Articles tagged “despegar”

Despegar Attempts to Expand Further Beyond Flights

Despegar Attempts to Expand Further Beyond Flights

Sean O'Neill, Skift

Despegar will need to become even more of a force in Latin America if it hopes to tempt major shareholder Expedia Group into acquiring it.

2 weeks ago

Latin America Travel Unicorn Despegar Is Hunting but Could Be Hunted Too

Latin America Travel Unicorn Despegar Is Hunting but Could Be Hunted Too

Sean O'Neill, Skift

The biggest online travel story in Latin America in 2017 was Despegar's IPO. The Expedia-backed booking site raised $332 million to fund its expansion. The company has hinted that it is likely to use some of the cash to make an acquisition in 2018.

5 months ago

Expedia Wants to Loosen Google’s Travel-Advertising Grip and 10 Other Digital Trends This Week

Expedia Wants to Loosen Google’s Travel-Advertising Grip and 10 Other Digital Trends This Week

Sarah Enelow, Skift

This week in digital news, we thought about new beginnings. Expedia's new CEO wants to chip away at Google's dominance and Expedia-supported Despegar successfully launched an IPO.

8 months ago

Despegar Hints at Its Latin American Travel Strategy After Successful IPO

Despegar Hints at Its Latin American Travel Strategy After Successful IPO

Sean O'Neill, Skift

With its IPO on Wednesday, Despegar became the world's seventh-largest online travel company by market cap. Its bosses talk a good game. But its major markets may have near-term hiccups ahead.

8 months ago

Expedia-Supported Despegar Prices IPO at $26 Per Share

Expedia-Supported Despegar Prices IPO at $26 Per Share

Sean O'Neill, Skift

Expedia would own 14 percent of online travel agency Despegar post-IPO. But contemplating the odds of an Expedia takeover is a "rompecabeza,” or a head-breaker.

8 months ago

Despegar Files for $100 Million IPO and Expedia Could Benefit From Its Growth

Despegar Files for $100 Million IPO and Expedia Could Benefit From Its Growth

Sean O'Neill, Skift

Despegar is on track to attract a $1 billion valuation. That's impressive. But its newish CEO needs to pivot the business away from a reliance on selling airline tickets, which are becoming less profitable for his firm by the day.

9 months ago

Oral History of Online Travel: How Decolar Built an Online Booking Brand Offline

Oral History of Online Travel: How Decolar Built an Online Booking Brand Offline

Dennis Schaal, Skift

In the late 1990s and early 2000s, when Decolar approached local airlines to forge partnerships, the carriers just didn't appreciate what the site was trying to do. But Decolar, which has its struggles today, indeed outlasted many of those airlines.

2 years ago

Priceline Writes Down Nearly All of Its $60 Million Hotel Urbano Investment

Priceline Writes Down Nearly All of Its $60 Million Hotel Urbano Investment

Dennis Schaal, Skift

It is rare to see a company such as the Priceline Group take an impairment charge so quickly after investing. Even Priceline, in the short-term, at least, can get things wrong. Hotel Urbano needs more cash as the Brazilian economy and political system exhibited further stress, and the Zika virus took hold.

2 years ago

Skift CMO Interviews: Despegar’s New Single-Minded Push for Online Bookings

Skift CMO Interviews: Despegar’s New Single-Minded Push for Online Bookings

Dan Peltier, Skift

Despegar has entered a new chapter in Latin America as the site eliminated phone bookings in favor of online bookings only. The company is undergoing major changes and is rethinking how it balances its online and offline marketing.

2 years ago

Expedia Makes $270 Million Dollar Investment in Latin America’s Decolar

Expedia Makes $270 Million Dollar Investment in Latin America’s Decolar

Dennis Schaal, Skift

Barring a reversal in market conditions, buckle up because 2015 is looking like it will be a very active year in mergers and acquisitions among online travel companies.

3 years ago

Interview: Despegar CEO on the Evolution of Online Booking in Latin America

Interview: Despegar CEO on the Evolution of Online Booking in Latin America

Dennis Schaal, Skift

In Latin America, as in many regions around the world, the phone is the dominant way to book. No, not via the smartphone, but by phoning an agent in an online travel agency call center. Despegar is doing everything it can to ease the transition from call center to online bookings.

4 years ago

Largest Latin America Travel Agency Despegar Gets a Reprieve

Largest Latin America Travel Agency Despegar Gets a Reprieve

Dennis Schaal, Skift

Despegar's statement doesn't say it will begin paying local taxes in Argentina -- or how much -- but its actions give Latin America's largest travel agency some breathing room to work out a settlement.

4 years ago