Monaker Contracts with Nine Additional Travel Partners to Offer Instantly-Bookable Vacation Rentals; Company’s B2B Travel D...
January 07 2019 - 9:15AM
via NEWMEDIAWIRE –
Monaker Group, Inc. (NASDAQ: MKGI), a
technology leader in the travel and vacation rental markets, has
entered into contracts with nine more travel distributors to
integrate and offer Monaker’s instantly-bookable vacation rentals
through their established distribution channels. The addition of
nine new travel partners expands the company’s B2B travel
distribution network to twenty-four contracted distribution
partners.
“Since the launch of our Monaker next-gen booking engine (MBE)
and API in July 2018, we have made great progress
expanding our travel distribution partners, with more and more
going live and beginning to transact on our system,” commented
Monaker CEO, Bill Kerby. “These twenty-four distributor partners
represent hundreds of downstream travel companies, website,
agencies and agents that generate significant hotel lodging
reservations annually. When integrations are completed, Monaker
will be distributing vacation rental homes internationally to
travel groups that operate multiple platforms servicing 12 markets
worldwide that currently book in excess of 400,000 passengers per
month.”
Monaker’s integrated travel distributors and their downstream
partners, with their established travel booking platforms
(aggregators, consolidators, online travel agencies and travel
agents), can select from a growing global vacation rental inventory
comprised of homes, villas, chalets, apartments, condos, resort
residences, and even castles. Monaker expects to report an
increased available vacation rental inventory in the very near-term
as it continues to add new contracted properties.
“Monaker ‘s proprietary booking engine provides a much-needed
and highly desirable transactional component allowing travel
companies to expand their product offerings to include vacation
rental homes. Once integrated, it empowers travel companies, travel
platforms and agents to instantly book commissionable vacation
rentals within their existing reservation systems. Because the
bookings are instantly confirmed via Monaker’s system, rather than
waiting hours or even days for property owners to respond and
confirm, a vacation rental can now be booked along with air, car
and other travel reservations as a complete package. We see this as
a significant evolutionary shift within the travel industry,” Mr.
Kerby added.
Of the twenty-four contracted partners, five have already gone
live with the next-gen MBE, and 19 more are working to complete
their integrations.
About Monaker Group
Monaker Group, Inc., is a technology-driven travel company
focused on delivering innovation to the alternative lodging rental
(ALR) market. The Monaker Booking Engine (MBE) provides access to
more than one million instantly bookable 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 alternative
lodging. For more about Monaker Group,
visit www.monakergroup.com.
Important Cautions Regarding Forward Looking Statements
This release includes ''forward-looking statements'' within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements give our current expectations, opinions,
belief or forecasts of future events and performance. A statement
identified by the use of forward-looking words including ''will,''
''may,'' ''expects,'' ''projects,'' ''anticipates,'' ''plans,''
''believes,'' ''estimate,'' ''should,'' and certain of the other
foregoing statements may be deemed forward-looking statements.
Although Monaker believes that the expectations reflected in such
forward-looking statements are reasonable, these statements involve
risks and uncertainties that may cause actual future activities and
results to be materially different from those suggested or
described in this news release. All forward-looking
statements are expressly qualified in their entirety by the “Risk
Factors” and other cautionary statements included in Monaker’s
annual, quarterly and special reports, proxy statements and other
public filings with the Securities and Exchange Commission (“SEC”),
including, but not limited to, the company’s Annual Report on Form
10-K for the period ended February 28, 2018 and the company's
subsequently filed Quarterly Reports on Form 10-Q, which have been
filed with the SEC and are available at www.sec.gov. Investors
are cautioned that any forward-looking statements are not
guarantees of future performance and actual results or developments
may differ materially from those projected. The forward-looking
statements in this press release are made as of the date hereof.
The company takes no obligation to update or correct its own
forward-looking statements, except as required by law, or those
prepared by third parties that are not paid for by the company.
Company Contact:
Monaker Group, Inc.
Richard Marshall
Director of Corporate Development
Tel: (954) 888-9779
Email: rmarshall@monakergroup.com
Institutional, Media & Research Contact:
CMA Investor Relations
Ronald Both or Grant Stude
Tel (949) 432-7557
Email: MKGI@cma.team
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