Alternative lodging is easily the fastest growing sector in
the $1.25 trillion travel and tourism market. The oldest and most recognized
brands within the alternative lodging sector are Airbnb and HomeAway.
NextTrip.com is about to shake things up.
NextTrip is the first and only real-time bookable
reservations system in the alternative lodging industry. Unlike the
competition, which book by request and can take hours or days before a lodging
owner confirms, NextTrip’s platform books in real-time, similar to online hotel
bookings. Understandably, travel agents and tour operators are clamoring for
just such a feature.
Customers are now able to plan and book any vacation and all
their travel needs, including airlines, cruises, tour packages, and rental
cars, without using multiple web sites. To maximize customer experience and
efficiencies, Monaker Group (OTCQB: MKGI) recently engaged Primero Systems to
fully integrate and maximize the NextTrip.com booking platform, and the company
expects complete build out and functionality within four months.
As one would assume, available inventory is imperative in
the alternative lodging sector. Airbnb has been around since 2008 and has an
estimated 1.5+ million alternative lodging listings. HomeAway was founded in
2005 and currently has approximately 1.2+ million listings. NextTrip will add
another 500k to 600k units in next few weeks and will soon have over 1.2
million listings in inventory, giving it one of the largest alternative lodging
inventories in the world. Most listings are in desirable locations in the U.S.,
the EU and the Caribbean, and about 20% of the listings are exclusive. Monaker
expects rapid exclusive listing growth, because, unlike the competition,
Monaker doesn’t charge a sign-up fee, just a commission upon booking. The
competition charges both. Monaker even has a proprietary solution to unlock
timeshare and fractional share properties as rental inventory.
Airbnb is privately held with an estimated $25 billion
valuation. HomeAway was acquired by Expedia (NASDAQ: EXPE) for $3.9 billion. With
comparable listing inventories, more options, better and easier to use
services, more exclusive listings and more cost effective listing solutions,
Monaker Group is really starting to shake things up in the alternative lodging
sector. If Monaker’s revenues reach estimates and its valuation even comes
close to the competition’s, this stock could shake up any portfolio.
Learn more by visiting www.monakergroup.com
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