Committed to building innovative companies and bringing unique product sets to the marketplace
Monaker Group, Inc. (OTCQB: MKGI) is a technology-driven travel company leveraging its resources to become a significant presence in the fastest growing sector of the $1.3 trillion travel and tourism market. The company's flagship brand, NextTrip.com, is the industry's first and only real-time booking engine that features alternative lodging (vacation home rentals, resort residences and unused timeshare inventory), as well as a full selection of airlines, hotels, cruises, rental cars, tours and concierge services. These features are combined into a single, easy-to-use platform that gives travelers complete real-time control when planning and booking their vacations.
- Unique and Competitive Travel Offerings to Global Destinations
Assembled Multiple Key Travel Brands and Partnerships
Proprietary Technology Creates Comprehensive Booking Platform
Positioned to Scale in Budding Alternative Lodging Space
Innovative First Mover in Lucrative Tourism Industry
Led by Experienced Travel, Technology and M&A Team
Established portfolio of travel brands its catalyst for diverse yet sturdy foundation of growth
According to data from the U.S. Travel Association, direct spending on leisure travel by domestic and international travelers topped $650 billion in 2015. When combined with the fact that roughly 64 percent of travel companies are still considered small businesses, Monaker's all-inclusive approach to vacation booking through its NextTrip and Maupintour brands strategically positions the company for sustainable growth moving forward.
NextTrip.com combines multiple booking solutions into a highly intuitive real-time booking platform. Since its launch in February 2016, NextTrip has already grown to more than 250,000 units of vacation rental inventory. Monaker currently has roughly 1 million additional alternative lodging units under contract that will soon be added to the platform, which will place NextTrip among the top three largest vacation rental inventories and rival industry peers (Airbnb and HomeAway) in the rapidly expanding alternative lodging market. Unlike the competition, which book by request and can take hours or days before a lodging owner confirms the reservation, the vast majority of NextTrip's platform books in real-time, similar to online hotel bookings.
NextTrip listings are in desirable locations span the globe with a concentration in the U.S., the EU and the Caribbean with about 20% exclusive listings. Monaker expects rapid exclusive listing growth because unlike the competition, Monaker's primary model is a commission upon booking and may charge auxiliary fees based upon the transaction.
Monaker has also integrated its proprietary timeshare booking engine, NextTrip Resorts, which will now allow timeshare owners and/or property managers to post their unused resort properties into NextTrip's vacation rental inventory. As an added feature, consumers can make an offer for even greater savings on these properties.
The NextTrip Resorts Platform:
- Gives timeshare owners access to a large scale travel distribution platform allowing them to market their property and capture income when not using it
Owners can add/edit properties, monitor bookings and rent otherwise vacant properties
Vacationers gain access to high quality vacation suites with numerous amenities at high-end resorts worldwide.
This largely untapped inventory is estimated 19 million rooms of which roughly 25% go unused.
| ||In business for 65 years, Monaker's Maupintour still leads the tour industry in the creation of outstanding, unique itineraries and has the highest repeat rate in the tour industry. The brand's upscale luxury services create a unique blend with the various product offerings of NextTrip. |
| ||Monaker is also the parent company for Voyage TV, which has thousands of hours of travel footage shot in over 30 countries worldwide. These 15,000 video clips of hotels, resorts, cruise and destination activities are a treasure trove for vacation travel marketing. |
Established relationships with strategic channel partners provide significant inventory and distribution opportunities and pathways
- Largest travel wholesaler in North America
Mark Travel has approximately 70,000 Travel Agents using their system
60+ million customers including Southwest Airlines, Hilton and Hyatt Vacations and United Airlines
International Travel Organization (ITO)
- 20,000+ travel agents worldwide
Agreement to supply Monaker's alternative lodging and tour products
Expected $2 million contribution initial year
Partnership with Monaker to develop a custom travel club solution offering for Recruiter.com membersRecruiter.com will offer the new travel club solution to its three million current members and followers Members will enjoy highly discounted travel and vacation packages (through Monaker's NextTrip Platform), along with special benefits such as concierge support, exclusive experiences, and premium upgrades.
Today's Travel Market
Innovatively serving one of the world's largest industries
Travel and tourism is one of the world's largest industries. As more consumers manage their travel reservations online, global online travel revenues have experienced a significant uptick and are expected to grow to US$762 billion by 2019, according to research from Statista.
Alternative lodging (vacation home rentals, resort residences and unused timeshare inventory) – a primary focus for Monaker - is the fastest growing travel sector, and is expected to reach $169 billion by the same year. By participating in this lucrative space, Monaker is positioned to join the ranks of industry leading peers. For comparison:
- More than 1.5 million listings in 190 countries
Acquired several peers
Raised $1.5 billion in 2015
Estimated $25.5 billion valuation
- More than 1.2 million property listings in 190 countries
Completed 22 acquisitions
Bought by Expedia for $3.9 billion in December 2015
As the travel industry's first alternative lodging and fully comprehensive booking site, Monaker's NextTrip platform is increasing its property rental product at a competitive 8% to 12% margin and is targeting more than 1 million alternative lodging properties in 2016. As a hub for global travel, NextTrip is a fully comprehensive platform offering booking services for hotels, resorts, vacation rental homes, timeshare rentals, airlines, cruises, tours and land packages, and rental cars – the hottest markets in today's travel and tourism industry.
