Monaker Group, Inc. (MKGI) Well Positioned for Seismic Shift in Consumer Spending
According to a recent Nasdaq article (http://nnw.fm/kBav6), retail store earnings have not been moving much in the past few months. The research showed a shift in consumers habits whereby Americans are spending more on experiences such as travel and entertainment rather than clothing, accessories, and electronics. Services are now making up a large majority of consumer expenditures.
Healthcare and travel are at the forefront of spending, with healthcare making up 20% of total consumption, a number that’s up from just 5% in the 60’s. And information from First Data Corp. shows a rise in spending on travel of 8.6% since last year. On the flip side, sport shops, restaurants, cafes, and bars have seen a considerable drop.
As a result in this seismic shift in consumer spending, hotels and various other accommodation types have had to adapt their facilities and offerings to a broader clientele. The once inconceivable thought of staying in someone else’s home instead of a hotel has now become a growing trend. Still, there is not enough supply to fulfill the demand in terms of accommodation, and so hotels and hosts are pressured to be more tactful in the way they provide for their consumers.
Over the last decade, hotels and inns have expanded their facilities with sub-brands that suit a variety of consumers. These include luxury resorts, hotels, and other forms of unique accommodations. This shift is not only because of the lack of supply, but also the growing need for consumers to have an experience that is not alien to the place they are visiting. People increasingly seek a traditional experience associated with locale, and the accommodation is seen as part of that.
Technology-driven travel company Monaker Group, Inc. (OTCQB: MKGI) has provided consumers from around the world with the chance to search through and book a variety of accommodation types in order to meet the growing needs of the 21st century consumer. The website features a range of alternative lodging options that include not only hotel rooms, but resorts, villas, unused timeshares, apartments, and creative niche style accommodations that uniquely reflect individual locations.
In addition to the above, the company’s flagship NextTrip.com enables customers to book everything they need to organize the perfect holiday. MKGI works with a range of key partners and travel brands, enabling them to reach a large audience and tailor experiences accordingly. Monaker Group aims to continue expanding its portfolio in order to become the ‘one stop’ vacation center.
For more information, visit www.monakergroup.com
Please read full disclaimers at http://disclaimer.missionir.com
According to a recent Nasdaq article (http://nnw.fm/kBav6), retail store earnings have not been moving much in the past few months. The research showed a shift in consumers habits whereby Americans are spending more on experiences such as travel and entertainment rather than clothing, accessories, and electronics. Services are now making up a large majority of consumer expenditures.
Healthcare and travel are at the forefront of spending, with healthcare making up 20% of total consumption, a number that’s up from just 5% in the 60’s. And information from First Data Corp. shows a rise in spending on travel of 8.6% since last year. On the flip side, sport shops, restaurants, cafes, and bars have seen a considerable drop.
As a result in this seismic shift in consumer spending, hotels and various other accommodation types have had to adapt their facilities and offerings to a broader clientele. The once inconceivable thought of staying in someone else’s home instead of a hotel has now become a growing trend. Still, there is not enough supply to fulfill the demand in terms of accommodation, and so hotels and hosts are pressured to be more tactful in the way they provide for their consumers.
Over the last decade, hotels and inns have expanded their facilities with sub-brands that suit a variety of consumers. These include luxury resorts, hotels, and other forms of unique accommodations. This shift is not only because of the lack of supply, but also the growing need for consumers to have an experience that is not alien to the place they are visiting. People increasingly seek a traditional experience associated with locale, and the accommodation is seen as part of that.
Technology-driven travel company Monaker Group, Inc. (OTCQB: MKGI) has provided consumers from around the world with the chance to search through and book a variety of accommodation types in order to meet the growing needs of the 21st century consumer. The website features a range of alternative lodging options that include not only hotel rooms, but resorts, villas, unused timeshares, apartments, and creative niche style accommodations that uniquely reflect individual locations.
In addition to the above, the company’s flagship NextTrip.com enables customers to book everything they need to organize the perfect holiday. MKGI works with a range of key partners and travel brands, enabling them to reach a large audience and tailor experiences accordingly. Monaker Group aims to continue expanding its portfolio in order to become the ‘one stop’ vacation center.
For more information, visit www.monakergroup.com
Please read full disclaimers at http://disclaimer.missionir.com
