WESTON, FL--(Marketwired - Aug 24, 2016) - Monaker Group (OTCQB: MKGI), a technology-driven travel company focused on the alternative lodging rental (ALR) market, announced today that it has completed the design, architecture and buildout of the Monaker Booking Engine ("MBE") and the Application Program Interface ("API") is complete.
The completion of the API and corresponding launch of the MBE allows Monaker to work towards partnering with large established Online Travel Agencies, tour operators, airline and cruise originators. Each of these groups will be able to access to Monaker's alternative lodging, timeshare and resorts inventory, in a Real-Time booking format to which they are accustomed. Monaker's Booking Engine allows real-time adjustment in inventory, commissions and service fees, which facilitates the ease of use of this platform and interface. This approach and real-time format is believed to be unique to Monaker. Most Alternative Lodging Companies still follow the request/response approach, slowing down the time it takes to receive confirmation.
"The completion of the MBE and API is an important milestone for the Company and our large inventory can now be distributed to our interested partners in the Alternative Lodging industry," said Bill Kerby, chairman and CEO of Monaker Group. "I'm very pleased with the functionality of the MBE and initial discussions with potential partners has suggested their desire to find a true 'Plug and Play' solution. We believe we can now uniquely provide this for the growing travel space. Our goal of becoming one of the larger players in the Alternative Lodging Rental industry can now occur rapidly and we should be adding several large travel industry partners in the near future."
About Monaker Group
Monaker Group is a technology driven Travel Company with multiple divisions and brands, leveraging more than 60 years of operation in leisure travel. Monaker's flagship is NextTrip.com, the industry's first booking engine featuring alternative lodging (vacation home rentals, resort residences and unused timeshares) as well as a vast array of airlines, hotels, cruises, rental cars, tours and concierge services all combined in one platform to give customers the power of choice when booking their vacations. With key partnerships and established travel brands used as cornerstones, the Company's mission is to continue to expand offerings to become the "one stop" vacation center. Headquartered in South Florida, the Company employs a dedicated team of travel and technology professionals. For more information, visit www.MonakerGroup.com
Safe Harbor Statement:
This press release contains forward-looking statements that involve risks and uncertainties concerning the plans and expectations of Monaker Group. These statements are only predictions and actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, some of which are out of our control. The potential risks and uncertainties include, among others, or the expectations of future growth may not be realized. These forward-looking statements are made only as of the date hereof, and Monaker Group, undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. All forward looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in Monaker Group'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 29, 2016 which has been filed with the SEC and is available at the SEC's website at www.sec.gov.