Despegar.com, Corp. (NYSE:DESP), (“Despegar”), the leading online
travel company in Latin America today announced that on June 7th
it has completed the previously announced acquisition of Viajes
Falabella in Chile, Perú and Argentina.
As expected however, Viajes Falabella Colombia’s operations, have not
yet completed the customary closing conditions for transactions of this
type, including approval of the relevant antitrust authority.
The acquisition of Viajes Falabella provides customers of both companies
with access to an enhanced travel and tourism product and service
offering, wherever and however they want to book travel (Mobile, online,
Apps, call center and store-within-store locations). In addition,
customers will be able to access exclusive discounts, earn double CMR
Points Falabella’s loyalty program, both at Viajes Falabella and
Despegar, as well as an expanded product offering in exchange for CMR
Points at Viajes Falabella.
“We are pleased that we were able to quickly close on this
transaction and look forward to providing additional services to all of
our customers,” stated Damian Scokin, Chief Executive Officer of
Despegar is the leading online travel company in Latin America. With
over two decades of business experience and operating in 20 countries in
the region, Despegar accompanies Latin American travelers from the
moment they dream of taking a trip until they share their memories of
that trip. Thanks to the strong commitment to technological development
and customer service, Despegar offers a tailor-made experience to more
than 18 million customers.
Despegar’s websites and leading mobile apps, offer products from over
300 airlines, more than 520,000 accommodation options, as well as
approximately 1,100 car rental agencies and approximately 240
destination services suppliers with more than 8,700 activities
throughout Latin America. The Company owns and operates two
well-recognized brands, Despegar, its global brand, and Decolar, its
Brazilian brand. Despegar is traded on the New York Stock Exchange
(NYSE: DESP). For more information, please visit www.despegar.com.
This press release includes forward-looking statements. We base these
forward-looking statements on our current beliefs, expectations and
projections about future events and financial trends affecting our
business and our market. Many important factors could cause our actual
results to differ substantially from those anticipated in our
forward-looking statements. Forward-looking statements are not
guarantees of future performance. Forward-looking statements speak only
as of the date they are made, and we undertake no obligation to update
publicly or to revise any forward-looking statements.