RateHawk, a B2B booking platform, has announced a remarkable fourfold increase in its net booking value in Asia for 2024. This growth is attributed to the establishment of a new headquarters in Singapore and the localisation of services in languages such as Japanese, Vietnamese, and Thai. The company’s global net booking value rose by 1.8 times compared to 2023, with a 67% increase in the number of bookings worldwide.
The parent company, Emerging Travel Group, based in the UAE, achieved a gross transaction value milestone of $3.7b in 2024, with RateHawk as a significant contributor. The platform expanded its inventory by connecting with over 70 new global accommodation suppliers and establishing direct contracts with more than 34,000 accommodations, totalling 2.6 million options.
The demand for RateHawk’s transportation services, including flights and transfers, doubled in 2024. The introduction of train travel services across Europe was particularly well-received, with over 25% of frequent users adopting the new service within three months. Felix Shpilman, CEO of Emerging Travel Group, highlighted the company’s commitment to supporting partners during this period of growth, noting the doubling of API integration contracts with over 500 new entities, including Ctrip.
In Asia, RateHawk tripled its connected travel agents to over 13,000, with popular outbound destinations including the UAE, France, and the USA. The company plans to focus on API development in East and South Asia in 2025, optimising technology and support through its tech hub.
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