Despegar (DESP) has released an update.
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Despegar.com, Latin America’s leading travel technology firm, has sold its Destination Management Company unit to World2Meet, a division of the Iberostar Group, to sharpen its focus on core business strategies and enhance operational efficiency. The deal, effective from August 1, 2024, includes a preferred partnership for destination services in Mexico and the Dominican Republic, and the transfer of nearly 600 employees to World2Meet. This move aligns with Despegar’s commitment to boosting organic growth and maximizing returns.
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