| Summary of Goodwill |
Goodwill consists of the following: | | | | | | | | | | | | | As of December 31,
2024 | | As of December 31,
2023 | | Goodwill | $ | 125,832 | | | $ | 150,752 | |
The following table presents the changes in goodwill by reportable segment: | | | | | | | | | | | | | | | | | | | | | | | | | Air | | Packages, Hotels
and Other Travel
Products | | Financial Services | | Total | | Balance as of January 1, 2023 | $ | 29,460 | | | $ | 103,279 | | | $ | 5,898 | | | $ | 138,637 | | | Assets held for sale (Note 31) | — | | | (3,685) | | | — | | | (3,685) | | | Foreign currency translation adjustment | 2,920 | | | 12,353 | | | 527 | | | 15,800 | | | Balance as of December 31, 2023 | $ | 32,380 | | | $ | 111,947 | | | $ | 6,425 | | | $ | 150,752 | | | Foreign currency translation adjustment | (6,222) | | | (17,323) | | | (1,375) | | | (24,920) | | | Balance as of December 31, 2024 | $ | 26,158 | | | $ | 94,624 | | | $ | 5,050 | | | $ | 125,832 | |
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