Traveltech firm RateHawk lands in Asia with Singapore regional HQ

Photo credit: RateHawk

By 2028, revenue from Asia’s travel and tourism sector is expected to reach US$402 billion, according to Statista data. This is well beyond the US$247.6 billion the market logged just before the Covid-19 pandemic hit.

The number also beats the 2028 projections for North America, which sits at US$259 billion, as well as Europe’s US$307.8 billion.

RateHawk, a global travel-booking platform, is looking to get a piece of Asia’s travel industry. It recently announced the launch of its operations in the market with a new regional base in Singapore.

The company offers hotel bookings, flight tickets, transfers, car rentals, and other travel-related services. The localized platform will offer Thai, Chinese, and Korean services, as well as multilanguage support.

Transactions will be handled through the Singapore entity to lower extra costs from exchange rates, the firm said. It will accept currencies like the Singapore dollar, Thai baht, and Malaysian ringgit.

RateHawk has over 30 staff managing business and sales across Asia, but the company said it aims to bump that number up to reach all corners of the continent.

“Our early operations in the region have demonstrated the product-market fit of RateHawk in Asia. Therefore, we are now ready to elevate our operations and establish a robust presence in the region, said Felix Shpilman, CEO of RateHawk parent Emerging Travel Group.

RateHawk’s formal launch in Asia comes after Emerging Travel Group, based in the United Arab Emirates, recorded US$2.6 billion in transactions in 2023. In addition to RateHawk, it also operates travel brands ZenHotels and Roundtrip.

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