Before the opening bell, Monaker
Group, Inc. (OTCQB: MKGI) announced a new agreement with Trisept Solutions, a
division of The Mark Travel Corporation. Through this partnership, Trisept will
both power Monaker’s flagship NextTrip.com brand with its Synapse travel
merchandising platform and distribute its alternative lodging inventory through
VAX VacationAccess, Trisept’s premier travel agent portal. This agreement is
expected to fuel NextTrip’s forward growth by enabling expanded product
offerings and distribution in the months to come.
“Trisept has the most advanced
technology available for leisure vacation packaging today,” Bill Kerby,
chairman and chief executive officer of Monaker, stated in this morning’s news
release. “Expanding NextTrip’s capabilities and access to agents and consumers
will accelerate our growth and differentiate us from our competition.”
By integrating NextTrip’s
product offerings into Trisept’s VAX platform, Monaker’s sizable inventory of
vacation home rentals, resort residences, rooms and unused timeshares will be
available to a network of over 70,000 travel agents. NextTrip’s inventory will
give these agents an easy, commissionable option for selling vacation rentals
to clients. Integration of NextTrip into both Synapse and VAX is expected to
take place over the next several months, with the companies setting a target
completion date of the end of this year.
Monaker’s newly-announced
distribution agreement with Trisept continues to build on the development
strategy the company’s management team outlined in its June shareholder update.
In addition to searching out new channel partners in order to broaden
distribution of NextTrip’s more than 600,000 properties, Monaker has remained
focused on structuring new relationships with established travel clubs,
operators and distribution groups. In the June update, the company’s management
team highlighted new relationships with the Recruiter.com Travel Club and
20,000 travel agents via International Travel Organization, and its newest
agreement with Trisept is expected to play a key role in continuing to expand
the distribution capabilities of the NextTrip platform.
Moving forward, Monaker will
look to build on the number of alternative lodging rental units available on
its NextTrip Resorts platform. The company boasted an impressive 125,000
available units following the beta launch of its platform in February, and it
reported roughly 1.1 million total units under contract in early June. This
sizable inventory, combined with the distribution capabilities of Trisept’s VAX
portal, could set the stage for considerable market growth as Monaker continues
to bolster its foothold in the growing travel industry.
“Integrating NextTrip’s product
offerings into our VAX platform will give agents for the first time instant
confirmation and an easy, commissionable way to sell vacation rentals,” John
Ische, president and chief executive officer of Trisept, concluded in an August
15 news release.
For more information, visit
www.monakergroup.com
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