Articles tagged “argentina”

Why is a hospitality brand entering the recruitment market? The answer lies in its co-living division, because not everyone’s there just to party.

The Omicron variant wasn't stirring up as much anxiety as you'd expect among the tourism officials at this week's 25° Feria Internacional de Turismo de America Latina in Buenos Aires. Much of the talk was on the challenges of disparate border policies as destinations stay hopeful with their summer season arriving soon.

Buy-now-pay-later schemes help people get around soaring inflation, but they're now being banned for foreign travel as the country enters negotiations to pay off some of its debt. It's not good news for travel agencies, or pent-up travelers.

Online travel agencies were big players in travel search during the pandemic in major Latin American countries. There's a bright future for these booking sites in the region as travel restarts.

Online travel brands can no longer count on paid marketing alone to drive growth as they try to penetrate developing markets. Despegar is ahead of its larger global rivals in embracing "fintech." It sees consumer loans as a way to appeal to many travel buyers who don't use banks.

Despegar had offered to pay a premium for Mexico's Best Day in January, but today the two companies are strapped for cash due to the pandemic's destruction of travel bookings. This acquisition may be one of several deals across the sector imperiled by coronavirus.

Coronavirus has caused turmoil in the global financial markets, which has devalued several key currencies and made foreign trips costlier. But devaluation may also make potential acquisition targets cheaper for Despegar, the region's largest online travel agency.

The Argentine economic crisis continues to drag on Despegar, but the online travel agency's continuous investment in mobile is setting it up for long-term growth across the continent.

Argentina’s tough economic situation has been characterized by devalued currency and rising consumer prices. But at the same time, other factors have led to the introduction of cheaper airfares and more players in the airline market. That's good for travelers.