Record-breaking RateHawk: revenue doubles in 2023

85% more bookings were recorded through the platform last year than in 2022, contributing to a total US$2.6 billion transaction value for the wider Emerging Travel Group.

This marks record performance for the hotel, flight and transfer booking platform, which now serves over 62,000 travel professionals worldwide. This number alone represents a 61% increase against 2022. Around 5% of these are from the UK & Ireland.

Beyond RateHawk's stable demand for accommodation, flights booked doubled in 2023 and transfers booked rose by 67%.

Along with the rise in agents registered and bookings recorded, 60 new global wholesalers and direct contacts with 20,000 accommodations were enlisted in 2023, and third-party reviews from Expedia, Hotels.com and Vrbo were integrated.

Felix Shpilman, the wider Emerging Travel Group's CEO, said on the announcement of this year's results: "RateHawk continues to deliver solid double-digit growth, hitting all-time highs in bookings and revenue.

"Looking ahead to 2024, we're optimistic... agents will face even greater traveller demand. Our platform equips travel professionals with everything they need to meet this growing demand."

www.ratehawk.com