Moreover, our recent B2B2C agreement, coupled with the significant business potential of our AI-driven travel assistant, SOFIA, set a clear path forward. Our objective is to seamlessly integrate SOFIA into our partner's platform, positioning as an essential tool and resource for enhancing their ecosystem and their customer experiences they deliver. This will not only help drive sustained organic growth, but further diversify our portfolio of offerings, broaden our strategic mode, and reinforce our status as an industry leader. These initiatives underscore our commitment to capitalizing on global growth opportunities and solidifying our leadership in an international scale.

Nov 14, 2024 / receipt, needs a key / Damian, CEO | earnings call 2024-11-14 | transcript 78bf6e8f-3aed-4814-8fcd-3d8a384e0b44 | chars 33008-33689 | segment 33

During the quarter, we also extended around $17 million in working capital benefits through cash advances to our core travel partners as part of our strategy to strengthen our supplier relationships.

Nov 14, 2024 / receipt, needs a key / Amit, CFO | earnings call 2024-11-14 | transcript 78bf6e8f-3aed-4814-8fcd-3d8a384e0b44 | chars 29723-29922 | segment 30

A key highlight on this front was the expansion of our wide-level partnerships with Livelo, Brazil's largest loyalty program. The program is operated by Banco do Brasil and Bradesco, Brazil's second and third largest banks. Through the SPGAR's wide-level platform, their customers can not only accumulate Livelo points, through purchases made on the platform, but can now redeem these points for any travel product, including packages. They also have the option now to purchase travel products with cash directly on the white label side. These new features have been highly successful and resulted in the Livelo partnership becoming our largest white label operation in Brazil.

May 16, 2024 / receipt, needs a key / Damian Skokin, CEO | earnings call 2024-05-16 | transcript 8a91faae-dcae-405b-b9a4-dd9342f5c2d9 | chars 5912-6589 | segment 5

Our collaboration with Libello marks a significant step in consolidating Despegar's position as the partner of choice for Latin America's other leading brands. It underscores the strength of our best-in-class technology platform, which enables us to provide highly customized solutions to our wide-label partners, regardless of their size, as well as the best possible travel promotions and experiences for their customers.

May 16, 2024 / receipt, needs a key / Damian Skokin, CEO | earnings call 2024-05-16 | transcript 8a91faae-dcae-405b-b9a4-dd9342f5c2d9 | chars 6772-7195 | segment 6

As we have previously communicated, our vision for wide-label solutions is not confined to Latin America. We aim to leverage the scalability and proven strengths of our platform to strategically penetrate targeted segments of the vast 2.2 trillion global travel market.

May 16, 2024 / receipt, needs a key / Damian Skokin, CEO | earnings call 2024-05-16 | transcript 8a91faae-dcae-405b-b9a4-dd9342f5c2d9 | chars 7484-7753 | segment 7

As we look ahead toward the rest of the year and beyond, we are very excited about the many growth opportunities that lie ahead. We remain firmly committed to maintaining our position as the travel technology industry's leader in profitable growth and to relentlessly pursuing excellence in all our endeavors.

May 16, 2024 / receipt, needs a key / Damian Skokin, CEO | earnings call 2024-05-16 | transcript 8a91faae-dcae-405b-b9a4-dd9342f5c2d9 | chars 12429-12738 | segment 12

Also, as we noted during our previous earnings calls, we intend to further leverage the strength and scalability of our platform by penetrating targeted areas of the 2.2 trillion global travel market as a next phase of our long-term growth strategy.

Mar 14, 2024 / receipt, needs a key / Damian Skokin, CEO | earnings call 2024-03-14 | transcript 5e7c7cd9-72ea-43bf-b9f9-a66bf4e3e2bd | chars 8644-8893 | segment 8

As far as the growth opportunity ahead of us, it's huge. Because as I said, if you look at how Latin Americans buy travel products, it's still highly individual. So we haven't said exactly because we believe it's the wrong approach to see that package penetration today. We have an ample room for growth by integrating what today is sold individually. And to your question on the outlook, as you mentioned on the prepared remarks, the overall demand trends across all the countries that we operate in remain very strong. And the way we have been executing and the results that we are seeing from that execution also remain very strong. So we are very optimistic about how 2024 is going to look for us.

Mar 14, 2024 / receipt, needs a key / Damian, CEO | earnings call 2024-03-14 | transcript 5e7c7cd9-72ea-43bf-b9f9-a66bf4e3e2bd | chars 33787-34488 | segment 33

In line with this positive secular trend, travel packages continue to be an integral part of our commercial strategy and value proposition to our clients.

Mar 14, 2024 / receipt, needs a key / Damian Skokin, CEO | earnings call 2024-03-14 | transcript 5e7c7cd9-72ea-43bf-b9f9-a66bf4e3e2bd | chars 4659-4813 | segment 4

Notably, our Brazil and Mexico businesses continue to experience strong demand, with Brazil in particular benefiting from our commercial execution, competitive strength, and positive secular tailwinds, as we believe more and more customers allocate a higher proportion of their spending towards travel and experiences.

Mar 14, 2024 / receipt, needs a key / Damian Skokin, CEO | earnings call 2024-03-14 | transcript 5e7c7cd9-72ea-43bf-b9f9-a66bf4e3e2bd | chars 3087-3405 | segment 2

Its surveys reveal that consumers across all ages and regions state that travel remains a top priority.

Mar 14, 2024 / receipt, needs a key / Damian Skokin, CEO | earnings call 2024-03-14 | transcript 5e7c7cd9-72ea-43bf-b9f9-a66bf4e3e2bd | chars 4407-4510 | segment 4

As you know, we have an agreement with one of our peer Expedia through which we source international lodging inventory. So this is related to us, you know, as the demand environment remains very strong for us, both within Latin America and people traveling from Latin America to outside. So it's the strong growth in bookings that is leading to that increase that you're seeing in our balance sheet.

Mar 14, 2024 / receipt, needs a key / Ahmed, other | earnings call 2024-03-14 | transcript 5e7c7cd9-72ea-43bf-b9f9-a66bf4e3e2bd | chars 44257-44656 | segment 44

AI Tax Transformation Analyst

company_statement / Sep 7, 2026 / receipt