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Articles tagged “latin america”

Online Travel

Despegar Believes Financial Tech Will Hasten an Online Travel Recovery in Latin America

Online travel brands can no longer count on paid marketing alone to drive growth as they try to penetrate developing markets. Despegar is ahead of its larger global rivals in embracing "fintech." It sees consumer loans as a way to appeal to many travel buyers who don't use banks.

Despegar Believes Financial Tech Will Hasten an Online Travel Recovery in Latin America

Business Travel

A Superapp Betting on Corporate Travel During a Pandemic 🔒

Latin America's Rappi now offers business travel alongside things like takeaways, pet food and furniture. It doesn’t sound like a winning combination, but different parts of the world have different appetites for digitization.

A Superapp Betting on Corporate Travel During a Pandemic 🔒

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.

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

Airlines

Why Being Grounded for Months Was the Best Pandemic Outcome for This Airline

U.S. airlines are flying all they can and selling cheap fares to fill planes. Copa was required by its government to do the opposite. It effectively stopped flying for months. It lost a lot of money in the second quarter, but perhaps not as much as you might think.

Why Being Grounded for Months Was the Best Pandemic Outcome for This Airline

Business Travel

From a WhatsApp Channel to Latin America’s Latest Online Travel Startup

Despite rising coronavirus cases and airlines on the brink of collapse, Milla Travel could still make its mark in a region that's long overdue for modernization in the travel management space.

From a WhatsApp Channel to Latin America’s Latest Online Travel Startup

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.

Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Coronavirus

Why Latin America’s Travel Recovery Might Lag the World’s

The only upcoming trip for many Latin Americans will be returning to their workplaces. A feckless U.S. and reckless China have prevented the world from coordinating a response to the pandemic.

Why Latin America’s Travel Recovery Might Lag the World’s

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.

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.

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

Airlines

The New Face of Latin American Airline Partnerships

Airline partnerships connecting North and South America look different in 2020, with Delta a stronger contender in the region than ever before. Its $1.9 billion investment for a 20 percent stake in Chile’s Latam Airlines helps. Now, the question is how it will shape the industry — and the strategies of competitors like American Airlines.

The New Face of Latin American Airline Partnerships