Despegar Divests Destination Services Business Unit, Driving Further Focus On Its Core Growth Strategies
Despegar.com (NYSE: DESP), Latin America's leading travel technology company, has announced a strategic alliance with World2Meet, the travel division of Iberostar Group. As part of this alliance, World2Meet has acquired Despegar's Destination Management Company (DMC) BDExperience, effective August 1, 2024. World2Meet will now operate as a preferred partner for Despegar in providing destination services in Mexico and the Dominican Republic.
This divestiture aligns with Despegar's focus on key long-term growth strategies, improving operational efficiency, and maximizing return on capital. It allows the company to concentrate resources on its core business and strengthen its organic growth profile. BDExperience, with over 30 years of experience in the travel industry, specializes in airport transfers, tours, and personalized tourist assistance. The transaction will result in the transfer of nearly 600 BDExperience employees from Despegar to World2Meet.
Despegar.com (NYSE: DESP), la principale azienda di tecnologia per il viaggio in America Latina, ha annunciato un'alleanza strategica con World2Meet, la divisione viaggi del Gruppo Iberostar. Nell'ambito di questa alleanza, World2Meet ha acquisito la Destination Management Company (DMC) BDExperience di Despegar, con effetto dal 1° agosto 2024. World2Meet opererà ora come partner privilegiato di Despegar per fornire servizi di destinazione in Messico e nella Repubblica Dominicana.
Questa dismissione è in linea con l'attenzione di Despegar su strategia di crescita a lungo termine strategiche, miglioramento dell'efficienza operativa e massimizzazione del ritorno sul capitale. Permette alla società di concentrare le risorse sul proprio core business e rafforzare il profilo di crescita organica. BDExperience, con oltre 30 anni di esperienza nel settore dei viaggi, si specializza in trasferimenti aeroportuali, tour e assistenza turistica personalizzata. La transazione comporterà il trasferimento di quasi 600 dipendenti di BDExperience da Despegar a World2Meet.
Despegar.com (NYSE: DESP), la empresa líder en tecnología de viajes en América Latina, ha anunciado una alianza estratégica con World2Meet, la división de viajes del Grupo Iberostar. Como parte de esta alianza, World2Meet ha adquirido la Destination Management Company (DMC) BDExperience de Despegar, con efecto desde el 1 de agosto de 2024. World2Meet ahora operará como socio preferido de Despegar para ofrecer servicios de destino en México y República Dominicana.
Esta desinversión se alinea con el enfoque de Despegar en estrategias clave de crecimiento a largo plazo, mejora de la eficiencia operativa y maximización del retorno de capital. Permite a la empresa concentrar recursos en su negocio principal y fortalecer su perfil de crecimiento orgánico. BDExperience, con más de 30 años de experiencia en la industria de viajes, se especializa en traslados aeroportuarios, tours y asistencia turística personalizada. La transacción resultará en la transferencia de casi 600 empleados de BDExperience de Despegar a World2Meet.
Despegar.com (NYSE: DESP)는 라틴 아메리카의 선두 여행 기술 회사로, Iberostar 그룹의 여행 부서인 World2Meet와 전략적 제휴를 발표했습니다. 이 제휴의 일환으로, World2Meet는 Despegar의 목적지 관리 회사(DMC)인 BDExperience를 인수했습니다, 효력 발생일은 2024년 8월 1일입니다. World2Meet는 이제 멕시코와 도미니카공화국에서 목적지 서비스를 제공하기 위해 Despegar의 우선 파트너로 운영될 것입니다.
이번 매각은 장기적인 성장 전략, 운영 효율 개선 및 자본 수익 극대화에 대한 Despegar의 초점과 일치합니다. 이는 회사가 핵심 사업에 자원을 집중하고 유기적 성장 프로필을 강화할 수 있게 합니다. BDExperience는 30년 이상의 여행 산업 경험을 바탕으로 공항 환승, 투어 및 개인 맞춤형 관광 지원을 전문으로 하고 있습니다. 이 거래는BDExperience의 거의 600명의 직원이 Despegar에서 World2Meet로 이동하는 결과를 가져올 것입니다.
Despegar.com (NYSE: DESP), le leader de la technologie du voyage en Amérique Latine, a annoncé une alliance stratégique avec World2Meet, la division voyages du groupe Iberostar. Dans le cadre de cette alliance, World2Meet a acquis la société de gestion de destination (DMC) BDExperience de Despegar, effective à partir du 1er août 2024. World2Meet opérera désormais comme partenaire privilégié de Despegar pour fournir des services de destination au Mexique et en République dominicaine.
