RateHawk has reported strong growth in its business over the past year as the online B2B system for booking hotels, air tickets, and transfers for travel professionals celebrates nine years of operations.
In 2024, 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, the UAE-based Emerging Travel Group, has hit a new milestone of $3.7 billion gross transaction value in 2024, with RateHawk as a major growth driver, the company said. In 2024, RateHawk continued to develop the variety of its inventory. The company successfully connected with more than 70 new global accommodation suppliers, exceeding 300 wholesalers worldwide, and established direct contracts with over 34,000 accommodations, counting up to 120,000 properties in total. As a result, the amount of accommodation options reached over 2.6 million. The demand for RateHawk’s transportation booking services, including flight tickets and transfer bookings, doubled during 2024. The company also introduced train travel service across Europe which was welcomed by RateHawk partners. Within three months of its launch, over 25% of travel professionals who frequently book hotels on the platform have 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. At RateHawk, we have been witnessing this trend first-hand through increased demand and significant growth in our company’s and partners’ businesses,” said Felix Shpilman, President and CEO of Emerging Travel Group. “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 OTAs and innovative travel tech platforms.” In 2024, the service was localised in eight more languages, bringing the total to 32. RateHawk also launched a new headquarters in Singapore, strengthening its position in the Asian region and its relationships with local partners.