Monaker Expands Vacation Rental Inventory to Approximately 1.4 Million Instantly-Bookable Properties; Completes Integrations with Channel Partners, Opening Access to Additional Resort Residence Inventory
WESTON, FL--(Marketwired - Jul 5, 2017) - Monaker Group ( OTCQB : MKGI ) has expanded the total number of instantly-bookable vacation rental properties available through its Monaker Booking Engine (MBE) to approximately 1.4 million units. The new properties are available today via NextTrip, the industry's first travel service to offer all ALR properties as instantly bookable. NextTrip is powered by the MBE, a new cloud-based technology platform that delivers ALR reservations that can be instantly confirmed. MBE delivers Monaker's global ALR inventory via a flexible application program interface (API), which also supports the distribution of Monaker's ALR products to B2B travel industry partners. The newly available Alternative Lodging Rental (ALR) units are located primarily in Europe, which represents Monaker's largest ALR market. They also include a number of new properties across North America and the first properties in Cuba. The type of new ALR properties are consistent with the existing inventory of private vacation homes, villas, chalets, apartments, condos and castles. Monaker continues to expand its ALR inventory as it works to complete the integrations of an additional 800,000 properties secured under contract. "The addition of these new properties demonstrates that our MBE represents one of the most diverse and accessible ALR instant booking platforms for the travel industry with inventory of approximately 1.4 million unique units," said Monaker CEO Bill Kerby. "Since the introduction of our proprietary booking engine last year, we've received growing interest by both product suppliers and potential distribution partners. This interest has been buoyed by strengthening consumer demand for instantly-bookable ALRs." "It's important to note that not just a portion, but all of our properties are instantly bookable," added Kerby. "Travelers today expect to book flights, car rentals and tour packages with an easy 'point and click,' and without any hassles or delays. Our MBE technology supports a special relationship to our properties, providing travelers complete assurance that their reservation has been set at the moment of click -- no more waiting hours or days for a response from the property owner." Monaker has also completed integrations with certain key supply-side channel partners, which opens access to additional instantly-bookable resort residences. Resort residences typically offer comfortable residential style 1-4 bedroom units, with kitchens, living rooms, home furnishings and full access to resort amenities. These additional properties will become available later this year. Given the long-standing industry need for instant booking ALR reservations, several leading travel service wholesalers, retailers and travel agency groups are currently working to integrate our MBE technology with their vacation and travel package distribution channels. "We continue to work towards completing our distribution side integration with a major industry partner," added Kerby. "We are also adding key enhancements to our NextTrip site, including an advanced small business travel platform, a travel agent section, and specialized artificial intelligence that will enable easier planning for business, groups and family travel. Monaker is looking to take advantage of the growing demand for alternative lodging and the strong growth in digital travel sales. The ALR industry is expected to grow at more than 7% CAGR to $194 billion in 2021, according to Technavio, making it one of the fastest growing sectors of the travel industry. Meanwhile, worldwide digital travel sales will climb at a 9.7% CAGR to top $817 billion by 2020, says eMarketer. The latest releases of the NextTrip mobile app for iOS and Android are available for download today. About Monaker Monaker Group is a technology-driven travel company focused on delivering innovation to alternative lodging rentals (ALR) market. The Monaker Booking Engine (MBE) delivers instant booking of more than 1.5 million vacation rental homes, villas, chalets, apartments, condos, resort residences and castles. MBE offers travel distributors and agencies an industry-first: a customizable instant booking platform for ALR. Monaker's NextTrip.com B2C website, powered by the MBE, is the first to offer significant instantly-bookable ALR products along with mainstream travel products and services, all on a single site. NextTrip also features rich content, imagery and high-quality video to enhance a traveler's booking experience and assist in the search, decision and buying process for both individuals and groups. For more information, visit www.monakergroup.com or www.nexttrip.com.
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Today’s Change | 1.80 TODAY|||52-Week Range 4.35 | -2.23%
Year-to-Date |
Largest transactions by value over
| Name | Type | Date | Shares
traded | Share
price | Transaction
value | Since
transaction |
|---|
Monaco Donald |  Sale | 10/26/2016 | 280,000 | $1.50 | $420.0K | -22.71% |
Orange Simon Sebastian Director | Sale | 2/01/2017 | 138,000 | $2.00 | $276.0K | +1.86% |
Jimenez Omar J Chief Financial & Operating Officer |  Gift | 4/19/2017 | 100,000 | $2.50 | $250.0K | -9.16% |
Wilton Mark A | Buy | 11/10/2016 | 114,770 | $0.87 | $99.8K | -8.13% |
Orange Simon Sebastian Director | Sale | 1/31/2017 | 20,000 | $2.00 | $40.0K | +1.44% |
SECTOR
Commercial Services | INDUSTRY
Advertising/Marketing Services | MARKET CAP
$27.6M |
Company Description
Monaker Group, Inc. engages in the provision of digital media and marketing services for the travel and real estate industries. It operates through the Media and Travel business segments. The company's activities include sale of travel products; provision of travel media and online booking services; tour operations; online trip professional membership program operations; television media contracts; and real estate advertising services. Monaker Group was founded by William R. Kerby on October 9, 2008 and is headquartered in Weston, FL.
Employees
Shareholders
| Individual stakeholders | 35.93% |
| Mutual fund holders | -- |
| Other institutional | -- |
Top Executives
| William R. Kerby | Chairman & Chief Executive Officer |
| Omar J. Jimenez | COO, CFO, Secretary, Treasurer & Director |
| Curtis Krauskopf | Chief Technology Officer |
| Lori Hamilton | Vice President-Sales & Business Development |
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