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 … [Read more…]

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 … [Read more…]

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 … [Read more…]