Before the opening bell, Monaker Group, Inc. (OTCQB: MKGI)
announced a new partnership with Recruiter.com, an online global recruiting and
career services site, to develop a custom travel club solution for its members.
When complete, the new service will be available to all of Recruiter.com’s
roughly three million members and followers, delivering customized travel and
lifestyle offerings including highly discounted travel and vacation packages
complete with special benefits such as concierge support, exclusive experiences
and premium upgrades.
“We are pleased to be a trusted partner to Recruiter.com and
look forward to delivering their members a high quality platform and
exceptional customer support,” Bill Kerby, chairman and chief executive officer
of Monaker, stated in this morning’s news release. “The partnership gives us
another distribution outlet for our growing Alternative Lodging inventory and
other travel products within our portfolio. Furthermore, the Recruiter.com
Travel Club validates Monaker Group’s unique ability to build innovative
products for both work and play.”
In recent weeks, Monaker has placed much of its focus on
unlocking specialty lodging inventory through its large-scale travel
distribution platform, NextTrip. On Tuesday, the company took a significant
stride toward achieving this goal when it announced the integration of its
proprietary timeshare booking engine, NextTrip Resorts, into its flagship
booking platform. NextTrip Resorts offers a number of unique advantages over
existing timeshare booking platforms, including instant booking confirmations
on more than 250,000 units. In total, Monaker has approximately one million
alternative lodging units under contract, positioning it as one of the largest
players in the rapidly growing alternative lodging industry.
According to data from Research and Markets, the global
vacation rental market is in a period of significant growth, with current
estimates calling for the industry to exceed $169 billion by 2019. Timeshares
and alternative lodging are expected to play a key role in this market
performance as innovative new platforms, such as NextTrip Resorts, provide
owners with the tools needed to offer the approximately 25 percent of
timeshare, fractional and condo-hotel unit inventory that currently goes unused
to consumers. With an estimated 19 million rooms falling under this category in
high-demand vacation destinations around the globe, Monaker’s new platform
positions it as a major force in a largely untapped market.
Monaker expects to obtain additional commitments from major
hospitality companies and independent operators with national and international
networks of resorts in the coming weeks, effectively strengthening the NextTrip
platform. When combined with complementary ventures, such as the company’s
newly-announced partnership with Recruiter.com, Monaker’s launch and expansion
of NextTrip have it well-positioned to achieve considerable growth moving
forward.
For more information, visit www.monakergroup.com
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