So Q1 ADR we see as being down quarter-over-quarter, but up year-over-year meaningfully, right? And the quarter-over-quarter dynamic is explained by Q1 being just generally a weaker seasonal quarter for us. And secondly, the effects of Omicron that we've mentioned, where we saw booking patterns start to slow down end of November, mainly hitting the P&L and stays that occur in January and February. Though, like you mentioned, the March bookings are seeing a strong resurgence, right? And so the Omicron wave was the case counts increased really rapidly but decreased just as rapidly and travel behavior, booking behavior on our platform and our channels has mimicked that trend.

Mar 9, 2022 / CFO / receipt, needs a key / Sanjay Pal, CFO | earnings call 2022-03-09 | transcript 675e2699-6aae-4f47-949b-7bb5cf7f5de8 | chars 28761-29442 | segment 28