Damian Scokin, CEO of Despegar, joins NYSE Floor Talk

Описание: About Despegar:

We are the #1 online travel company in Latin America, widely known by the market leading brands Despegar, our global brand, and Decolar, our Brazilian brand. In Mexico we operate under the leading Best Day, BD Experience and HotelDo brands, which we acquired in October 2020. Koin is our Brazil-based BNPL and consumer lending services platform that we acquired in August 2020.

Despegar has a comprehensive product offering, including airline tickets, travel packages, hotels and vacation rentals, among other travel-related services, which enables consumers to seamlessly find, compare, plan, purchase and finance travel products through our marketplace.

We are a one-stop travel marketplace, providing a fast, easily searchable, transparent and seamless travel experience. We also offer flexible payment solutions that are essential to Latin American travelers. Our deep local expertise provides us with a key competitive advantage versus global players who do not have the same level of familiarity with the region's complex and fragmented travel market. In addition, we provide our network of travel suppliers a robust technology platform for managing the distribution of their travel products and accessing our large customer base. We believe that our focus on the underpenetrated Latin American online travel market, our intimate knowledge of the consumer and supplier landscapes in the region, and our proven ability to manage the business successfully through economic cycles will enable us to maintain our market-leading position.

Since Despegar's launch in 1999, when we were focused on the sale of airline tickets only, we have successfully expanded to offer products from approximately 238 airlines, 660,000 hotels, 1,260 car rental agencies and 800 destination services providers throughout Latin America. Our Award Winning mobile app had 60.1 million cumulative downloads as of December 2021, making it the most downloaded travel app in the region. Mobile, which includes both mobile web and mobile apps, accounts for approximately 71% of our user visits and 46% of our transactions.

Despegar benefits from a strong virtuous cycle - We are an essential partner to a supplier base that is highly fragmented and in need of local online distribution. In turn, travel suppliers help us attract new customers with continually enhanced product offerings.

Our mission is to create the best travel experiences to enrich people's lives, and we believe Despegar has a long runway of growth. Online travel is a large and rapidly growing market in Latin America that remains significantly underpenetrated relative to most other markets in the world. With a population approximately twice the size of the United States, an expanding middle class and increasing adoption of online and mobile services, our market continues growing at a rapid pace.