It has been on the rise for four consecutive periods
RR | Buenos Aires | May 20, 2024
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RELATED TOPICS: Buenos Aires, Damián Scokin, Take off, Financial results
Despegar presented its financial results corresponding to the first quarter of 2024, where it reported a new period of sustained growth. Gross bookings amounted to 1.3 billion dollars, 12% more than in the same period of the previous year, driven by solid commercial execution and a strong demand environment in its key markets: Brazil and Mexico. (Despegar privileges Brazil and Mexico to grow in the region)
The company states that “in line with our omnichannel strategy, we continue to focus efforts on our Apps, which continue to be a central axis of the business and great allies when planning Trips, reaching 48.9% of total transactions in the quarter, an absolutely record, with a growth of 36.1% year-on-year.”
Likewise, significant growth was recorded in the B2B business and White Label solutions, which together represented 17% of Gross Bookings, with a year-on-year increase of 208 percentage points.
Damián Scokin, CEO of Despegar, said: “In this first quarter, we have consolidated our strong close to 2023 by continuing to drive strong revenue growth. Our ability to deliver compelling value and a superior customer experience through our technology platform, along with the most comprehensive range of payment options in Latin America, continues to position us as the leading Travel technology company in the region.”
Internationally, Flight searches grew by 90% compared to the previous week. Madrid, Miami and Rio de Janeiro top the ranking of the most chosen to Travel abroad in the country, as reported REPORTUR.com.ar (Almundo: international ticket sales lead the Hot Sale)
