Travel company Despegar has projected growth of more than 20% in bookings and revenue in Latin America in 2025 due to an improvement in Argentina, a stabilization of currencies in the region and expansion into Europe and the United States, CEO Damian Scokin told Reuters .
The company, which is considered the largest online tourism platform in Latin America – where it operates in 19 countries – has a growth target of 20% annually over the next five years, which it would exceed in 2025.
“In 2025 we have set a higher target of 20%, which includes the effect we expect from some things normalizing in Argentina and exchange rates stabilizing in the region. It also includes the effect of growing outside the region,” Scokin said on Tuesday in a virtual interview with Reuters .
Despegar, which is listed on the New York Stock Exchange, expects revenues of US$760 million this year, with earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) of US$170 million.
“We are…
