Despegar Buys Mexican Travel Agency Best Day for $136 Million
Skift Take
At a stroke, Despegar will boost its annual revenue by about 25 percent. Acquiring Best Day Travel Group, one of the largest travel agencies in Mexico, will also solidify its set of products, including in the promising business-to-business segment.
Despegar said Monday it would acquire Best Day, one of the largest travel agencies in Mexico, for $136 million as it looks to grow mobile bookings.
The purchase price was 17 times Best Day's earnings before interest, tax, depreciation, and amortization — a measure of profit — of $8 million last year.
In 2019,
