Latest news with #RateHawk
Tourism Breaking News
20-05-2025
- Business
- Tourism Breaking News
RateHawk and GlobalStar announce strategic partnership
Post Views: 80 RateHawk announced a strategic partnership with GlobalStar Travel Management . This new partnership gives GlobalStar's partners around the world access to RateHawk's extensive inventory. RateHawk's all-in-one system will provide Global Star's partners over 2.7 million accommodation options, alongside a number of supplementary supplier sources for car rentals, transfers and train tickets. To assist travel managers in efficiently navigating the wide array of options, the company's AI-powered tools prioritise recommendations based on the most competitive rates available. 'Our collaboration is designed to further empower GlobalStar partners, increasing their confidence in the daily booking routine. We source our diverse range of accommodations from not only 320+ suppliers but also 130,000+ directly contracted properties. This enables us to provide real-time availability status and facilitate faster amendments. Also, our ML-driven pre-book check procedure helps minimise the risk of possible issues, ensuring a smoother experience. Additionally, our dedicated support team is available in 32 languages to assist with any inquiries,' shares Ilya Kravtsov, Chief Commercial Officer at Emerging Travel Group, RateHawk's parent company. 'We are delighted to be partnering with a respected global booking system like RateHawk to complement our existing GDS-based hotel programme. In particular, RateHawk's ability to provide 'pre-pay' and 'credit' facilities closes a gap for GlobalStar in supporting our Partners in regions where this feature is a 'must-have' to manage hotel bookings. Alongside this, the additional flexibility of API integration provides our Partners with an opportunity for deeper integration where required. Initial feedback from our Partners has been extremely positive, and I look forward to engaging closely with the Network in the coming months to share more information, ' stated Julian Russell, Executive Director, IT and Supplier Relations, at GlobalStar.
Arabian Post
20-05-2025
- Business
- Arabian Post
GlobalStar and RateHawk Forge Alliance to Expand Travel Inventory Access
GlobalStar Travel Management has entered into a strategic partnership with RateHawk, a B2B booking platform, to enhance its global accommodation offerings. This collaboration grants GlobalStar's partners access to over 2.7 million lodging options, including hotels, apartments, and resorts, sourced from more than 320 suppliers and 130,000 directly contracted properties. The integration of RateHawk's inventory into GlobalStar's system aims to streamline booking processes for travel managers. RateHawk's AI-driven tools prioritise recommendations based on competitive rates, while its machine learning-powered pre-book check procedures help minimise potential issues. Additionally, the platform offers real-time availability updates and supports faster amendments, enhancing operational efficiency. Julian Russell, Executive Director of IT and Supplier Relations at GlobalStar, highlighted the benefits of the partnership, noting that RateHawk's provision of 'prepay' and 'credit' facilities addresses a critical need for partners in regions where such features are essential for managing hotel bookings. He also emphasised the positive initial feedback from GlobalStar partners and the potential for deeper integration through API connectivity. Ilya Kravtsov, Chief Commercial Officer at RateHawk's parent company, Emerging Travel Group, expressed enthusiasm about the collaboration, stating that the partnership is designed to empower GlobalStar partners by increasing their confidence in daily booking routines. He underscored RateHawk's commitment to providing diverse accommodation options and robust support, available in 32 languages, to assist with inquiries.
Trade Arabia
20-05-2025
- Business
- Trade Arabia
RateHawk, GlobalStar partner for inventory access
RateHawk, a B2B online system for booking hotels, air tickets, and transfers, has announced a strategic partnership with GlobalStar Travel Management, a worldwide travel management organisation. This new partnership gives GlobalStar's partners around the world access to RateHawk's extensive inventory. RateHawk's all-in-one system will provide Global Star's partners over 2.7 million accommodation options, alongside a number of supplementary supplier sources for car rentals, transfers and train tickets. To assist travel managers in efficiently navigating the wide array of options, the company's AI-powered tools prioritise recommendations based on the most competitive rates available. 'Our collaboration is designed to further empower GlobalStar partners, increasing their confidence in the daily booking routine. We source our diverse range of accommodations from not only 320+ suppliers but also 130,000+ directly contracted properties. This enables us to provide real-time availability status and facilitate faster amendments. Also, our ML-driven pre-book check procedure helps minimise the risk of possible issues, ensuring a smoother experience. Additionally, our dedicated support team is available in 32 languages to assist with any inquiries,' shares Ilya Kravtsov, Chief Commercial Officer at Emerging Travel Group, RateHawk's parent company. "We are delighted to be partnering with a respected global booking system like RateHawk to complement our existing GDS-based hotel programme. In particular, RateHawk's ability to provide 'pre-pay' and 'credit' facilities closes a gap for GlobalStar in supporting our Partners in regions where this feature is a 'must-have' to manage hotel bookings. Alongside this, the additional flexibility of API integration provides our Partners with an opportunity for deeper integration where required. Initial feedback from our Partners has been extremely positive, and I look forward to engaging closely with the Network in the coming months to share more information, ' stated Julian Russell, Executive Director, IT and Supplier Relations, at GlobalStar.
