A
traditional business partnership occurs when two or more individuals share
management and profits of a business. Of course, not all businesses require
more than one person to get started. That said, many large companies, such as
Apple (NASDAQ: AAPL), eBay (NASDAQ: EBAY), and others, were built by more than
one leader. Some of these partnerships started because of a friendship, but,
regardless of personal relationship, both parties accepted that the other had
something to bring to the table.
Monaker
Group, Inc. (OTCQB: MKGI), the technology driven travel company, believed in
just this when it partnered with a multitude of companies that could mutually
benefit from the arrangement. Monaker believes in offering travel opportunities
to all demographics. This requires Monaker to offer large and versatile search
options to its various audiences, which has encouraged the company’s very
productive partnerships.
Monaker
has assembled multiple key partnerships to meet its objectives. With these
partners, MKGI is creating the inventory and distribution linkage through its
flagship NextTrip.com. The company considers itself to have a definitive
strategic advantage with its strong partner base. Some of the key Monaker
partners include: The Mark Travel Corporation, I.C.E., uBid and International
Travel.
The
Mark Travel Corporation is an investor in Monaker Group. It offers a VAX system
used by 85,000 travel agents and represents 60 million consumers including
Hilton Vacations (NYSE: HLT), Hyatt Vacations (NYSE: H), and United Airlines
(NYSE: UAL). I.C.E. has 55 million members worldwide and private label members
such as American Express (NYSE: AXP), AAA, and USAA. Monaker also represents
uBid products, with over six million active users. Finally, International
Travel, with over 20,000 agents worldwide, has agreed to supply Monaker travel
brand alternative lodging and tour products.
These
four specific partnerships allow Monaker Group to reach a broader audience and
market itself further afield. With this, the company is able to provide unique
and competitive travel offerings and expand higher-margined inventory in
alternative lodging. Monaker’s ability to work with trusted and established
travel brands provides the company with significant inventory and
distributions.
For
more information, visit www.monakergroup.com
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