SOURCE: Monaker Group, Inc

Monaker Group, Inc

April 26, 2016 08:30 ET

Monaker Groups Booking Technology Unlocks Specialty Lodging Inventory

New-to-Market Timeshare and Resort Properties Now Available for Vacation Rental

WESTON, FL--(Marketwired - Apr 26, 2016) - Monaker Group (OTCQB: MKGI), a technology-driven travel company, today announces that its proprietary timeshare booking engine has been integrated into the Company's flagship booking platform, nexttrip.com, as NextTrip Resorts.

This enhancement will now allow timeshare owners and/or property managers to post their unused resort properties into nexttrip.com's vacation rental inventory under NextTrip Resorts. These properties usually consist of suites with a living room, bedrooms and full kitchens at beautiful resort properties around the globe. Consumers will now be able to make real-time bookings or make offers on the amount they wish to pay to book a property.

The NextTrip Resorts platform is ground-breaking for the manner in which it allows timeshare owners the ability to market their unused timeshare, fractional, condo-hotel units to travelers. Today's integration of NextTrip Resorts provides a number of unique advantages with a particular focus on resort properties.

The NextTrip Resorts Platform:

  • Gives timeshare owners access to a large scale travel distribution platform allowing them to market their property and capture income when not using it
  • Owners can add/edit properties, monitor bookings and rent otherwise vacant properties
  • Vacationers gain access to high quality vacation suites with numerous amenities at high-end resorts worldwide.
  • This largely untapped inventory is estimated 19 million rooms of which roughly 25% go unused.

Now that the platform is launched NextTrip will begin to aggressively pursue timeshare resort owners, developers and property management companies to access global, large-scale rental inventory for vacationers. Initial commitments and property offerings include inventory from Mexican resorts in beach destinations such as Cancun and the Riviera Maya, European inventory in destinations such as Greece, and resellers of inventory with product on a worldwide basis. In upcoming weeks, Monaker expects to obtain additional commitments from national hospitality companies and independent operators with national and international networks of resorts.

Monaker Chairman and CEO Bill Kerby states, "This technology and integration bolsters Monaker's growing alternative lodging offerings to now include unoccupied timeshares, fractional share properties and mixed use developments with 4 or 5 star hotels and resorts in highly sought vacation destinations. Additionally, timeshare owners rank among the highest in individual vacation spends and form a much sought after demographic as potential NextTrip consumers for their travel."

Jim Marmorstone, Monaker President adds that, "Today's news is an important milestone for Monaker. Having spent a number of years in the hospitality, shared ownership and mixed use development industries, I'm truly excited to be a part of this technology and platform. Property developers, owners and managers should benefit greatly from our rental management solutions and distribution. NextTrip travel customers and platform partners will benefit from additional property inventory which should grow substantially from here."

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 real time 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. For more information visit the company's website at 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 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