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Despegar plans more acquisitions

Despegar plans more acquisitions

March 17, 2023 | Charles Newbery
Argentine travel agency expects to close up to two deals this year, CEO says

Corporate & Sovereign Strategy M&A Latin America Argentina Tourism

Argentine travel agency Despegar plans to make up to two acquisitions this year to expand the business after a spree of purchases over the past few years, CEO Damián Scokin said Thursday. "We feel pretty confident today that our target of one to two relevant transactions will take place in 2023," he said on a conference with investors. Scokin declined to name the potential targets. Last year, Despegar acquired 100% of TVLX Viagens e Turismo, a leading Brazilian online travel agency, for $15.5 mi

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