Despegar Celebrates 25 Years Transforming Latin America’s Travel Industry Through Innovation

Rhea-AI Summary

Despegar.com, Corp. celebrates its 25th anniversary by ringing the closing bell of the New York Stock Exchange. The Latin American travel technology company has been a pioneer in revolutionizing the region's travel industry through technology. Despegar recently launched SOFIA, an AI-powered travel assistant, to enhance customer experience and expand its market presence.

Senior management team rings closing bell of New York Stock Exchange to celebrate 25th anniversary of Despegar’s founding and its regional leadership in travel technology

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)-- Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the “Company”), Latin America’s leading travel technology company, today announced the celebration of its 25th anniversary with the ringing of the New York Stock Exchange’s closing bell on April 3, 2024.

Since its founding, Despegar has been revolutionizing Latin America’s travel industry through technology. Throughout the Company’s history, it has been the undisputed leader of online travel in the region. Most recently, Despegar launched SOFIA, an AI-powered travel assistant that rapidly, easily and seamlessly assists customers with planning, booking and managing bespoke trips, representing a significant technology leap in online travel.

Damián Scokin, CEO of Despegar, said: "Despegar’s 25-year history is one of consistent technology and product innovations to make travel easier and affordable for Latin Americans. Our latest technology milestone is SOFIA, which is redefining and elevating the customer experience through generative AI. We expect SOFIA to significantly strengthen Despegar’s competitive moat as well as facilitate our penetration of the B2B travel market and countries outside the region. Today, we are the world’s fastest-growing travel tech company. In the future we expect to be the global travel market’s technology leader, too.”

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We base these forward-looking statements on our current beliefs, expectations and projections about future events and trends affecting our business and our market. Many important factors could cause our actual results to differ substantially from those anticipated in our forward-looking statements. Forward-looking statements are not guarantees of future performance. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or to revise any forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. The words “believe,” “may,” “should,” “aim,” “estimate,” “continue,” “anticipate,” “intend,” “will,” “expect” and similar words are intended to identify forward-looking statements. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, capital expenditures, financing plans, competitive position, industry environment, potential growth opportunities, the effects of future regulation and the effects of competition. Considering these limitations, you should not make any investment decision in reliance on forward-looking statements contained in this press release.

About Despegar

Despegar is the leading travel technology company in Latin America. For over two decades, it has revolutionized the tourism industry in the region through technology. With its continuous commitment to the development of the sector, Despegar today is comprised of a consolidated group that includes Despegar, Decolar, Best Day, Viajes Falabella, Viajanet Stays and Koin, and has become one of the largest travel companies in Latin America. Despegar operates in 19 countries in the region, accompanying Latin Americans from the moment they dream of traveling until they share their memories. With the purpose of improving people's lives and transforming the shopping experience, Despegar has developed alternative payment and financing methods, democratizing the access to consumption and bringing Latin Americans closer to their next travel experience. Despegar’s common shares are traded on the New York Stock Exchange (NYSE: DESP). For more information, visit Despegar’s Investor Relations website https://investor.despegar.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20240404287209/en/

IR Contact



Luca Pfeifer

Investor Relations

Phone: (+1) 305 481 1785

E-mail: luca.pfeifer@despegar.com

Source: Despegar.com, Corp.

FAQ

What is the ticker symbol of Despegar.com, Corp.?

The ticker symbol of Despegar.com, Corp. is DESP.

What milestone did Despegar.com, Corp. recently achieve?

Despegar.com, Corp. recently celebrated its 25th anniversary by ringing the closing bell of the New York Stock Exchange.

What is SOFIA launched by Despegar.com, Corp.?

SOFIA is an AI-powered travel assistant launched by Despegar.com, Corp. to assist customers with planning, booking, and managing bespoke trips.

Who is the CEO of Despegar.com, Corp.?

Damián Scokin is the CEO of Despegar.com, Corp.

What is the goal of SOFIA for Despegar.com, Corp.?

SOFIA is expected to strengthen Despegar.com, Corp.'s competitive position, penetrate the B2B travel market, and expand into countries outside the Latin American region.

What does Damián Scokin expect for the future of Despegar.com, Corp.?

Damián Scokin expects Despegar.com, Corp. to become the global travel market's technology leader in the future.