Expedia has increased its reach into Latin America by purchasing a 20% stake in Decolar, which provides online travel agency services in 21 countries.
Travel reservations service Expedia has paid $270m for a 20% stake in Argentina-based online travel agency Decolar.com, chief financial officer Mark Okerstrom told investors in New York on Tuesday.
Founded in 1999, Decolar also operates under the brand Despegar and covers 21 markets including Spain and the US, though most of them are situated in Latin America. Its investors also include growth equity firm General Atlantic.
Decolar offers travellers a range of options from booking hotels to booking flights at…