Independent Singapore
29-04-2025
- Business
- Independent Singapore
Travel platform RateHawk reports 67% global bookings surge in 2024 as travel demand rebounds
B2B travel solutions firm RateHawk reported a 67% increase in global bookings in 2024, according to the travel booking platform's statement released on Monday (April 28). The platform, used by travel professionals to book hotels, flights, and transfers, also saw its net booking value rise by 1.8 times compared to 2023. The company's performance was one of the main drivers behind the S$3.7 billion gross transaction value reached by its parent company, Emerging Travel Group, based in the UAE. The demand for RateHawk's transportation booking services, including flight tickets and transfer bookings, doubled in 2024. According to the company, the most popular international destinations booked by travel agents in Asia were the UAE, France, Switzerland, the USA, and Italy. Within the region, the most popular were Japan, Malaysia, Thailand, and India. Felix Shpilman, President and CEO of Emerging Travel Group, RateHawk's parent company, citing the latest UN Tourism report, said that as 1.4 billion people travelled internationally in 2024—nearing pre-pandemic levels—the company saw increased demand and growth across both its own and its partners' businesses. Erik Akhmetgaliev, Regional Director in the APAC region, said, 'In 2024, our business in Asia demonstrated a record fourfold increase in net booking value year-over-year. A new headquarters in Singapore and localisation in several new languages, including Japanese, Vietnamese, and Thai, stimulated the significant growth of our partners and their bookings.' Last year, the company added over 70 new global accommodation suppliers, taking the total to more than 300 wholesalers. It also signed direct deals with over 34,000 properties, bringing that number to around 120,000. In total, RateHawk now offers more than 2.6 million accommodation options on its platform. It also introduced train travel service across Europe, with over 25% of travel professionals using it within three months of its launch. In addition, it partnered with 500 new entities, including China's most popular online travel agency, Ctrip. The platform added support for eight more languages last year, bringing the total to 32. To strengthen its position in Asia, RateHawk also launched a new headquarters in Singapore. Over 93,000 travel professionals worldwide are using the platform. Of this, over 13,000 professionals are in Asia. The company has offices in Berlin, Dubai, Limassol, Lisbon, London, Singapore, Warsaw, and Wilmington and employs over 500 staff in commercial roles globally. Mr Akhmetgaliev said, 'We feel very optimistic about 2025, taking into account impressive RateHawk figures we have already achieved in the first quarter.' /TISG Read also: Singapore flyers to enjoy one-way fares from S$86 to Vietnam as Vietjet celebrates new airbus addition
Zawya
29-04-2025
- Business
- Zawya
RateHawk reveals 2024 business results with 67% bookings growth
RateHawk, an online B2B system for booking hotels, air tickets, and transfers for travel professionals, celebrates 9 years of operations and reports strong growth in its business results over the past year. 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, 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. 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 with great enthusiasm by RateHawk partners. Within three months of its launch, over 25% of travel professionals who frequently book hotels on the platform have also utilized 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 firsthand through increased demand and significant growth in our company's and partners' businesses', Felix Shpilman, President and CEO of Emerging Travel Group, RateHawk's parent company, commented. '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 localized in 8 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. RateHawk's partners increased by 50%, now over 93,000 travel professionals worldwide. In the Gulf Cooperation Council (GCC) region, the company tripled the number of travel agents connected to the platform, reaching over 8000 professionals. According to RateHawk, the most popular outbound destinations booked by travel agents from the GCC region in 2024 were Turkey, Thailand, Italy, France, the United Kingdom, Spain, Egypt, Georgia, and Switzerland. The top 5 domestic destinations were Dubai, Riyadh, Mecca, Doha, and Jeddah. 'In 2024, our business in the GCC region demonstrated a 3.3 times increase in net booking value year-over-year. We were also proud to pick up the award for Online Travel Agency (OTA) of the Year in the UAE in the TDM Travel Trade Excellence Awards 2024', shared Serkan Ozbay, Regional Director in the Middle East region. 'Our business growth illustrates the strong response from local travel professionals to our technological solution, as well as the remarkable potential of this market. Research indicates that outbound tourism from the GCC region is poised for substantial growth over the next five years, with an increasing trend in luxury traveling. We believe that our extensive inventory, which includes a wide range of accommodation options of all pricing categories, will empower local travel professionals to cater to evolving preferences and explore new destinations.' RateHawk has offices in London, Berlin, Lisbon, Warsaw, Dubai, Limassol, Singapore and Wilmington. RateHawk employs over 500 professionals in commercial roles globally. About RateHawk RateHawk is an innovative B2B booking platform developed by Emerging Travel Group. It offers hotels, flight tickets, transfers, car rentals, and other travel-related services. It also provides a fast and easy-to-use API with dedicated 24/7 support. RateHawk's mission is to provide partners with the best prices for any type of travel service, in any location. RateHawk offers its clients 2.7 million hotels and other types of accommodation from over 130,000 properties contracted directly, and 320 wholesalers, for flight tickets from over 450 airlines, and transfers in over 150 countries. Press Contact Anita Gusich, Head of PR pr@
