The latest improvement will aid local travel professionals in making bookings, carrying out payments, checking information, and making changes to orders.
Felix Shpilman, CEO of RateHawk, commented: “RateHawk already has partners in over 100 countries globally and cooperates with over 9,500 travel agencies. At the same time, we believe that there is a huge need in the European markets for a user-friendly, high-tech, and supply-rich B2B hotel booking system. We are satisfied with our traction: by the end of the second quarter of 2019 we managed to double the number of our partners in Greece and to triple the number of our partners in Romania compared to the first quarter. In Hungary, our portfolio has been growing steadily at a rate of 30% for two quarters in a row since the beginning of 2019, while in Bulgaria we have managed to increase the number of our partners by 50% compared to the first quarter.
We are planning to double our partners portfolio in these geographies by the end of the year. With our product available in more European languages, we will be better positioned to fully deliver our innovative engine to local travel industry professionals. We plan to continue our expansion in Europe and, over the long run, to make our product the preferred travel tool for all local travel professionals.”
RateHawk launched in Hungary, Greece, Romania and Bulgaria in 2018. The service provides travel professionals with a supply of over 1.2 million unique properties globally sourced from more than 85 of the world’s best hotel suppliers. RateHawk’s mapping algorithms enable aggregating, processing, and deduplicating hotel content from both retail and wholesale players. The service utilizes content prioritization systems, rate mixing mechanisms, data structuring methods, advanced pricing, and inventory management systems across channels, POS, and customer segments. Combining innovative technologies and extensive professional experience, RateHawk provides travel players with the world’s most comprehensive hotel-booking backend technology.
RateHawk is owned by Emerging Travel Group, an international online travel group that operates in over 100 source markets with the brands RateHawk, ZenHotels, and Ostrovok. In July 2019 the Group closed a $10M financing round aiming at accelerating the development and further global expansion of RateHawk – the company plans to more than double its international staff to scale RateHawk within one year and to continue its investments in technology.