Investor Presentaiton

QUARTERLY BUSINESS UPDATE FINANCIAL HIGHLIGHTS Third Quarter 2022 Performance Recap and 2022 Outlook Update Domestic Results APPENDIX RevPAR Growth +15.2% vs. Q3 '19 ADR +15.1% vs. Q3 '19 Outperformed industry for 11 consecutive quarters by +410 basis points Exceeded 2019 levels for 16 consecutive months since June 2021 FY '22 outlook (raised guidance): +13% to +15% vs. FY '19 +11% to 12% vs. FY '21 Franchise Agreements +38% +27% Q3 contracts awarded YoY YTD contracts awarded YoY² Pipeline³ 1,017 hotels +16% YOY +12% QOQ Effective Royalty Rate 5.04% FY '22 outlook: Mid-single digit growth +5 bps vs. Q3 '21 vs. FY '21 Unit Growth" $ +5.4% vs. Q3 '21 FY '22 outlook: approx. +7% vs. FY '21 1 For comparative purposes, RevPAR, effective royalty rate and executed contracts exclude the impact of the Radisson Hotels Americas acquisition, while pipeline and unit growth include the impact of the Radisson Hotels Americas acquisition. 2 Excluding the multi-unit transaction for 22 properties as part of the company's strategic alliance with Penn National Gaming in 2021. Including this multi-unit transaction, total number of domestic contracts awarded increased 17% YoY. 3 Pipeline numbers include hotels awaiting conversion, under construction or approved for development and master development agreements committing owners to future franchise development. 4 Unit growth includes both the Radisson Hotels Americas incremental units and the impact of the previously announced one-time exits. The outlook includes Radisson Hotels Americas and the impact of the previously announced one-time exit of the WoodSpring Suites hotels. 6

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