Five Major Distributors Now Integrated with Monaker’s B2B Vacation Rental Booking
WESTON, FL, Dec. 19, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, today announced it has gone live with three additional travel distributors that can now search and instantly book from Monaker’s inventory of more than one million contracted vacation rental properties. This brings the total to five major distributors integrated with the Monaker Booking Engine (MBE), with 10 more currently engaged in the integration process.
Based in North America, Europe and the Middle East, the three new distributors are a hotel consolidator, a travel consolidator and a tour company.
Monaker provides these travel companies a “much sought-after complement” to their current offerings: the first-to-market Business-to-Business solution giving them the ability to instantly book commissionable vacation rentals within their existing reservation systems. Because the Monaker inventory bookings are instantly confirmed, rather than waiting hours or even days for property owners to respond, the vacation rental can also be seamlessly booked alongside air, car and other travel reservations as a complete package.
Integrated travel distributors and their downstream partners with established travel booking platforms (aggregators, consolidators, online travel agencies and travel agents) can search and book from Monaker’s growing global inventory comprising vacation rental homes, villas, chalets, apartments, condos, resort residences, and even castles. The company also expects to report a meaningful increase to its available instantly bookable vacation rental inventory in early 2019.
“These latest integrations broaden the availability of our vacation rental properties to hundreds of thousands of new travel customers,” said Monaker CEO Bill Kerby. “We believe we are on track to have all 15 integrated partners launched into the peak booking season that begins in January each year. Once all the 15 initial distributor integrations are completed, we expect to see our vacation rental inventory being instantly bookable by hundreds of travel companies and travel platforms in the tour, cruise, hotel and airline sectors, as well as over 300,000 travel agents globally.”
About Monaker Group
Monaker Group, Inc., is a technology-driven travel company focused on delivering innovation to the alternative lodging rental (ALR) market. The Monaker Booking Engine (MBE) provides access to more than one million instantly bookable vacation rental homes, villas, chalets, apartments, condos, resort residences, and castles. MBE offers travel distributors and agencies an industry first: a customizable, instant-booking platform for alternative lodging. For more about Monaker Group, visit www.monakergroup.com.
Important Cautions Regarding Forward Looking Statements
This release includes ”forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including ”will,” ”may,” ”expects,” ”projects,” ”anticipates,” ”plans,” ”believes,” ”estimate,” ”should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although Monaker believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. All forward-looking statements are expressly qualified in their entirety by the “Risk Factors” and other cautionary statements included in Monaker’s annual, quarterly and special reports, proxy statements and other public filings with the Securities and Exchange Commission (“SEC”), including, but not limited to, the company’s Annual Report on Form 10-K for the period ended February 28, 2018 and the company’s subsequently filed Quarterly Reports on Form 10-Q, which have been filed with the SEC and are available at www.sec.gov. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the company.
CONTACT: Company Contact: Monaker Group, Inc. Richard Marshall Director of Corporate Development Tel (954) 888-9779 Email: [email protected] MKGI Investor Relations & Media Contacts: CMA Investor Relations Ronald Both or Grant Stude Tel (949) 432-7557 Email: [email protected] Chesapeake Group Tel (410) 825-3930 Email: [email protected]
