Monaker Group, Inc. (OTCQB: MKGI) is bringing artificial intelligence (AI) to the travel industry, giving users the opportunity to book through its all-in-one search engine for conventional air, land travel, and rental cars, while also evaluating alternative lodging rentals (ALR). The platform is designed to speed up the researching and booking time for consumers from hours to minutes, the company said. Monaker Group is a travel company that is technology-driven, focused on the ALR sector, and offers both mainstream and alternative travel in one place to travelers.
Targeted for a rollout in the first quarter of 2017, the AI enhanced ‘planner’ feature on the company’s booking site is designed to reduce booking time and research. On its website, NextTrip.com, a subsidiary company of Monaker Group, Inc., the user can view suggested travel itineraries, read articles on destinations, view a library of videos, and book trips — all on a single site. The company utilizes a profile of the user to offer travel.
In its February 2017 presentation (http://dtn.fm/7cO0F) for investors, available on its website, the company details the growth of digital travel and the role of AI in delivering diverse travel, from its branded Maupintour customized tours to conventional hotels, to the consumer. eMarketer (http://dtn.fm/Ke7ul) research finds that digital travel reached $564.87 billion in 2016, and it is projected to reach $817.54 billion by 2020.
Monaker’s proprietary booking engine is also designed for access by online travel agents (OTA), so they can simply “plug and play” when delivering the ALR market for their clients. Monaker’s worldwide inventory includes more than 500,000 resort residences, one million accept/request properties, and even those offering a ‘make an offer’ bidding solution option. The inventory offered ranges from luxury timeshares and conventional hotels to tours and concierge services. Its inventory totals 1.2 million vacation rentals, with an additional 1.8 million more in process, the company said in its presentation.
The result is a comprehensive site, offering travelers real-time AI to help plan a business or leisure trip or a combination of the two, all on one site. Consumers can either book directly with Monaker via NextTrip.com, or use an online travel agent who earns commissions by booking with Monaker. The traveler gets suggested ideas, watches videos, and then plans a vacation using major branded air, land, and tour partners. Monaker Group can do the same for business trips, as well as for a combination of business and leisure.
The debut of AI cuts the time for researching and booking travel, using a profile of the traveler to aid in the research process. The result is quick booked travel after the user has viewed videos and made decisions.
For more information, visit www.MonakerGroup.com
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