Despegar and HBX Group Enter Into a Strategic Partnership

BRITISH VIRGIN ISLANDS, January 29, 2025–(BUSINESS WIRE)–Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the “Company”), Latin America’s leading travel technology company, announces a strategic partnership with HBX Group, a leading independent B2B travel technology marketplace. This collaboration marks a relevant step towards expanding Despegar’s service offerings, particularly by integrating HBX Group’s European and North American non-air inventory into Despegar’s platform.

Through this partnership Despegar plans to offer its customers—both B2C and B2B—wider access to HBX Group’s diverse range of accommodations and travel solutions. By leveraging HBX Group’s inventory, Despegar aims to further enhance its travel packages and lodging offerings, providing more value and options to travelers seeking quality and affordability.

Under the terms of the agreement with HBX Group, (i) HBX Group undertook to make an advance payment to Despegar; and (ii) Despegar is…