV / 2023E Revenue
10.7x
8.1x
4.2x 4.0x
3.1x
2.3x
INSPIRATO
matchgroup
>bumble
NETFLIX
Source: FactSet as of 10/26/2021 and company financial model as of 05/07/2021
Note:
1.
2.2x
Spotify
hims hers
Total Enterprise Value based on valuation and implied transaction multiple for Vacasa and Sonder as these transactions are still pending
PELOTON
chewy
airbnb
Expedia
Tripadvisor
Trip.com
BOOKING
HOLDINGS
5.7x
3.4x 3.1x
2.5x
HOTELS & A
INTERCONTINENTAL
Hilton
3.9x
3.7x
3.2x
3.1x
MCG
2.7x
2.3x
1.4x
Hilton
Grand Vacations
Markership
Colective
bluegreenvacations*
MARRIOTT
VACATIONS
WORLDWIDE
TRAVEL+
LEISURE
Sonder\
vacasa
Median: 2.4x
2.9x
pebblebrook
TRUST
2.5x 2.1x
HYAIT
ACCORHOTELS
Marriott
2.9x
Median: 2.3x
2.4x
1.3x
3.7x
2.4x 2.2x
1.4x
1
MCG
Hilton
Grand Vacations
Sonder\
Merkership
Colutio
bluegreenvacations
MARRIOTT
VACATIONS
WORLDWIDE
TRAVEL+
LEISURE
CONFIDENTIAL 46
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