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Despegar.com, Corp. - DESP STOCK NEWS

Welcome to our dedicated page for Despegar.com news (Ticker: DESP), a resource for investors and traders seeking the latest updates and insights on Despegar.com stock.

Despegar.com, Corp. (DESP) is the leading online travel agency in Latin America, established in 1999. Over the years, Despegar has become one of the top five traditional travel agencies on the continent, specializing in holiday travel. The company offers a comprehensive one-stop-shop for both leisure and corporate travel needs.

Through its user-friendly platform at www.despegar.com, customers can access over 500 airlines, 70 car rental agencies, and thousands of travel packages worldwide. Additionally, Despegar.com boasts a vast inventory of 150,000 hotels, the largest online available in the market. Users are supported by specialized phone service available in three languages: Spanish, English, and Portuguese.

Despegar.com's product offerings include airline tickets, travel packages, hotel accommodations, car rentals, bus tickets, cruise tickets, travel insurance, and destination services. The company operates through two primary segments: Air, which involves the sale of airline tickets, and Packages, Hotels, and Other Travel Products, which encompasses all other travel-related products and services.

In terms of geographical segments, Despegar.com has a strong presence in Argentina, Brazil, Uruguay, Mexico, and several other countries in Latin America. The company leverages a robust technology platform to manage product distribution and connect users with a wide network of travel suppliers. This ensures a seamless experience for customers looking to find, compare, plan, and purchase travel products easily.

Despegar.com is also committed to innovation and dynamic work culture. For those interested in joining their team, the latest job opportunities can be found at http://despegar.bumeran.com.

Stay updated with the latest news and developments of Despegar.com to make informed decisions about your investments.

Rhea-AI Summary
Despegar.com, Corp. (NYSE: DESP) announced unaudited financial results for Q2 2023. Revenues increased 23% YoY to $165.5 million, reaching a record quarterly level. Total Adjusted EBITDA increased 183% YoY to $30.0 million. Net Income was $28.0 million, the first positive quarter since 2019. Loyalty Program members increased 194% YoY to 16.9 million.
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Despegar.com (NYSE: DESP), Latin America's leading online travel company, reported 4Q22 results showing a 10% year-over-year increase in Gross Bookings to $1.1 billion. Revenue rose 17% to $145.5 million, while Total Adjusted EBITDA increased 39% to $12.5 million. Despite a 15% decline in transactions, the Average Selling Price soared 29%. The company anticipates 2023 revenues between $640 million and $700 million and Adjusted EBITDA of $80 million to $100 million, assuming a recovery in travel demand.

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Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, announced the resignation of CFO Alberto Lopez Gaffney effective March 17, 2023. The Board is searching for a permanent CFO while Maria Bettina Zubin, the current Controller, will serve as Interim CFO. CEO Damian Scokin expressed gratitude for Lopez Gaffney's contributions during his tenure, particularly during the Covid-19 pandemic. Despegar is set to release its full financial results for Q4 2022 on March 16, 2023, followed by a conference call to discuss future outlooks.

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Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, will report its Fourth Quarter 2022 results on Thursday, March 16, before market opening. A conference call is scheduled for the same day at 10:00 a.m. Eastern Time. The quiet period extends from February 27 to March 16, 2023.

Despegar operates in 20 countries and has impacted the tourism industry for over two decades, serving more than 29 million customers through brands like Despegar, Decolar, and Best Day.

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FAQ

What is the current stock price of Despegar.com (DESP)?

The current stock price of Despegar.com (DESP) is $14.86 as of November 14, 2024.

What is the market cap of Despegar.com (DESP)?

The market cap of Despegar.com (DESP) is approximately 1.1B.

What is Despegar.com, Corp.?

Despegar.com, Corp. is the leading online travel agency in Latin America, offering a wide range of travel-related products including airline tickets, travel packages, hotel accommodations, and more.

What products and services does Despegar.com offer?

Despegar.com offers airline tickets, travel packages, hotel accommodations, car rentals, bus tickets, cruise tickets, travel insurance, and destination services.

In which regions does Despegar.com operate?

Despegar.com has a strong presence in Argentina, Brazil, Uruguay, Mexico, and several other countries across Latin America.

How can I access Despegar.com's services?

You can access Despegar.com's services through their website at www.despegar.com, where you can browse and purchase travel products.

Does Despegar.com offer customer support?

Yes, Despegar.com offers specialized phone support in three languages: Spanish, English, and Portuguese.

What are the main segments of Despegar.com's operations?

Despegar.com operates through two main segments: Air (airline tickets) and Packages, Hotels, and Other Travel Products (including travel packages, hotel rooms, car rentals, and more).

How does Despegar.com manage its product distribution?

Despegar.com uses a robust technology platform to manage the distribution of its travel products and connect users with a wide network of travel suppliers.

Is Despegar.com hiring?

Yes, Despegar.com is always on the lookout for dynamic and innovative team members. You can find the latest job opportunities at http://despegar.bumeran.com.

Can I find travel packages on Despegar.com?

Yes, Despegar.com offers thousands of travel packages worldwide, catering to both leisure and corporate travel needs.

How can I stay updated with the latest news about Despegar.com?

You can stay updated by visiting news sections on financial and stock market websites, or by following Despegar.com on their official channels.

Despegar.com, Corp.

NYSE:DESP

DESP Rankings

DESP Stock Data

1.06B
66.65M
26.89%
96.43%
8.37%
Travel Services
Consumer Cyclical
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United States of America
Road Town