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RateHawk has been active in markets of Europe, South &amp; North Americas, and Africa for the last two years. The service has operated on French, Spanish and Polish markets in test mode and is now officially entering these markets with a local business team at local offices, together with a fully localized product. More than 6,000 industry customers in over 100 markets use RateHawk. The Company plans to increase the number of partners to 15,000 by the end of 2019: with 1,000 agents in France, 500 agents in Poland and 300 agents in Spain alone.&nbsp;Felix Shpilman, CEO of Emerging Travel Group, commented: “Our plan for 2019 is to place a dedicated focus on growing our business in Europe – to strengthen our market position in key European markets.”&nbsp;RateHawk was founded in 2016 and is owned by Emerging Travel Group, along with ZenHotels, Ostrovok, and B2B.Ostrovok. RateHawk’s turnover has grown 300% in 2018. The site is available in eight languages – English, German, French, Italian, Spanish, Portuguese, Polish and Russian.&nbsp;In addition to booking accommodation, the company also provides group and individual hotel reservations, transfers, car hire, and other travel-related services.

RateHawk.com (Emerging Travel Group), an online platform for travel professionals, including travel agents and corporate travel bookers, announces its formal launch in the European markets. RateHawk’s inventory of over 1mn+ properties in over 220 countries worldwide is now available to travel businesses in France, Spain, Poland, Czech Republic, Italy, UK, Turkey, Greece, Bulgaria, Croatia, Latvia, Lithuania, and Estonia.

Online travel booking service for travel professionals RateHawk.com expands into European markets

Financial Summary &amp; Operating Metrics&nbsp;<ul><li>Gross booking value increased 46% year-over-year to $713mn.</li><li>B2C booking accounted for 47% of the turnover share.</li><li>Group’s B2C sites processed over 500,000 unique customers in 2018.</li><li>Group’s B2B portfolio increased to more than 24,000 partners (travel agencies, tour operators, travel management companies (TMCs) and corporate clients)</li><li>International brands (ZenHotels and RateHawk) revenue share increased by 88% compared to the previous year and contributed 32% of the Group’s total revenue (up from 17% in 2017).</li><li>RateHawk’s turnover increased over 400% in 2018 vs 2017.</li></ul>&nbsp;Business Highlights&nbsp;<ul><li>In 2018 ZenHotels was localized into Spanish, Italian, French, Portuguese, and Polish languages.</li><li>RateHawk launched in 21 new regions in 2018: France, Italy, UK, Serbia, Bulgaria, Romania, Slovenia, Croatia, Greece, Montenegro, Czechia, South Africa, Turkey, and Israel. The tool has been localized into French, Italian, Spanish, Portuguese and Polish languages.</li><li>Ostrovok.ru brand has launched a strategic partnership with Aeroflot, Russia’s largest airline.</li></ul>&nbsp;Felix Shpilman, CEO of Emerging Travel Group, commented: “Although 2018 was a challenging year for the travel industry, we are very happy with our growth and international expansion in both B2B and B2C lines of business. We launched in many new markets, found new partners, and continued to invest in technology. We hope to continue growing at a similar rate in 2019.”

Emerging Travel Group, the parent company behind RateHawk (b2b), ZenHotels (b2c), and Ostrovok (b2b) announced its 2018 operating results.

Emerging Travel Group releases its 2018 results