Investor Presentation

INSPIRATO 3.0x INSPIRATO Consumer Platform Supply/ Subscription Leaders Median: 5.3x Valuation benchmarking Online Travel Traditional Hospitality Median: 4.4x Median: 4.3x 16.3x 13.7x 13.1x 9.3x 5.3x 5.0x 3.6x 2.7x 6.8x 4.4x 3.6x 2.9x 8.4x Expedia Tripadvisor Trip.com airbnb chewy Spotify Median: 3.4x 13.3x NETFLIX bumble matchgroup hims hers PELOTON 11.7x 10.7x Median: 4.2x 5.7x 3.4x 3.1x 2.5x Recent Travel & Prop Tech SPACS/IPOS Median: 3.2x Traditional Vacation Rental Median: 2.5x 6.0x 5.4x 3.3x 3.0x 2.5x 3.7x 3.2x 3.1x 3.9x 2.7x 2.3x 1.4x CAL Hilton HYATT ACCORHOTELS Marriott vacasa Median: 3.7x 7.4x 5.2x 4.5x 2.2x INSPIRATO 8.1x 4.2x 4.0x 3.1x 2.3x NETFLIX @bumble matchgroup chewy Spotify hims hers PELOTON airbnb Total Enterprise Value based on valuation and implied transaction multiple for Vacasa and Sonder as these transactions are still pending Source: FactSet as of 10/26/2021 and company financial model as of 05/07/2021 Note: 1. ENERCONTINE Expedia de Tripadvisor Trip.com HOLDING TAL Hilton 2.9x 2.5x bluegreenvacationer MCG Hilton Grand Vacation TRAVE MARRIOT RAVEL LOWTO Sonder Median: 2.4x Median: 2.3x 3.7x 2.9x 2.4x 1.3x Hilton 2.1x MCGE HYAIT vacasa ACCORHOTELS *Marriott 2.4x 2.2x 1.4x _ bluegrevocations Grand Vacations Sonder TRAVELE ATIONS CONFIDENTIAL 46

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