American online travel agency Despegar says its gross bookings in the second
quarter this year - $1.1 billion - were up 129% compared to 2021 and were in line
with Q2 2019 levels.
revenue came in 18% above the second quarter of 2019 to $134.4 million – a 113%
increase compared ot the same period in 2021.
in Q2 this year increased 65% year-over-year to 2.2 million – 90% of the level
in the same quarter of 2019 – and room nights reached 69% of Q2 2019 levels.
EBITDA in the quarter was $10.6 million – the third consecutive positive
quarter for the company.
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“Our winning business model and expanding travel ecosystem are
enabling us to continue effectively capturing rising travel demand,
particularly in Brazil, our largest market,” says Damion Scokin, CEO of
the second quarter Despegar completed its acquisitions of OTA Viajanet
and Stays, a Brazilian vacation rental channel manager.
on our M&A experience, we have been seamlessly integrating these
businesses, in order to achieve revenue, cost and technology synergies,” Scokin
also notes Despegar’s loyalty program, Passporte Despegar, as a driver of
growth, with membership increasing by 2.6 million travelers in Q2 – an 82% jump
from Q1 of this year - to 5.7 million total in the program.
reports transactions in its air travel segment outgrew the recovery in
packages, hotels and other travel products by 33 percentage points. Domestic
gross bookings increased 76% year-over-year, exceeding Q2 2019 levels by 28%,
while international gross bookings increased 200% year-over-year to 85% of the
same quarter in 2019.
accounted for 32% of total transactions in the quarter, Mexico represented 21%
and the rest of Latin America was the remainder.
and marketing expenses in the quarter were $42 million, up 120% year-over-year but
in line as a percentage of gross bookings at about 3.8%.
on current data and trends, we expect travel demand to sustain its recovery
during the remainder of the year. We are aware of the current global
macroeconomic volatility, particularly rising inflation and interest rates,
however we have been operating in this challenging environment during the last
four months and still see travel demand recovering,” Scokin says.