Attractive prices have always been the “primary reason” for the success of low-cost carriers in Asia.
The company says it now has more than 120 participating hotels.
Excluding these financing deals, Despegar finished the June 30 quarter with USD 228 million in cash and equivalents to get it through the coronavirus crisis.
Next to exploring opportunities to adopt solutions, reviewing your cancellation policy is key - especially now that flexibility is king.
The company has secured credit and guarantee facilities of USD 100 million, which includes a USD 70 million facility from MakeMyTrip's largest shareholder.
Accor CEO Sébastien Bazin had created a team to look at a merger in early June.
While more attractions in Europe and the U.S. have moved to accept online bookings only, just 31% of Asia Pacific-based attractions are doing so.
It’s a signal that the days of the largest corporations in the world being free to mishandle sensitive consumer data with impunity are numbered.
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