Proforma 2023 Guidance and Long-Term Model slide image

Proforma 2023 Guidance and Long-Term Model

Travel Industry Update 1,2,3 Mondee is well positioned in the current environment with 80% North America outbound international (mostly leisure) travel, our agile distribution model and leading Al platform. North America air sales at 2019 levels, average fares moderating from prior post-COVID highs. Industry infrastructure constraints remain, primarily personnel, but are now easing. China-led Asia market continues to rebound, though airline capacity lags. Latin American market is running ahead of 2019, especially in hotel and vacation rentals, with airline capacity fully recovered. Hotel demand remains strong, supporting higher room rates. Alternative accommodation demand still growing and remains strong, vacation rentals beginning to stagnate. Labor shortages remain an issue for capacity growth. Travel industry continues to recover to its mega-trend track. Pent-up demand is moderating and demand softening slightly in some markets while others remain strong. ¹Airline Reporting Corporation 2023 vs 2022 and 2019 US point-of-sale domestic and international ARC carrier scheduled air sales and tickets as of 6/30/2023 2Skift State of Travel Master Deck July 2023 3 CruiseLines International Associations: 2022 State of the Cruise Industry Outlook; Statista Report: Revenue of the Cruises Market Worldwide 2018 to 2027; Cruise Industry Worldwide: Facts & Statistics Cruise industry almost back to 2019 level, expected to exceed it in 2024. Pre-cruise and on-board ancillary spend higher than air fares, enabling packaged experiences opportunities. Millennials and GenZs more important, >80% planning to cruise now. Market demographics evolving quickly. Year-over-year increases in combined business-leisure travel. Increasing consumer use of experts and intermediaries. 31
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