Despegar (DESP) has released an update.
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Despegar.com, a leading Latin American travel tech company, has signed a new 10-year Lodging Outsourcing Agreement with Expedia Group, enhancing business relations and growth prospects. The agreement, effective from January 1, 2025, allows Despegar to optimize its lodging supply, pursue growth initiatives, and establish new strategic partnerships. It also provides Expedia with a guaranteed share of Despegar’s hotel bookings and exclusive distribution rights in Latin America.
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