Despegar's Strength in Mexico and Colombia Helps Blunt Pandemic Impact
Skift Take
Argentina-based Despegar has broadened its geographic reach through acquisitions, and that has enabled the company to boast that seasonality factor has been eliminated from the business. While that statement is a stretch, it will be great for the company to take advantage of Mexico summers while Brazil winters.
Despegar notched what executives described as the company's best quarter of the pandemic based in part on enhanced geographic diversity, which reduces the seasonality conundrum that hinders many travel companies.
Because of fewer Covid restrictions, as well as tech and marketing investments, Mexico, driven by the company's Best Day acquisition in 2020, and Colombia were Argentina-based Despegar's top-performing markets in the second quarter.
When excluding Covid-impaire
