Despegar.com, Corp. Overview
Pro stress-test →Despegar.com operates an online travel agency platform offering airline tickets, hotel bookings, vacation packages, and other travel-related services across Latin America. It serves consumers through websites and mobile applications and is headquartered in Buenos Aires, Argentina. The company is Latin America's leading travel technology company.
Strategic Profile
Pro stress-test →Despegar achieved FY24 revenue growth of 10% YoY with adjusted EBITDA increasing 52% YoY. The business is diversifying beyond air travel, with packages, hotels and other travel products growing 13% and financial services increasing 25%. The company was acquired by Prosus in a $19.50 per share transaction, with completion following approval by Despegar's board and shareholders and receipt of all regulatory clearances.
Competitive Landscape
Pro stress-test →Despegar competes with major global OTA platforms including Expedia, Booking.com, and regional competitors. The company has a 10-year lodging outsourcing agreement with Expedia starting January 1, 2025, which is expected to boost profitability. Its competitive advantage lies in deep regional expertise and mobile-first approach in Latin America.
Industry Context
Despegar.com, Corp. operates in Online Travel Agency (OTA) / E-commerce Travel Services.
Key facts
Founded: 1999 · Headquarters: Buenos Aires, Argentina · Revenue: $0.77B (TTM as of March 2026) · Market cap: $1.63B (pre-acquisition)