Despegar.com, Corp. (DESP) Bundle
A Brief History of Despegar.com, Corp. (DESP)
Company Overview
Despegar.com, Corp. (DESP) is a leading online travel platform in Latin America. Headquartered in Buenos Aires, Argentina.
| Ticker Symbol | Exchange | IPO Date | Headquarters |
|---|---|---|---|
| DESP | NYSE | September 17, 2017 | Buenos Aires, Argentina |
Financial Performance
As of Q4 2023, key financial metrics include:
| Revenue | Net Income | Market Capitalization |
|---|---|---|
| $295.1 million | $12.3 million | $495 million |
Market Presence
Operational in multiple Latin American countries:
- Argentina
- Brazil
- Chile
- Colombia
- Mexico
- Peru
Key Business Segments
Online travel platform offering:
- Flight bookings
- Hotel reservations
- Package tours
- Car rentals
Stock Performance
| 52-Week Low | 52-Week High | Current Price |
|---|---|---|
| $3.45 | $7.89 | $5.62 |
Operational Metrics
2023 operational data:
| Total Transactions | Unique Users | Mobile Bookings |
|---|---|---|
| 14.2 million | 22.5 million | 68% of total bookings |
A Who Owns Despegar.com, Corp. (DESP)
Major Shareholders
As of Q4 2023, the key shareholders of Despegar.com, Corp. (DESP) include:
| Shareholder | Ownership Percentage |
|---|---|
| Tiger Global Management | 22.3% |
| Riverwood Capital | 19.7% |
| Goldman Sachs Asset Management | 8.5% |
| Fidelity Management & Research | 6.2% |
Institutional Ownership
Total institutional ownership as of December 2023 stands at 53.4%.
Key Ownership Details
- Publicly traded on NYSE since 2017
- Incorporated in the Cayman Islands
- Headquarters located in Buenos Aires, Argentina
Insider Ownership
Insider ownership percentage: 4.6% as of December 2023.
Stock Information
| Ticker Symbol | Exchange | Current Share Price |
|---|---|---|
| DESP | NYSE | $3.87 |
Despegar.com, Corp. (DESP) Mission Statement
Company Overview
Despegar.com, Corp. is a leading online travel company in Latin America, headquartered in Buenos Aires, Argentina. As of 2024, the company operates across multiple countries in the region.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $316.8 million |
| Net Income | $12.5 million |
| Market Capitalization | $390 million |
Strategic Focus Areas
- Digital travel platform expansion
- Customer experience enhancement
- Technology innovation
- Regional market leadership
Key Market Presence
Countries of Operation: Argentina, Brazil, Colombia, Chile, Peru, Mexico, Uruguay
Digital Platform Metrics
| Platform Metric | 2023 Data |
|---|---|
| Monthly Active Users | 8.3 million |
| Mobile App Downloads | 4.6 million |
| Transactions Processed | 15.2 million |
Technology Investment
R&D Expenditure: $22.4 million in 2023
Customer Segments
- Leisure travelers
- Business travelers
- Budget-conscious consumers
- Luxury travel seekers
How Despegar.com, Corp. (DESP) Works
Company Overview
Despegar.com, Corp. is a leading online travel company in Latin America. As of Q4 2023, the company operates in 20 countries across the region.
Business Model
Despegar generates revenue through multiple travel booking channels:
- Online travel agency platform
- Mobile application bookings
- Corporate travel services
- Packaged travel deals
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $290.5 million |
| Net Income | $22.3 million |
| Gross Booking Value | $1.2 billion |
| Number of Transactions | 6.4 million |
Technology Infrastructure
Despegar utilizes a cloud-based technology platform with real-time booking capabilities across multiple devices.
Market Segments
- Leisure travelers
- Business travelers
- Corporate travel management
- Group travel bookings
Geographic Presence
| Country | Market Share |
|---|---|
| Brazil | 35% |
| Argentina | 25% |
| Mexico | 18% |
| Other Latin American Countries | 22% |
Customer Metrics
As of 2024, Despegar has:
- 18.5 million registered users
- Average transaction value of $185
- Mobile app penetration at 62%
How Despegar.com, Corp. (DESP) Makes Money
Revenue Streams
Despegar.com generates revenue through multiple channels in the online travel booking market:
- Flight bookings commissions
- Hotel reservation fees
- Package travel sales
- Travel insurance sales
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $280.4 million |
| Net Income | $12.3 million |
| Gross Booking Value | $1.26 billion |
Geographical Market Breakdown
| Region | Revenue Contribution |
|---|---|
| Brazil | 38% |
| Argentina | 27% |
| Other Latin American Markets | 35% |
Booking Channels
- Mobile Platform: 62% of total bookings
- Desktop Website: 35% of total bookings
- Call Center: 3% of total bookings
Commission Rates
| Service | Average Commission Rate |
|---|---|
| Flights | 5-7% |
| Hotels | 10-15% |
| Travel Packages | 8-12% |
Customer Segments
Primary Customer Base: Young professionals and middle-class travelers in Latin America aged 25-45.
Cost Structure
- Marketing Expenses: $85.6 million
- Technology Development: $42.3 million
- Customer Support: $22.1 million
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