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 … [Read more…]

In Latest Brexit Woe, UK’s On the Beach Travel Sales Plunge

Some banknotes from the United Kingdom. On the Beach Group shares plunged after the UK-based online seller of package vacations warned full-year profit will miss expectations because of the weakening pound. Bloomberg Skift Take: A drop in the value of the British pound relative to the euro and the dollar is pressuring On the Beach. … [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…]

Saudi Arabian Travel Firm Al Tayyar Aims to Expand

An agent checks in a customer at a Dubai, United Arab Emirates-based travel agency branded Al Tayyar Travel. The company has been focusing on finding new revenue and profit streams, and it may sell a business unit to Uber, Bloomberg reports. Al Tayyar Travel Group Skift Take: One of the kingdom’s largest travel companies, Al … [Read more…]