Operator: Thank you. Our next question is from [Joao Soares] (ph) asking Damian, could you please give an update on how much penetration of B2B do you expect in Brazil? At least some medium, short-term idea of how this should represent?
Damian Scokin: Hi, Joao. We are not ready to share the specific penetration of business line by country. What I can share with you is that Brazil is the market where the B2B is growing the fastest. And we are starting for a very, very small base, and we are positively surprised by the reception of the Brazilian market to our technology platform, which we believe is the best in the market and also our commercial offering there. The results have been sort of — been very surprising for us in Brazil. That implies in part the big growth we’ve seen in Brazil.
Operator: Thank you. The next question is from [Alex Gourinho] (ph) asking, talk more about the offline strategy? Does Despegar have existing stores in other markets? Are you going to be opening more stores than originally 15 planned? And what is the impact to CapEx?
Luca Pfeifer: Alex, thank you very much for your question. I’ll take the first part. First of all, yes, we do operate stores in different regions within Latin America. Just for your reference, under our Viajes Falabella brand, we operate approximately between 80 to 90 stores in the [Indian] (ph) region, and as well under our Best Day brand, we operate around 120, 130 stores, but those stores are very asset-light stores and you should probably think of them more in their majority sales booths that are actually operating in shopping malls. So, we do definitely have experience with regards to operating offline stores. With regards to our strategy in opening stores in Argentina and Brazil, this is certainly our initial rollout strategy at this point in time. And with regard to CapEx, we’re looking at somewhere around $100,000 per store, give or take, right?
Operator: Thank you. We have another question from Bruno Goldstein asking, do you have any updates regarding the preferred shares, L Catterton? Any strategy to address this liability in 2025?
Damian Scokin: Yes, [indiscernible] liability that becomes due in September 2025. We are assessing several options and looking for the most cost-efficient to be preparing time for that transition.
Operator: Next question is from Alejandra Aranda asking why rollout in Argentina versus Chile or Colombia?
Damian Scokin: Ale, that has to do with particular market conditions. As I mentioned before, the conditions of each market, the terms and attractiveness of offline and online channels vary a lot. Argentina, as you know, has one of the largest portion of the GDP is cash-driven. And that’s a portion of the market that is very hard to capture using online transactions. And you see a flourishing business of cash transactions too is related in Argentina, for example. That’s one of the reasons that we are looking into that opportunity.
Luca Pfeifer: Maybe if I can expand one more variable here Ale. Keep in mind that within Chile and within Colombia, we already do operate our Viajes Falabella offline strategy, right? We do already have an — offline stores in those specific markets that you referenced. Thanks for your question.
Operator: And Alejandra is also asking what should we expect for 2H considering the latest currency softness seen?
Luca Pfeifer: Sorry, would you mind repeating the question?
Operator: Certainly. [Technical Difficulty] Apologies for that. I’ll go ahead ask the question here. What should we expect for 2H considering the latest currency softness seen?
Damian Scokin: So, we…
Operator: Sorry. Presenters, are you still there? We are not able to hear you.
Damian Scokin: Yes. No. What I was saying is that we reiterate our guidance, both in terms of revenues and EBITDA. Moreover, given the positive trajectory of our performance in the market, we are optimistic we will hit the upper range of the two variables we provided as guidance.
Operator: Thank you. We have another question from Joao Soares. How much this impacts your take rate and working capital?
Damian Scokin: Joao, just to clarify, are you referring to the offline stores when you say how much this impacts? If it’s the offline stores, we would say that the take rate of offline store is slightly higher than online. And working capital is the same dynamic of the rest of the business. That doesn’t change in a major way.
Operator: Thank you. We’ll pause for — it appears there are no further questions at this time. So I’ll turn it back over to Mr. Scokin for any closing remarks.
Damian Scokin: As usual, I would like to thank you all for the interest in the company, and we are looking forward to seeing you again when we announce the third quarter results. Thank you very much.
Operator: This concludes today’s conference call. You may now disconnect.
