Despegar.com, Corp. (NYSE:DESP) was founded in 1999, formerly known as Decolar.com, Inc. (currently a wholly-owned subsidiary of Despegar.com, Corp.), headquartered in Buenos Aires, Argentina , With 2781 full-time employees (6/30/2017), is an online travel service company that provides a series of travel and travel-related products in Latin America through its website and APP, including: air tickets, luggage, and luggage under the Despegar and Decolar brands Hotels and other travel-related services enable consumers to find, compare, plan and purchase travel products.
Despegar.com, Corp. (DESP):
Despegar.com Corp.’s business is divided into two categories: aviation and travel packages.
- The aviation business is mainly responsible for ticket sales.
- Travel package business includes travel package itinerary sales, hotel reservations, and other vacation travel-related car rental, bus tickets, cruise tickets, travel insurance and other businesses.
Despegar.com Corp. mainly operates related businesses through its subsidiaries in Latin America and the United States. Its business scope covers Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Spain, the United States, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Dominican Republic, Uruguay and Venezuela.
In the first six months ending June 30, 2017, Despegar.com had 2.5 million active customers, a total scheduled amount of US$2.1 billion, and company revenues of US$248.5 million; in the first 12 months ended December 31, 2016 In the middle of the month, Despegar.com had 4 million active customers, with a total scheduled amount of US$3.3 billion and revenue of US$411.2 million.
In 2016, the total online travel booking in Latin America was approximately US$29.7 billion, and it is expected to reach approximately US$47.6 billion by 2020, with an estimated compound annual growth rate (“CAGR”) of 12.5%. According to Euromonitor International forecasts, online travel bookings are expected It is expected to increase from approximately 30% in 2016 to approximately 36% in 2020.
Despegar.com Corp. has the most extensive travel portfolio of online travel agencies (“OTAs”) in Latin America. Global suppliers include more than 250 airlines and more than 300,000 hotels, as well as about 900 car rental agencies and about 250 destinations. More than 7000 activities of local service providers.
In addition, as of June 30, 2017, Despegar.com Corp. accumulated approximately 9 million user evaluations, of which 110 were submitted for the six months ended June 30, 2017 and the year ended December 31, 2016. Million times and 1.9 million times.
Despegar.com, Corp. (DESP) investment:
Despegar.com, Corp. (NYSE:DESP) listed on the New York Stock Exchange on 9/20/2017 IPO, with an issue price of US$26 and 12.77 million shares issued, raising US$332 million, stock code: DESP.