Monaker Group, Inc. (OTCQB: MKGI) is traveling far and fast.
In a recent interview with investor relations firm MissionIR, CEO Bill Kerby
recapitulated the company’s most recent achievements and its prospects in the
growing online travel-booking marketplace. Statista estimates
(http://dtn.fm/6rOeB) that global international tourism revenue in 2014 was
$1,245 billion. Of that, about 27 percent, or $340 billion, was online
travel-booking revenues. Online travel agency (OTA) revenues are expected to
continue growing at 12 percent annually, according to this Forbes piece
(http://dtn.fm/BIjt4). OTA websites have evolved to accommodate this increased
demand and now may offer information and access to airlines, hotels and
alternative lodging, car rentals, cruises, rail and a combination of any of the
above, referred to in the industry as ‘packaged travel’.
In the middle of 2015, Monaker restructured its operations
to take advantage of what CEO Bill Kirby has described as ‘the hottest space in
travel… alternative lodging’. This is where people rent vacation homes rather
than hotel rooms. An 8-K filing in June 2015 published the company’s name
change to Monaker Group, Inc. and a 1-for-50 reverse stock split, known
colloquially as a rollback. In October 2015, Monaker announced
(http://dtn.fm/CHpJ0) that it had acquired AlwaysOnVacations, a large and very
popular global platform. AlwaysOnVacations had, by the end of 2014, listed 65,000
properties in 120 countries. It also had 60 affiliated partner websites,
available in 16 languages, and about 700,000 subscribers worldwide to its
newsletters, also available in 16 languages.
The AlwaysOnVacations properties are part ‘of close to 1.2
million homes’ that Monaker has ‘under contract’, part of its strategy of
cultivating ‘significant partnerships for accessing inventory’. As CEO Bill
Kirby pointed out, inventory of that size would make Monaker as big as
HomeAway, which was acquired by Expedia (NASDAQ: EXPE) in December 2015 for
$3.9 billion. In March 2016, Monaker said that subsidiary Maupintour had signed
a sponsorship agreement with Trisept Solutions, creators of VAX VacationAccess
and Xcelerator. VAX VacationAccess is an award-winning leisure travel
marketplace that is used by over 70,000 travel agents. Xcelerator is a new,
revolutionary agency management platform that enables travel agents to capture
extensive client profile and trip information.
Also in March 2016, the company announced its plans to add
CustomTravelClubs.com as a preferred distributor of its multiple travel
products, including its growing alternative lodging inventory and Maupintour
land and tour packages. CustomTravelClubs.com is a global brand servicing
travel customers all over the world, and it offers unique travel products to
its exclusive members and builds custom tailored travel clubs for
organizations. And, also in March, the company’s comprehensive booking
platform, NextTrip.com, added over 150,000 vacation rental 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.
In April 2016, the company made public some details of a
partnership with Recruiter.com, an online global recruiting service with close
to three million accounts. Also in April 2016, it announced the engagement of
Primero Systems to upgrade its flagship travel website, NextTrip.com.
NextTrip.com is 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.
Monaker’s travel assets now include Maupintour, with over 65
years in tour-guided vacations; Voyage.TV, with its thousands of hours of
travel footage shot in over 30 countries around the world; AlwaysOnVacations,
with its 250,000 listed properties; and NextTrip.com. NextTrip is traveling in
areas left uncharted by AirBnB, HomeAway, Priceline and FlipKey by offering
both proprietary and partner-held alternative lodging accommodation,
traditional hotel accommodation, timeshare and resort inventory, real-time
booking, a bidding platform, video content, car rentals, cruise packages,
tours, airline bookings, and access to real live travel agents. It may be time
for investors to take their next trip with Monaker.
For more information, visit www.monakergroup.com
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