By all accounts the hotel
industry today is witnessing a period of sustained growth amid the
efflorescence of travel industry technologies and options for consumers, with
positive indicators up across the board that range from baseline metrics such
as occupancy, to the average daily rate, and revenue per available room. The
outlook through this May for the top 25 North American markets looks to be up
by around 2.5 percent when it comes to committed occupancy (based on group
commitments and individual reservations) compared to the same period in the
previous year, according to TravelClick, the well-known revenue generating
solutions provider that helps hotels navigate the chaotic sea of online
reservations.
The success of sharing
economy-centric players such as Airbnb, which surpassed rival HomeAway last
year to have the biggest roster of vacation rental listings at over 1.2
million, has prompted many within the travel industry to predict an inevitable
intersection with traditional markets, from brick and mortar-focused big boys
like Wyndham Worldwide (NYSE: WYN), to tech-driven consumer facilitators like
Expedia (NASDAQ: EXPE), Priceline Group (NASDAQ: PCLN) and Tripadvisor (NASDAQ:
TRIP), or even new entrants like peer-to-peer marketplace innovators such as FlexWeek
(OTC: FXWK), which has developed a unique platform to harness the underserved
timeshare segment that allows timeshare owners to discover, book and offer
unused vacation time directly to the public or other owners. A handful of
companies today are truly poised to exploit the sharing economy sea-change and
the impact of the growing alternative lodging segment, but the potential
rewards for those who do are substantial to say the least.
Little surprise then that
Monaker Group (OTCQB: MKGI), the established travel industry player with over
six decades in operational leisure travel and a family of diverse
industry-enabling companies under its belt, today announced plans to add
CustomTravelClubs.com as a preferred distributor for its growing portfolio of
travel products. This is a smart move for Monaker, which has built up quite a
presence in the alternative lodging segment and continues to be recognized as a
trailblazer in such areas as land and tour escorted vacation packages thanks to
its Maupintour brand, which gained worldwide esteem back in the late 50’s as
the first company to arrange tourism into the Soviet Union after World War II.
CustomTravelClubs.com actually approached Monaker on behalf of its members in
order to obtain access to the company’s sizable inventory of alternative
lodging, escorted tours and other products, and with Maupintour, in particular,
enjoying the highest repeat rate in the industry among travelers, this
synergistic marriage is clearly a match made in heaven for both MKGI and
CustomTravelClubs.com.
Monaker is something of a
developing juggernaut within the industry, with companies such as its flagship
NextTrip.com, which developed one of the industry’s first booking engines to
feature alternative lodging alongside a comprehensive list spanning airlines,
cruises, hotels, rental cars, tours, and concierge services, as well as
Monaker’s travel, home and lifestyle products/services private savings club,
known as Home & Away Club. Monaker also offers Voyage TV, which boasts an
incredible library consisting of thousands of hours of travel footage from over
30 countries across the globe. Another major component is Monaker’s RealBiz
Media Group, a sophisticated digital media and marketing company focused on the
real estate industry, which has over twenty imaging technology-centric patents
for real estate platforms and an exclusive agreement with Realtor.com, as well
as a preferred supplier arrangement with Realogy (NYSE: RLGY) for virtual
tours.
Chairman and CEO of MKGI Bill
Kerby couldn’t contain his excitement at the prospect of sharing the company’s
mounting inventory with CustomTravelClubs.com, which he praised as a highly
unique travel club provider within the industry before going on to tout its
founder, Mike Putman, on account of his success in building up numerous large
and successful travel companies. Kerby was quite pleased to be on-board for
Putman’s latest expedition and anticipates not only mutual user base growth as
a result of the deal, but significantly beneficial business opportunities for
MKGI in the long run as well.
With over a century of combined
travel industry experience behind it, CustomTravelClubs.com is poised to become
a major fixture of the evolving travel industry landscape, acting as a one-stop
shop for travel club platforms and solutions. CustomTravelClubs.com employs a
highly tailored approach when it comes to providing travel benefits to its
members, such as discounts and assistance on everything from cruises and hotels
to event tickets. Facts which subsequently make CustomTravelClubs.com an ideal
partner for Monaker moving forward, especially when it comes to gobbling up
market share in the rapidly-emerging $100 billion-plus alternative lodging
segment, which is on track to hit upwards of $169 billion within the next three
years alone, according to a new report published by Research and Markets.
Take a closer look, visit
www.monakergroup.com
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