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Despegar ( (DESP) ) has shared an announcement.
On January 29, 2025, Despegar announced a strategic partnership with HBX Group to integrate HBX’s European and North American non-air inventory into its platform. This collaboration aims to enhance Despegar’s service offerings by providing a broader range of accommodations and travel solutions, potentially impacting its competitive positioning in the travel industry. The partnership includes specific booking targets and financial commitments, which could affect Despegar’s operations and stakeholder interests over the next eight and a half years.
More about Despegar
Despegar is the leading travel technology company in Latin America, operating in 19 countries across the region. For over two decades, it has leveraged technology to revolutionize the tourism industry by developing alternative payment and financing methods, thus democratizing access to travel experiences for Latin Americans. Despegar’s common shares are traded on the New York Stock Exchange.
YTD Price Performance: 0.89%
Average Trading Volume: 1,813,049
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.61B
See more insights into DESP stock on TipRanks’ Stock Analysis page.
