Monaker Group, Inc. (MKGI) Provides Shareholder Up
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Posted On: 06/01/2016 4:36:46 PM
Monaker Group, Inc. (MKGI) Provides Shareholder Update for First Half of 2016
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
Please read full disclaimers at http://disclaimer.missionir.com
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
Please read full disclaimers at http://disclaimer.missionir.com
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