SOURCE: Monaker Group, Inc

Monaker Group, Inc

March 31, 2016 08:30 ET

Monaker Group Increases Alternative Lodging Inventory to 250,000 Units; New Units Available in Real-Time Booking

WESTON, FL--(Marketwired - Mar 31, 2016) - Monaker Group (OTCQB: MKGI) (the "Company"), a technology driven travel company, announced today that its NextTrip.com comprehensive booking platform has added over 150,000 units of vacation rental inventory, bringing the Company's current alternative lodging inventory to over 250,000 units. The Company also reported that as a new feature, these new properties can be booked instantly without the typical wait for a formal response from the property owner to confirm booking.

"This is an important step-up in inventory for the Company and we are pleased to have the new real-time booking feature on much of our new property inventory we're uploading and offering going forward. The increasing inventory and real-time booking solution are expected to be catalysts for our growth in 2016. We are committed to providing property owners and managers the opportunity to increase bookings for their properties and bringing travel customers great choices in real-time. Our new instant booking technology is expected to open the doors to a wider audience of customers who would prefer instant bookings as opposed to waiting for confirmation from a property supplier," said Mr. Bill Kerby, Chairman and Chief Executive Officer for the Monaker Group.

The new inventory and instant booking technology opens up an entirely new aspect of travel accommodations for our partners and allows travelers even greater flexibility in personalized vacation bookings. Additionally, Monaker has approximately 1 million alternative lodging units under contract and is in the process of certifying and uploading those additional properties onto the NextTrip site. This amount of alternative lodging inventory is believed to position Monaker as one of the largest in the rapidly growing alternative lodging industry.

About Monaker

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 with offices in California, the Company employs a dedicated team of travel and technology professionals.

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 28, 2015 which has been filed with the SEC and is available at the SEC's website at www.sec.gov.

Contact Information

  • CONTACT:
    Monaker Group
    Attention: Richard Marshall
    Director of Corporate Development
    Email: rmarshall@monakergroup.com
    Tel: (954) 888-9779

    Chesapeake Group
    Investor Relations
    Tel: (410) 825-3930