Articles tagged “despegar”

Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Sean O'Neill, Skift

Despegar, Latin America's largest online travel company, will pay much, much less than its original $136 million proposed price to buy Mexican travel agency Best Day. Expect similar tough haggling over deal terms by travel companies across the globe.

3 weeks ago

Despegar May Drop Its Acquisition of Mexican Travel Agency Best Day as Crisis Takes Toll

Despegar May Drop Its Acquisition of Mexican Travel Agency Best Day as Crisis Takes Toll

Sean O'Neill, Skift

Despegar had offered to pay a premium for Mexico's Best Day in January, but today the two companies are strapped for cash due to the pandemic's destruction of travel bookings. This acquisition may be one of several deals across the sector imperiled by coronavirus.

2 months ago

Latin America’s Despegar Will Have to Navigate Coronavirus Currency Impact

Latin America’s Despegar Will Have to Navigate Coronavirus Currency Impact

Sean O'Neill, Skift

Coronavirus has caused turmoil in the global financial markets, which has devalued several key currencies and made foreign trips costlier. But devaluation may also make potential acquisition targets cheaper for Despegar, the region's largest online travel agency.

4 months ago

Despegar Buys Mexican Travel Agency Best Day for $136 Million

Despegar Buys Mexican Travel Agency Best Day for $136 Million

Sean O'Neill, Skift

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.

5 months ago

Latin America’s Despegar Wants to Double Bookings by 2025: How Realistic Is That?

Latin America’s Despegar Wants to Double Bookings by 2025: How Realistic Is That?

Sean O'Neill, Skift

Despegar doesn't follow the same playbook as the global online travel players. Charting its own path has worked for the Latin American agency. Expect Despegar to make a strategic acquisition this year to support its heady plans for growth.

6 months ago

Latin America’s Biggest Travel Company Isn’t Despegar or Booking

Latin America’s Biggest Travel Company Isn’t Despegar or Booking

Kristin Majcher, Skift

Brazil’s CVC Corp.’s purchase of Argentina’s Almundo is a strategic move to increase its digital reach — but more importantly it helps CVC build even greater scale beyond its home borders.

6 months ago

Despegar Uses Installment Payments to Prod Demand

Despegar Uses Installment Payments to Prod Demand

Sean O'Neill, Skift

Some religions take it on faith that their messiah will come, but they stoically accept that the arrival has been delayed indefinitely. Similarly, Despegar believes that the online travel revolution will sweep Latin America, but it accepts that the glorious moment has been delayed indefinitely. Consumer financing is its secret sauce to sustain itself while it waits.

11 months ago

Despegar Surfs Rising Wave of Mobile Travel Bookings in Latin America

Despegar Surfs Rising Wave of Mobile Travel Bookings in Latin America

Sean O'Neill, Skift

The Argentine economic crisis continues to drag on Despegar, but the online travel agency's continuous investment in mobile is setting it up for long-term growth across the continent.

1 year ago

Iberostar Ups Stake in Almundo for Online Travel Agency Push in Latin America

Iberostar Ups Stake in Almundo for Online Travel Agency Push in Latin America

Sean O'Neill, Skift

The conventional wisdom has been that the online travel market in Latin America will narrow down to a fight between Expedia-supported Despegar and global brands like Booking.com. But Almundo, thanks to backing from Iberostar, might put up a meaningful fight.

2 years ago

Despegar Aims to Be Less Dependent on Argentina’s Travel Market

Despegar Aims to Be Less Dependent on Argentina’s Travel Market

Sean O'Neill, Skift

No one saw that Argentina's economy would take such a bad turn this year. But Despegar, based in Buenos Aires, is making moves to weather the storm after its market valuation has been slashed in half.

2 years ago

Expedia CEO: Mergers and Acquisitions Are Always on the Table

Expedia CEO: Mergers and Acquisitions Are Always on the Table

Dennis Schaal, Skift

An Expedia acquisition of Thomas Cook? While problematic on many fronts, including buying all of those offline agents, it isn't out of the question. Consider that Expedia would gain access to a customer base in Europe that it hardly touches. Expedia's Barry Diller has made a ton of acquisitions. He and Okerstrom are hardly done yet.

2 years ago

MakeMyTrip and Despegar Make Localization a Key Competitive Advantage

MakeMyTrip and Despegar Make Localization a Key Competitive Advantage

Seth Borko, Skift Research

Does Expedia or Booking have the energy to launch their booking apps in four local Indian dialects? Maybe not, but MakeMyTrip does, and that local effort matters.

2 years ago