Despegar (DESP) has released an update.
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Despegar.com, a leading travel technology company in Latin America, reported a 94% increase in its third-quarter 2024 adjusted EBITDA, reaching a record $48 million, despite facing foreign exchange challenges. The company’s revenues rose by 9% year-over-year, driven by strong demand and strategic partnerships, including a renewed agreement with Expedia and a new SaaS partnership with Karisma Hotels & Resorts. Despegar also reported a significant increase in its loyalty program members and app transactions, highlighting its robust growth and market resilience.
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