Before the opening bell, Monaker Group, Inc. (OTCQB: MKGI)
offered shareholders an update on its progress in the first half of 2016.
Although the company recorded strong revenue growth from Maupintour during the
first four months of the calendar year, Monaker’s primary focus has remained on
the impending launch of its alternative lodging and timeshare booking platforms
under the NextTrip.com banner. To date, the company has already contracted
approximately 1.1 million alternative lodging rental units for the NextTrip
Resorts platform, and it expects to add roughly 300,000 additional units in the
coming months.
“During the first five months of 2016, Monaker has built the
foundation for significant growth within one of the fastest growing travel
sectors,” Bill Kerby, chairman and chief executive officer of Monaker, stated
in this morning’s news release. “We look forward to strong revenue acceleration
for the balance of the year, tied to the launch of our state-of-the-art
alternative lodging and timeshare booking platforms later this month under our
NextTrip.com brand.”
Following its launch, Monaker’s next generation booking
platform will target vacationers, property owners and large travel distributors
with a number of cutting-edge features designed to give consumers access to
comprehensive vacation alternatives at the best possible prices. Leaning on the
power of Monaker’s proprietary ALR Booking Engine, NextTrip will enable
consumers to comprehensively search vacation travel destinations for a variety
of vacation essentials, including lodging products, air tickets, rental cars,
tour activities and restaurants. In an effort to broaden distribution, Monaker
will also look to supply ALR products to its channel partners, effectively
driving revenue acceleration by capitalizing on its partners’ existing
distribution networks.
Throughout the development of the NextTrip platforms,
Monaker has remained committed to introducing new and marketable features that
have been overlooked by major players in the travel sector. For example, the
company’s platforms will include real-time booking, eliminating the typical
wait for a formal response from the property owner to confirm bookings. Earlier
this year, Monaker reaffirmed its commitment to innovation in the space when it
engaged Primero Systems, a globally-recognized technology solutions provider,
to complete the next-generation architecture and partner integrations and build
out the flagship website for NextTrip.com.
As the roughly $1.3 trillion global travel industry continues
to experience a period of consolidation, with industry giants such as Expedia
(NASDAQ: EXPE) and Priceline (NASDAQ: PCLN) rapidly acquiring promising
upstarts in the space, Monaker’s growing presence in the burgeoning alternative
lodging sector, reinforced by a sizable property inventory and growing user
base, strategically positions the company for strong growth moving forward.
Look for Monaker to capitalize on this position as it approaches the official
launch of its alternative lodging and timeshare booking platforms later this
month.
For more information, visit www.monakergroup.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment