Despegar and Kayak both released travel planning and booking tools this week meant to integrate generative AI more comprehensively.
Despegar and Kayak both released travel planning and booking tools this week meant to integrate generative AI more comprehensively.
Good morning from Skift. It’s Wednesday, August 21, 2024, and here’s what you need to know about the business of travel today.
Despegar, the largest online travel company in Latin America, sold its destination management unit, BDExperience, to World2Meet, a division of Spain-based tourism company, Iberostar Group.
While U.S. and European-based online travel agencies fret about the impact of inflation and potentially softer travel demand, Argentina-based Despegar sees a more stable economic climate on its Latin America home turf.
Despegar is increasing its product and geographic diversification but its net loss widened a tad in the fourth quarter because of weak travel demand and higher expenses.
Despegar, which describes itself as “the leading online travel company in Latin America,” is busy opening offline physical stores, with the latest rollouts in Argentina and Brazil.
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