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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 may also make potential acquisition targets cheaper for Despegar, the region’s largest online travel agency.

— Sean O’Neill

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