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Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Cityscape of Buenos Aires, Argentina. JumpStory Skift Take: 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 Read the Complete Story On […]

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

A 2019 aerial shot of Rio de Janeiro, Brazil, a popular Latin American travel destination. CEO Despegar Damián Scokin announced the booking company’s fourth-quarter earnings on Thursday. Sergio Souza / Unsplash Skift Take: Coronavirus has caused turmoil in the global financial markets, which has devalued several key currencies and made foreign trips costlier. But devaluation […]

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Despegar Buys Mexican Travel Agency Best Day for $136 Million

The staircase located at the edge of cliff at the Mayan Ruins of Tulum in Mexico. Brain & Storm / Flickr Skift Take: 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 […]

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

Despegar CEO Damián Scokin spoke at a company town hall in Buenos Aires in December 2019. Despegar Skift Take: 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 […]

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

Pictured is a vineyard and the volcano Aconcagua Cordillera, part of the Andes mountain range, in the Argentine province of Mendoza. Brazil-based travel company CVC Corp. closed a $77 million acquisition of Buenos Aires-based Almundo in November 2019. Kseniya Ragozina / Adobe Skift Take: Brazil’s CVC Corp.’s purchase of Argentina’s Almundo is a strategic move […]

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Despegar Uses Installment Payments to Prod Demand

In 2019, Despegar launched a rebranded logo and marketing campaign that included tote bags with a theme of the online travel agency helping people plan all parts of their trip. The logo was done by brand consultant Saffron. Despegar Skift Take: Some religions take it on faith that their messiah will come, but they stoically […]

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Despegar Surfs Rising Wave of Mobile Travel Bookings in Latin America

Damián Scokin, CEO of Despegar, speaking at a travel industry event. In 2018, Despegar, Latin America’s largest online travel agency, reported $531 million in revenue, which was flat year-over-year growth. Yordi Muñoz Rivera / Despegar Skift Take: The Argentine economic crisis continues to drag on Despegar, but the online travel agency’s continuous investment in mobile […]