Before the opening
bell, Monaker Group, Inc. (OTCQB: MKGI) offered shareholders an update on its
progress in the first half of 2016. Although the company recorded strong
revenue growth from Maupintour during the first four months of the calendar
year, Monaker’s primary focus has remained on the impending launch of its
alternative lodging and timeshare booking platforms under the NextTrip.com
banner. To date, the company has already contracted approximately 1.1 million
alternative lodging rental units for the NextTrip Resorts platform, and it
expects to add roughly 300,000 additional units in the coming months.
“During the first
five months of 2016, Monaker has built the foundation for significant growth
within one of the fastest growing travel sectors,” Bill Kerby, chairman and
chief executive officer of Monaker, stated in this morning’s news release. “We
look forward to strong revenue acceleration for the balance of the year, tied
to the launch of our state-of-the-art alternative lodging and timeshare booking
platforms later this month under our NextTrip.com brand.”
Following its
launch, Monaker’s next generation booking platform will target vacationers,
property owners and large travel distributors with a number of cutting-edge
features designed to give consumers access to comprehensive vacation
alternatives at the best possible prices. Leaning on the power of Monaker’s
proprietary ALR Booking Engine, NextTrip will enable consumers to
comprehensively search vacation travel destinations for a variety of vacation
essentials, including lodging products, air tickets, rental cars, tour
activities and restaurants. In an effort to broaden distribution, Monaker will
also look to supply ALR products to its channel partners, effectively driving
revenue acceleration by capitalizing on its partners’ existing distribution
networks.
Throughout the
development of the NextTrip platforms, Monaker has remained committed to
introducing new and marketable features that have been overlooked by major
players in the travel sector. For example, the company’s platforms will include
real-time booking, eliminating the typical wait for a formal response from the
property owner to confirm bookings. Earlier this year, Monaker reaffirmed its
commitment to innovation in the space when it engaged Primero Systems, a
globally-recognized technology solutions provider, to complete the
next-generation architecture and partner integrations and build out the
flagship website for NextTrip.com.
As the roughly $1.3
trillion global travel industry continues to experience a period of
consolidation, with industry giants such as Expedia (NASDAQ: EXPE) and
Priceline (NASDAQ: PCLN) rapidly acquiring promising upstarts in the space,
Monaker’s growing presence in the burgeoning alternative lodging sector, reinforced
by a sizable property inventory and growing user base, strategically positions
the company for strong growth moving forward. Look for Monaker to capitalize on
this position as it approaches the official launch of its alternative lodging
and timeshare booking platforms later this month.
For more
information, visit www.monakergroup.com
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