This global dataset will track Booking’s recovery throughout 2022. The pre-pandemic error rate on BKNG Room Nights was 1.2% over 9 quarters. The recent Hatched Analytics 2022-Q3 estimate using the ratio from pre-Covid had an error rate of 2.2%.
During the volatile period since the onset of Covid-19, Hatched has correctly estimated the YoY direction vs the previous quarter. It continues to be a challenging report to track, however, we expect that the error rates will return to the normal level as the travel industry recovers in the coming quarters.