Despegar reports record Q2

The Latin America OTA reported a 16% increase to gross bookings of $1.3 billion for the three months that ended June 30

Aug 21, 2023

The company reported that the revenue mix, average sales price, and emphasis on profitable growth all contributed to a successful second quarter.

Key takeaways

  • Revenue rose 23% to $165.5 million, with packages, hotels, and other travel products increasing 27% to $101 million. EBITDA adjusted increased 183% to $30 million;
  • The company's primary focus, travel packages, now account for 33% of gross bookings, an increase of nearly 6%, while average selling prices rose 15% year over year to $585 million;
  • Despegar’s mobile application accounted for 38% of gross bookings, up approximately 3% year over year. The company’s loyalty program increased 194% to almost 17 million members year over year.

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