Despegar.com, Corp.
investor.despegar.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 20-F, filed Apr 30, 2025. Its latest SEC filing is a EFFECT from May 27, 2025.
20-F for FY2024, filed Apr 30, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Sells airline tickets, hotel stays and travel packages to Latin American travelers through online booking platforms. Also provides financial services to travelers and other merchants.
20-F for FY2024, filed Apr 30, 2025We offer a wide range of travel and travel-related products catering mostly to the needs of Latin Americans traveling domestically, to…View ↗
Our comprehensive product offering is organized into three segments: (1) Air, which consists of the sale of airline tickets, (2) Packages…View ↗
Our Air segment consists of sales of airline tickets, primarily targeted at leisure travelers in Latin America, including domestic travel…View ↗
Our financial services business is comprised of one reportable segment: “Financial Services”. Our “Financial Services” segment primarily…View ↗
How Did They Make Money?
For most bookings, travelers pay Despegar when they book, and Despegar earns commissions from travel suppliers and booking fees from travelers. For pay-at-destination bookings, travelers pay the supplier, which pays Despegar its commission after checkout.
20-F for FY2024, filed Apr 30, 2025We offer traditional travel services on a stand-alone and package basis generally either through the pre-pay/merchant business model…View ↗
Under the Prepay Model, we provide travelers with access to book hotel rooms, airline seats, car rentals and destination services through…View ↗
Under the PAD Model, travelers pay the travel supplier directly at destination and travel suppliers pay us our earned commissions later…View ↗
We generally receive commissions in consideration of our facilitation services. Generally, we charge a service fee to our travelers…View ↗
$774.1M
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20-F for FY2024, filed Apr 30, 2025
$774.1M ↗
Who Were Their Customers?
Leisure travelers, and some business travelers, book through Despegar’s consumer brands. Offline travel agencies use its booking platform, while partners such as banks, airlines, hotels and retailers can offer white-label travel services.
20-F for FY2024, filed Apr 30, 2025We had approximately 4.8 million, 4.6 million and 3.9 million travel customers in the years 2024, 2023 and 2022, respectively, primarily in…View ↗
Through B2C we operate a diverse brand portfolio across the region, implementing effective marketing and pricing strategies geared towards…View ↗
Our B2B solution provides offline travel agencies with numerous distinct advantages. It serves as a comprehensive one-stop shop…View ↗
White Label enables us to seamlessly integrate and launch tailored white-label solutions in record time for any of our partners, such as…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2024 and turned 8 cents into free cash flow.
20-F for FY2024, filed Apr 30, 2025
$123.1MView ↗
20-F for FY2024, filed Apr 30, 2025
$27.9MView ↗
20-F for FY2024, filed Apr 30, 2025
$59.6MView ↗
How Were They Changing?
Grew. Revenue grew 5.9x in 4 years, from $131.3M in FY2020 to $774.1M in FY2024, about 56% a year.
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