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Articles tagged “despegar”

Online Travel

Finally, Airbnb IPO Will Signal a New Era of Accounting and Accountability

As a public company, Airbnb would be a dream for reporters, analysts, and investors because of the required disclosures about financials and strategy. It could also prompt competitors to up their game, and perhaps be more forthcoming about the numbers behind their own short-term rental businesses.

Dennis Schaal, Skift | 4 years ago

Finally, Airbnb IPO Will Signal a New Era of Accounting and Accountability

Coronavirus

Latin America’s Despegar Is on a Buying Spree Despite Pandemic Challenges

Despegar is playing the hand it's been dealt during the depths of the coronavirus crisis, and that means it will cut costs, ensure liquidity, and be on the prowl for opportunistic acquisitions to take market share.

Dennis Schaal, Skift | 4 years ago

Latin America’s Despegar Is on a Buying Spree Despite Pandemic Challenges

Online Travel

Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

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.

Sean O'Neill, Skift | 4 years ago

Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Coronavirus

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

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.

Sean O'Neill, Skift | 4 years ago

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

Online Travel

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

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.

Sean O'Neill, Skift | 4 years ago

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

Online Travel

Despegar Buys Mexican Travel Agency Best Day for $136 Million

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.

Sean O'Neill, Skift | 4 years ago

Despegar Buys Mexican Travel Agency Best Day for $136 Million

Online Travel

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

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.

Sean O'Neill, Skift | 4 years ago

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

Online Travel

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

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.

Kristin Majcher, Skift | 4 years ago

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

Online Travel

Despegar Uses Installment Payments to Prod Demand

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.

Sean O'Neill, Skift | 5 years ago

Despegar Uses Installment Payments to Prod Demand

Online Travel

Despegar Surfs Rising Wave of Mobile Travel Bookings in Latin America

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.

Sean O'Neill, Skift | 5 years ago

Despegar Surfs Rising Wave of Mobile Travel Bookings in Latin America