This global dataset will track Booking’s recovery throughout 2023. The pre-pandemic error rate on BKNG Room Nights was 1.2% over 9 quarters. The recent Hatched Analytics 2022-Q4 estimate had an error rate of -2.8%.
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.