Despegar.com, Corp.
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- Despegar.com, Corp. (NYSE: DESP) operates as Latin America's leading online travel company, offering a comprehensive one-stop marketplace for leisure and corporate travelers to search, compare, and book travel products through websites and mobile applications. The company provides airline tickets; travel packages; hotel rooms; car rentals; bus, cruise, and destination services tickets; travel insurance products; and other travel-related services across three main segments: Air, Packages, Hotels, and Other Travel Products, and Financial Services, including loan origination, payment processing via its Koin platform, fraud identification, credit scoring, IT services, and advertising solutions for third-party merchants. It markets these offerings under brands such as Despegar, Decolar (Brazil), Best Day, BD Experience, Viajanet, Stays, and HotelDo, while also delivering B2B white-label solutions and a technology platform for travel suppliers, complemented by its AI travel assistant Sofia. Founded in 1999 and headquartered in Road Town, British Virgin Islands, with operational bases in Buenos Aires, Argentina, Despegar serves over 20 countries primarily in Latin America and the United States, catering to diverse customer needs with localized platforms, 24/7 multilingual support, and loyalty programs. In recent developments, Prosus N.V. completed its acquisition of Despegar in May 2025 for $19.50 per share in an all-cash transaction valued at approximately $1.7 billion, positioning the company as a subsidiary to accelerate innovation, expand its lifestyle ecommerce ecosystem, and leverage AI and fintech synergies across Latin America. Earlier in 2025, Despegar launched a partnership with HBX Group to broaden lodging options in travel packages; redefined its Expedia agreement via a 10-year lodging outsourcing deal for enhanced sourcing flexibility; and signed its first aaS partnership with Karisma Hotels & Resorts to license Sofia for guest experience enhancements and new revenue streams. These strategic moves, including streamlining its merchant card business, underscore Despegar's focus on core growth, B2B expansion, and technological advancements amid a post-pandemic travel rebound.
Prosus and Despegar Complete Acquisition
Prosus and Despegar Complete Acquisition
Despegar.com Announces 4Q24 and FY24 Financial Results
Despegar.com: B2B Expansion, But Caution Due To Investigations In Brazil
Despegar and HBX Group Enter Into a Strategic Partnership
Assessing Prosus' Value After The Despegar Acquisition And Tencent's Correction
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Despegar.com, Corp. - DESP
Prosus buys Despegar for $1.7B, taking a bite out of Latin America's travel sector
Shareholder Alert: Ademi LLP investigates whether Despegar.com, Corp. is obtaining a Fair Price for its Public Shareholders
Prosus to buy Latin American online travel agency Despegar.com for $1.7 bln
Prosus to Acquire Latin America's Leading Online Travel Agency, Despegar, for US$1.7bn
Prosus to Acquire Latin America's Leading Online Travel Agency, Despegar, for US$1.7bn
Despegar.com Enters Into Merger Agreement to Be Acquired by Prosus for $19.50 Per Share in Cash
What Makes Despegar.com (DESP) a Strong Momentum Stock: Buy Now?
Despegar.com's Growth Outlook Is Fairly Valued
Is Despegar.com (DESP) Stock Outpacing Its Transportation Peers This Year?
L Catterton Latin America Makes Strategic Investment in WeVets
Despegar.com Announces 3Q24 Financial Results
Despegar.com to Announce Third Quarter 2024 Financial Results on November 14, 2024
Despegar Licenses its AI Technology to Karisma Hotels & Resorts