Mondee Investor Update

Travel Industry Update Mondee is well positioned in the current macro environment with 80% North America outbound international travel, mostly leisure. 4 TTV 2Q23 North America domestic air ~101% ¹ recovered to 2019 levels, international only ~88%.1 $ Industry wide labor shortages, which impacted air and hotel supply as well as prices early in the year, are abating and expected to return to normal levels by year end. SI China reopened for in-bound travel in January 2023, which provides ongoing tailwind. Supply is expected to expand with airline fleet and hotel property additions. For example, Air India and United's recent purchase of hundreds of new aircraft and Hilton's brand additions. Gen Zs and Millennials now represent largest travel purchasing and influence. New social media driven curation capabilities are required in travel marketplaces to meet this demand. Earlier headwinds of higher prices and recession fears are also abating. By the end of the summer, we expect a more normal travel environment in which Mondee continues to thrive. 10AG.com 2023 vs 2019 cumulative domestic and international scheduled air seats as of 6/30/2023 27

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