0000000000-19-012391.txt : 20200227 0000000000-19-012391.hdr.sgml : 20200227 20190813135207 ACCESSION NUMBER: 0000000000-19-012391 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20190813 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Despegar.com, Corp. CENTRAL INDEX KEY: 0001703141 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: JUANA MANSO 999 CITY: BUENOS AIRES STATE: C1 ZIP: C1107CBR BUSINESS PHONE: 54 11 4894 3500 MAIL ADDRESS: STREET 1: JUANA MANSO 999 CITY: BUENOS AIRES STATE: C1 ZIP: C1107CBR PUBLIC REFERENCE ACCESSION NUMBER: 0001193125-19-122677 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4-)>+CS],-"CD@,"!O8FH-/#PO3&EN96%R:7IE9" Q+TP@,S,W M-38O3R Q,2]%(#(X,C W+TX@,B]4(#,S-#4Y+T@@6R T-34@,30Y73X^#65N M9&]B:@T@(" @(" @(" @(" @(" @(" @#0HQ-B P(&]B:@T\/"]$96-O9&50 M87)M7!E+UA2968O5ULQ(#(@,5T^/G-T,C17,% PM% P-U&P ML=%W2BQ.=%#(, @P 8!0VPPT*96YD)RM5\ERXS80O?,K^JA4631!2%QR\S*>RE1F$MM*3>4( MD:"$#$G( &F5\C7ZQ_Q &EQDBDMB)6.72F(+Z.5UO^[6B_4"B\ !\Q\LP0O! M\WR(,K@6V8; O81'Z]%ZL6Y7%G[G+UU8Q98#CV: M*Z322\!W;-2]]&T*J\RZ?B! 4%%BS7Y8_6&4=(Y2CYBSBV7OY$VY*74!A%Z! 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Juana Manso 999 Ciudad Aut noma de Buenos Aires, Argentina C1107CBR Re: Despegar.com, Corp. Form 20-F for the Year Ended December 31, 2018 Response dated July 25, 2019 File No. 001-38209 Dear Mr. Gaffney: We have reviewed your July 25, 2019 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our June 26, 2019 letter. Form 20-F for the Year Ended December 31, 2018 Notes to the Consolidiated Financial Statements 3. Summary of significant accounting policies Revenue Recognition, page F-10 1. We note your response to our prior comment 3. Please provide in more detail a description of the postbooking services that you provide under the pre-pay/merchant model and tell us how you determined they are not significant. Alberto Lopez Gaffney Despegar.com, Corp. August 13, 2019 Page 2 2. Additionally, we note from your proposed revenue policy on page 10 of your response that for travel products that are cancelled by the customer after a specified period of time, you may charge a cancellation fee or penalty similar to the amount that the supplier charges for the cancellation. Please tell us the nature of these cancellation terms in your pre-pay/merchant model transactions in further detail, including the timing of any cancellation and change provisions and how the cancellation or penalty fee is determined. Provide us with your consideration of such factors in determining that control has transferred and the related revenue should be recognized when the traveler books the transaction on your website rather than when the traveler uses the travel related service at a later date. You may contact Melissa Gilmore at (202) 551-3777 or Melissa Raminpour at (202) 551- 3379 with any questions. FirstName LastNameAlberto Lopez Gaffney Sincerely, Comapany NameDespegar.com, Corp. Division of Corporation Finance August 13, 2019 Page 2 Office of Transportation and Leisure FirstName LastName