Cette cession s'inscrit dans la stratégie de Despegar axée sur les stratégies de croissance à long terme, l'amélioration de l'efficacité opérationnelle et la maximisation du retour sur capital. Elle permet à l'entreprise de concentrer ses ressources sur son cœur de métier et de renforcer son profil de croissance organique. BDExperience, forte de plus de 30 ans d'expérience dans l'industrie du voyage, se spécialise dans les transferts aéroportuaires, les visites et l'assistance touristique personnalisée. La transaction entraînera le transfert d'environ 600 employés de BDExperience de Despegar à World2Meet.
Despegar.com (NYSE: DESP), das führende Reise-Technologieunternehmen in Lateinamerika, hat eine strategische Allianz mit World2Meet, der Reiseabteilung der Iberostar-Gruppe, angekündigt. Im Rahmen dieser Allianz hat World2Meet die Destination Management Company (DMC) BDExperience von Despegar übernommen, wirksam ab dem 1. August 2024. World2Meet wird nun als bevorzugter Partner von Despegar tätig sein, um Destination-Dienste in Mexiko und der Dominikanischen Republik anzubieten.
Dieser Verkauf steht im Einklang mit Despegars Fokus auf wichtige langfristige Wachstumsstrategien, Verbesserung der betrieblichen Effizienz und Maximierung des Kapitaleinsatzes. Er ermöglicht es dem Unternehmen, Ressourcen auf sein Kerngeschäft zu konzentrieren und sein organisches Wachstum zu stärken. BDExperience, das über 30 Jahre Erfahrung in der Reisebranche verfügt, spezialisiert sich auf Flughafentransfers, Touren und persönliche Reiseunterstützung. Die Transaktion wird den Transfer von fast 600 BDExperience-Mitarbeitern von Despegar zu World2Meet zur Folge haben.
- Strategic alliance formed with World2Meet, potentially expanding market reach
- Divestiture allows focus on core business and strengthens organic growth profile
- Improved operational efficiency and capital allocation
- Loss of revenue stream from DMC BDExperience
- Reduction in workforce by nearly 600 employees
Insights
Despegar's strategic divestiture of BDExperience to World2Meet marks a significant shift in the company's operational focus. This move aligns with Despegar's strategy to streamline operations and concentrate on core growth areas. By divesting its Destination Management Company, Despegar is likely to improve its capital allocation and operational efficiency.
The transaction's financial impact remains undisclosed, but the transfer of 600 employees suggests potential cost savings in human resources and operational expenses. This could lead to improved profit margins in the medium term. However, investors should monitor how Despegar plans to reinvest these resources and the potential impact on revenue streams previously generated by BDExperience.
The strategic alliance with World2Meet as a preferred partner for destination services in Mexico and the Dominican Republic indicates that Despegar aims to maintain its service offerings while reducing operational complexity. This approach could potentially enhance Despegar's competitive position in the Latin American travel market by allowing it to focus on its technology-driven core business.
Despegar's divestiture of BDExperience reflects a broader trend in the travel industry towards asset-light models and focus on core competencies. By partnering with World2Meet, Despegar can leverage the expertise of a specialized destination management company while concentrating on its strengths in travel technology and online bookings.
This strategic move could potentially enhance Despegar's market position in Latin America by allowing it to allocate more resources to its digital platforms and customer acquisition strategies. The travel tech sector is highly competitive and this focused approach may help Despegar maintain its edge.
Investors should consider the long-term implications of this strategy shift. While it may result in some short-term revenue adjustments, the potential for improved scalability and higher-margin growth in Despegar's core business could outweigh these concerns. The success of this move will largely depend on how effectively Despegar capitalizes on its newfound focus and resources to drive growth in its primary markets.
In line with Despegar’s focus on key long-term growth strategies, improving operational efficiency and maximizing return on capital, the divestiture of DMC enables the Company to better concentrate resources on its core business and further strengthen its organic growth profile.
Despegar’s DMC, operating under the BDExperience brand, is a destination management company with over 30 years of experience in the travel industry, specializing in airport transfers, private and group tours, and personalized assistance for tourists.
As a result of the transaction, nearly 600 BDExperience employees will transfer from Despegar to World2Meet.
About Despegar.com
Despegar is the leading travel technology company in
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/20240815939829/en/
IR Contact
Luca Pfeifer, Investor Relations
Phone: (+1) 305 481 1785
E-mail: luca.pfeifer@despegar.com
Source: Despegar.com, Corp.
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