Earlier today, Monaker Group, Inc. (OTCQB: MKGI) announced
the filing of its Form 10K for the fiscal year ended February 29, 2016. In
addition to reporting a 66.3 percent year-over-year increase in travel and
commission revenue, the form highlighted the ongoing business evolution of
Monaker Group. In late 2015, the company implemented a strategy designed to
accelerate its travel sales through Maupintour, and the early results from
these efforts paint a promising picture for shareholders. Within the first
months of 2016, Monaker surpassed its revenues for the entirety of 2015, and a
dramatically strengthened balance sheet, which includes current liabilities of
just $3.03 million (as compared to the $12.1 million reported the previous
year), positions the company to build on this start throughout the balance of
this year.
To view the company’s Form 10K, visit http://dtn.fm/A4uby
In addition to its growth through its Maupintour subsidiary,
Monaker has made considerable progress in recent months toward the development
of its next generation NextTrip travel platform. In February, the company
introduced a beta of the new platform, and its management team has spent the
last 10 weeks preparing the site for full commercial launch. Notably, Monaker
has already secured an alternative lodging rental (ALR) inventory in excess of
1.1 million listings for the NextTrip platform, putting it on pace with
established industry leaders such as HomeAway, which was recently acquired by
Expedia (NASDAQ: EXPE), in terms of inventory.
“With the rapid increase in ALR inventory and the
development of the next generation NextTrip.com platform, Monaker is in a
stronger position to effectively compete and excel in the vast and lucrative
alternative lodging market,” Bill Kerby, chairman and chief executive officer
of Monaker, stated in today’s news release.
NextTrip will include integration of Monaker’s
state-of-the-art booking engine, allowing consumers to comprehensively search
vacation destinations for lodging products, as well as supplementary products
such as flights, rental cars and tour activities. According to today’s update,
the company’s innovative platform can also be integrated with channel partners
in order to broaden distribution and accelerate financial growth.
Look for Monaker to build on its strong revenue growth in
2015 through the impending launch of its NextTrip booking platform. With
roughly 53 percent of all travel now being booked through online travel
agencies, according to a report by the University of Iowa
(http://dtn.fm/4lgiD), and a strong U.S. dollar spurring increased overseas
tourism, Monaker’s latest foray into the travel industry could be set for a
favorable launch in the near term.
For more information, visit www.monakergroup.com
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