Hotel booker seeks to raise $100m

New York City – 21 August 2017 – 
Latin American online travel provider 1 has filed to raise up to US$100 million in an initial public offering on the New York Stock Exchange.

1

The company, which operates in more than 20 countries, offers bookings for hotels, airlines, attractions and car rentals.

Despegar, which was founded in 1999, had 2.5 million customers who helped generate US$248.5 million in revenue during the first half of 2017, according to its filing with the US Securities and Exchange Commission.

Its primary customer base is travellers from Latin America, and it had US$2.1 billion in gross bookings during the first half of 2017.