Inspirato Financial Projections and Business Highlights

2. Inspirato Pass INSPIRATO Inspirato's business model solves pain points for luxury travelers and hospitality suppliers MARKETPLACE PROBLEM INSPIRATO SOLUTION DEMAND SIDE Global Luxury Travelers × Frustration with nightly rates, taxes and fees × Distrust of variable pricing ☑ Inconsistent quality and service ✓ Simplicity Certainty Service SUPPLY SIDE Luxury Hotels/Vacation Rentals × Perishable inventory with high fixed cost and low variable cost × Inability to discount due to price integrity, repatriation and brand reputation Ability to move incremental inventory during both high and low seasons Ability to discount without fear of repatriation and brand degradation CONFIDENTIAL 20

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