RateHawk marks ninth anniversary with strong growth

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On-line B2B journey reserving system RateHawk marks 9 years of wonderful operations with sturdy progress in its enterprise outcomes over the previous 12 months. 

In 2024, RateHawk’s web reserving worth elevated by 1.8 occasions in comparison with 2023, whereas the variety of bookings noticed a 67 % progress on a worldwide scale. 

Its UAE-based dad or mum firm Rising Journey Group likewise hit a brand new milestone of $3.7 billion gross transaction worth in 2024 with RateHawk as a serious progress driver.

Over the previous 12 months, RateHawk continued to develop the number of its stock. 

The corporate efficiently related with greater than 70 new world lodging suppliers, exceeding 300 wholesalers worldwide, and established direct contracts with over 34,000 lodging, counting as much as 120,000 properties in complete. 

In consequence, the quantity of lodging choices reached over 2.6 million.

The demand for RateHawk’s transportation reserving companies, together with flight tickets and switch bookings, additionally doubled throughout 2024. 

Right now, RateHawk has workplaces in London, Berlin, Lisbon, Warsaw, Dubai, Limassol, Singapore, and Wilmington. 

The corporate employs over 500 professionals in business roles globally.

Welcome additions

It needs to be famous that the corporate launched prepare journey service throughout Europe up to now 12 months, and this was welcomed with nice enthusiasm by RateHawk companions. 

Inside three months of its launch, over 25 % of journey professionals who incessantly guide inns on the platform have made use of its railway companies.

In line with Rising Journey Group CEO Felix Shipman: “In line with the most recent UN Tourism report, 1.4 billion individuals travelled internationally in 2024, virtually reaching pre-pandemic ranges. At RateHawk, we now have been witnessing this development firsthand by elevated demand and vital progress in our firm’s and companions’ companies.”

Shipman added that the corporate continues to ship unparalleled assist to its companions throughout this thrilling interval of journey trade progress, growing each platform companies and API integrations. 

He stated: “In 2024 alone, we doubled the variety of API integration contracts, partnering with over 500 new entities together with Ctrip. This 12 months, we intention to take care of this momentum, specializing in OTAs and revolutionary journey tech platforms.”

Higher localisation

In 2024, the service was localised by eight extra languages, bringing the overall to 32.

RateHawk additionally launched its new headquarters in Singapore, strengthening its place within the Asian area and its relationships with native companions.

The variety of companions likewise elevated by 50 %, now over 93,000 journey professionals sturdy worldwide. 

In Asia, the corporate tripled the variety of journey brokers related to the platform, reaching over 13,000 professionals.

In line with RateHawk, the most well-liked outbound locations booked by journey brokers from Asia in 2024 have been the UAE, France, Switzerland, the USA, and Italy.

Moreover, a big a part of bookings remained inside Asia, with Japan, Malaysia, Thailand, and India being high selections.

APAC regional director Erik Akhmetgaliev stated: “We really feel very optimistic in regards to the 2025 12 months, taking into consideration spectacular RateHawk figures we now have already achieved within the first quarter and the trade insights on the anticipated post-pandemic ultimate restoration, due to the elevated availability of flights and simplification of visa procedures. This 12 months, we’re additionally specializing in API growth, significantly in East and South Asia, the place the focus of OTAs is extraordinarily excessive. We’re optimising our know-how whereas additionally offering assist by our inside tech hub and API optimisation crew”.

The put up RateHawk marks ninth anniversary with sturdy progress appeared first on Journey Day by day Media.