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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.
Despegar.com, Corp. (NYSE: DESP) reported 2Q21 financial results, highlighting a 32% QoQ increase in Gross Bookings to $488.9 million and a staggering 899% YoY rise. Revenues reached $63.1 million, up 22% QoQ, rebounding from a negative $9.7 million in 2Q20. Adjusted EBITDA losses narrowed to $22.3 million, compared to $57.4 million in 2Q20. Mobile transactions accounted for 45% of total, a 4 percentage point increase from 2Q19. The company launched a loyalty program in Mexico in July 2021, aiming to capitalize on increasing travel demand, especially in Mexico and Colombia.
Despegar.com, Corp. (NYSE: DESP) will release its Second Quarter 2021 financial results on August 19, 2021, before market opens. A conference call scheduled for the same day at 8:00 a.m. ET will discuss results. The company will enter a quiet period from August 4 to August 19. Despegar is a leading online travel company in Latin America, serving over 18 million customers with comprehensive travel options, including flights, accommodations, and activities.
Despegar.com reported 1Q21 results, showing a strong pandemic impact. Gross Bookings fell 53% YoY to $369.2 million, with Revenue down 32% to $51.9 million. Adjusted EBITDA was a loss of $20.0 million. Despite challenges, the company maintained a solid cash position of $325.7 million. The CEO noted improvements in Mexico and Andean regions, and emphasized a focus on profitability amid ongoing travel demand uncertainties. The company expects continued stagnation in recovery through 2Q21 but remains optimistic about future demand growth.
Despegar.com, Corp. (NYSE: DESP) will report its First Quarter 2021 results on May 19, 2021, before the market opens. A conference call will follow at 8:00 a.m. Eastern Time on the same day. The company will enter a quiet period from May 11 through May 19, 2021. Despegar, a leading online travel company in Latin America, offers services across 20 countries, catering to over 18 million customers with products from over 270 airlines and more than 690,000 accommodation options.
Despegar.com, Corp. (NYSE: DESP) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 30, 2021. This report is accessible on Despegar's website and at the SEC's site. Despegar, a leading online travel company in Latin America, serves over 18 million customers across 20 countries. It offers over 690,000 accommodations and products from 270 airlines, alongside various travel services. More information can be found at www.despegar.com.
Despegar.com reported 4Q20 results, showing a 354% increase in revenues to $53.2 million QoQ, though down 63% YoY. Transactions grew 111% QoQ, totaling 1.3 million, but declined 56% YoY. Gross bookings reached $401.3 million, up 143% QoQ yet down 69% YoY. Adjusted EBITDA loss decreased to $21.4 million from $33.7 million QoQ. The company maintained a solid cash position of $350.5 million. CEO Damian Scokin noted improvements despite ongoing challenges, emphasizing the potential for a bumpy recovery in travel demand due to COVID-19 impacts.
Despegar.com, Corp. (NYSE: DESP), the top online travel company in Latin America, is set to release its Fourth Quarter 2020 financial results on March 11, 2021, before the market opens. A conference call will follow at 8:00 a.m. ET on the same day. The company is currently in a quiet period from February 22 to March 11, 2021. Despegar serves over 18 million customers and operates in 20 countries across the region, offering a wide range of travel services including flights, accommodations, and activities.
Despegar.com (NYSE: DESP) announced its Q3 2020 results, reporting gross bookings of $165.3 million, a significant 86% decline YoY, though a 229% increase sequentially. Revenue was $11.7 million, down 91% YoY but up from negative revenue in Q2. Adjusted EBITDA loss improved to $33.7 million from $65.8 million in Q2. The company has a solid cash position of $386 million after a $200 million capital raise. Despegar completed the acquisition of Best Day Travel Group, which is expected to enhance its domestic travel focus, especially in Mexico amidst ongoing travel restrictions in other regions.
Despegar.com, Corp. (NYSE: DESP), Latin America's leading online travel company, will announce its Q3 2020 results on November 12, 2020, before the market opens. A conference call will follow at 8:00 a.m. Eastern Time. The company is currently in a quiet period from October 28 to November 12, 2020. Despegar serves over 18 million customers, offering a wide array of travel services, including flights, accommodations, and car rentals, through its platforms.
Despegar.com (NYSE:DESP) has successfully acquired Best Day Travel Group, a leading Mexican travel agency, as of October 1, 2020. The acquisition, valued at approximately US$56.5 million, positions Despegar to enhance its offerings in the Hotels, Packages, and Other Travel Products segment, particularly benefiting from Best Day's strong market presence. Best Day generated approximately US$140 million in revenue in 2019, with 95% from its core segments. The deal includes a potential additional payment based on share performance, facilitating a cash-preserving strategy amidst ongoing global travel challenges.
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