RateHawk has revealed huge success after nine years of operations, highlighted in its latest business results report.
an online B2B system for booking hotels, air tickets, and transfers for travel professionals, celebrate
The reported published RateHawk’s net booking value increased by 1,8 times compared to 2023, while the number of bookings saw a 67% growth on a global scale.
Its parent company, UAE-based Emerging Travel Group, hit a new milestone of $3.7 billion gross transaction value in 2024 with RateHawk as the major growth driver.
The company managed to expand its inventory last year, with more than 70 new global accommodation suppliers, more than 300 wholesalers worldwide, and established direct contracts with over 34,000 accommodations, to today where it now has over 120,000 directly contracted properties in total.
As a result, it’s said it now has over 2.6 million accommodation options.
The company report its demand for transportation booking services, including flights and transfers, doubled during 2024.
The introduction of railway tickets across Europe was welcomed by RateHawk partners. Within three months of its launch, over 25% of travel professionals who frequently book hotels on the platform had also utilised its railway services.
“According to the latest UN Tourism report, 1.4 billion people travelled internationally in 2024, almost reaching pre-pandemic levels,” said Felix Shpilman, president and CEO of Emerging Travel Group, RateHawk’s parent company.
“At RateHawk, we have been witnessing this trend firsthand through increased demand and significant growth in our company’s and partners’ businesses.
“We’re proud to deliver unparalleled support to our partners during this exciting period of travel industry growth, developing both platform services and API integrations.
“In 2024 alone, we doubled the number of API integration contracts, partnering with over 500 new entities including Ctrip.
“This year, we aim to maintain this momentum, focusing on partnerships with OTAs and innovative travel tech platforms and providing the best product and technology for travel agents.”
In 2024, the service localised itself in eight more languages, bringing its new total to 32.
It also launched a new headquarters in Singapore, to strengthen its presence in the Asia region.
Its partners increased by over 50%, to over 93,000 travel professionals worldwide.
In the UK and Ireland alone, the company formed new partnerships with market leaders such as TTNG and strengthened the network of 3000 travel agents connected to the platform.
“In the UK business, we had an impressive breakthrough with a 80% growth in net booking value year-over-year”, shared Chantal Tomlinson, head of business development in the UK & Ireland.
“This year has already started with several strategic partnerships with leading consortiums like Hays Travel IG, setting a strong foundation for the next milestones”.
