RateHawk, the B2B booking platform for hotels, flights, and transfers, has seen exceptional growth in Asia, with its net booking value in the region increasing fourfold in 2024 compared to the previous year.
This growth comes less than a year after RateHawk opened its first Asian headquarters in Singapore. The new office was established to provide localised booking services and support for travel agents in the region, and it has already played a crucial role in driving the platform’s success.
In addition to the expansion in Asia, RateHawk reported a 67% global growth in bookings, with its net booking value rising 1.8 times compared to 2023. These results contributed to its parent company, Emerging Travel Group, reaching a US$3.7 billion gross transaction value in 2024.
The platform also expanded its offerings globally, adding over 70 new global accommodation suppliers, bringing the total number of properties to 120,000. RateHawk now offers more than 2.6 million accommodation options. Additionally, the demand for its transportation services, including flights and transfers, doubled. The company also launched a European train travel service, which was quickly embraced, with over 25% of regular hotel bookers using it within three months of its debut.
Felix Shpilman, president and CEO of Emerging Travel Group, commented, “We have been witnessing this trend firsthand through increased demand and significant growth in our company’s and partners’ businesses.”
Looking ahead, RateHawk plans to continue developing its platform, particularly in East and South Asia, where the OTA market is expanding rapidly. The company’s ongoing focus on optimising its technology will support the growing demand from travel professionals across the region.