Investor Insights: Q1 MCR Corp

AND BECAUSE THE FUNDAMENTALS ARE SOLID (CONT'D) 4.5% revenue CAGR vs. only 1.2% supply growth CAGR historically 8.0% 6.0% 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% 1995 1999 2003 US Hotel Room Openings as % of Existing Inventory 2007 1.2% CAGR I I from 1995-2022 i 2011 MCR 2015 2019 2023P Lower supply growth from 2023 – 2027 given (i) construction costs today, (ii) supply chain issues / construction timelines and (ii) lack of construction financing (and cost of it if available) 2027P 1.0% Projected CAGR ! 2023-2027 10

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