The company’s primary focus is to be a business to business supplier, offering major online travel distribution companies access to its instant booking Vacation Rentals properties by way of its API or a white label solution. This allows well established travel distribution partners immediate entry into the rapidly growing Alternative Lodging Rental (ALR) space. Monaker’s vacation rental products are formatted and bookable within the parameters of the travel distributors’ website. This low cost marketing solution delivers Monaker products to websites that already have millions of travel shoppers as opposed to spending significant marketing money to attract consumers to their website. The Company is in final stages of integration with its first major travel distributor to offer Monaker’s ALR inventory through their channels and anticipates several additional contracts this year.
The company also recently launched its NextTrip website, which features 1.4 million vacation rental properties for instant booking of Alternative Lodging Rentals as well as providing consumers comprehensive travel services including hotel, cruise, car rental and tour bookings through its own consumer facing website and app.
– Monaker Group’s 1.4 million instantly bookable vacation rentals expected to grow to over 2 million as it processes already contracted inventory.
– Approximately 65 percent of equity is held by insiders and directors, who have mostly funded the company’s travel business and technology build, inspiring more confidence for retail investors.
Monaker Group Inc. (OTC: MKGI) is a logistic company, expanding its portfolio through the integration of technology and tourism. The company presents an interesting investment opportunity as it gears to carve a niche in the online tourism market. It recently launched its proprietary booking engine and secured substantial inventory for instant booking of vacation rental properties. It further plans to introduce Artificial Intelligence to smoothen the process of online travel booking. The stock has shown solid growth in the recent past, which is expected to grow further as the Monaker Group goes ahead with its plans.
The online tourism market is expected to be worth over $817 billion by 2020 while the global vacation rental market is likely to touch $193.89 billion by 2021.
Read the full article at Baystreet.ca.