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In a remarkable testament to resilience and innovation in the travel sector, Emerging Travel Group has announced an unprecedented financial triumph, achieving a turnover surpassing $2 billion in just the first three quarters of 2023. This staggering figure represents a monumental achievement for the company and signifies a resurgent global travel industry.

The Group’s flagship B2B platform, RateHawk, is at the heart of this success. Boasting a user base of over 54,000 travel professionals globally, RateHawk has seen a year-over-year growth of 75%, with more than 6,000 North American agents utilizing the platform. This digital portal offers access to more than 2.2 million properties, flights from over 350 airlines, and transport options in 150 countries, making it a cornerstone in the travel industry’s recovery and growth.

Felix Shpilman, the visionary CEO at the helm of Emerging Travel Group, attributes this success to the post-pandemic resurgence of the travel industry. He expresses his optimism and outlines ambitious plans for 2024, focusing on expanding RateHawk’s foothold in the North American B2B sector. Under his leadership, the North American team has grown significantly, with expectations to double in size in the upcoming quarter.

Shpilman’s strategy extends beyond mere expansion. He emphasizes a commitment to empowering travel agents through innovative tools, new product releases, content enhancements, and efficient support methods, including advanced payment solutions. This approach underlines RateHawk’s dedication to streamlining the operational efficiency of travel professionals, further cementing its position as a market leader.

Emerging Travel Group’s impact is not limited to its digital offerings. The company has made significant strides in expanding its hotel supply inventory, registering a 25% increase in 2023. This growth has been achieved through strategic partnerships and consolidations, bringing together an impressive array of 2.2 million hotel options sourced from over 220 global suppliers and 80,000 direct hotel contracts.

The Group’s mission is clear: to become the largest hotel consolidator in the market, catering to the escalating demand for both outbound and domestic travel. With an eye on strategic partnerships in key regions like the USA, Europe, and the Middle East, Emerging Travel Group is poised to redefine the travel landscape.

The Group’s success reflects not only its innovative approach but also its global presence. Employing over 2,600 people across 80 countries, with offices in major cities like Wilmington, London, Berlin, Milan, Lisbon, Warsaw, Dubai, and Limassol, Emerging Travel Group is a global powerhouse in the travel industry.

In conclusion, Emerging Travel Group’s record-breaking turnover of $2 billion in 2023 is more than a financial milestone; it symbolises the travel industry’s dynamic evolution and the Group’s unwavering commitment to leading this transformation. With an eye on the future, Emerging Travel Group is not just navigating the world of travel; it’s reshaping it.