Corporate Initiatives for 2016
EXPAND – EXPAND – EXPAND
- Strengthen video and technology capabilities
Integrate with consumer direct channel partners
Utilize untapped lodging sources, and integration of CJ Software platform and technology, to expand alternative lodging
INTEGRATE ALL TRAVEL OFFERINGS
- On NextTrip.com - the travel industry's first comprehensive alternative lodging and travel booking site
- Link site with established partners
Launch marketing to grow direct-to-consumer
Link platform to more than 110,000 travel agents
BECOME AN INDUSTRY LEADER
- Grow the alternative lodging industry inventory to be in the top of the industry
| ||2015 ||FY 2016 ||FY 2017 |
|Revenues in millions ||$0.7 ||$11.84 ||$86.48 |
|EBITDA ||n/a ||$2.33 ||$62.06 |
Leadership, Experience and Depth
Bill Kerby – Founder, Chairman & Chief Executive Officer
Bill Kerby has over 26 years of experience in the travel and media industries, preceded by 10 years of experience in financial industry. Key milestones include the founding of one of the largest video creation companies in the North American real estate industry; R&R Television Network, with distribution into 34 million households; TravelByUs, a small-cap NASDAQ company that completed 21 travel industry-related acquisitions; and Leisure Canada, with 210 agencies, international tour operations in Great Britain, France, South Africa and the South Pacific, travel magazines and a Cuban hotel development. Prior to this he held and operated the master franchise for Thrifty Car Rental – B.C. Kerby holds a Specialized Honors Economics Degree York University.
Omar Jimenez - Chief Operating Officer & Chief Financial Officer
Omar Jimenez is an operationally oriented executive with over 33 years of multi-industry experience in building, strengthening and leading national and multinational, public and private companies. He has been involved with a number of public offerings and placements (and responsible for regulatory reporting) in the U.S. and in the UK, and has participated in other venues to raise funds (e.g. debt, equity, joint venture, etc.). He has held a variety of senior financial management positions, including CFO at EpiCenter Development, a real estate developer with combined projects amounting to $6 billion, and president and CFO at American Leisure, focusing on leisure and business travel, hospitality and hotels, call centers and real estate development. Jimenez also served as director of operations for US Installation Group, Inc., a selling and installation group for The Home Depot, and CFO and VP of Onyx Group, Inc. a conglomerate with over 700 employees and annual revenues exceeding $400 million. Jimenez holds a BBA in accounting and a BBA in finance from the University of Miami, and an MBA from Florida International University. Jimenez is CPA, CGMA and a CPCU.
James Marmorstone - President
James Marmorstone has 34 years of experience in mixed-use real estate and the hospitality industry, much related to the design, implementation and/or management of club programs, hotels, resorts, shared ownership properties, vacation home properties and mixed use developments. James served as president of Tenstar where he personally designed, implemented and/or managed over 60 branded and independent shared ownership and timeshare developments (e.g. Sky Hotels & Resorts, Fairmont Raffles Hotels International, Sol Meliá Hotels, and Floridays). He also served on the executive committee of Wyndham Vacation Ownership.
Jeff Idso - VP Business Development
Founder and CEO of AlwaysOnVacation, Inc., a global leader in the marketing and distribution of vacation rental properties. Previously he served as President & CEO of YellowPages Travel, where he developed proprietary booking technology for Internet Yellow Page companies enabling consumers to make bookings directly from Internet Yellow of travel business listing data for the IYP industry. Served as SVP Marketing & Business Development at Golf Media Inc., developing licensing and distribution partnerships with Pebble Beach Corporation, Sharper Image, EA Software, Booklegger, and many others.
Curtis Krauskopf - Chief Technology Officer
Curtis Krauskopf has over 35 years of experience with engineering, entrepreneurship, management and team building. He previous was CTO for Access Vacations and owner of his own start-up company. Recently, he was a team lead for LiveTV – Thales, originally a subsidiary of JetBlue, where he helped to design the software to interface between specific aircraft tails and a satellite broadcasting in the Ka band. Prior to this, Curtis served with Raydon Corporation for serious game development, design and engineering, which included the M1A1 Abrams tank simulator. Curtis also worked with Nova Technologies, Quantum3D, and BAE Systems, which provided image generator platforms for United States Special Operations Command, TH-57C helicopter simulations, landing signal officer trainer and P3-REWT image generation simulations for the Navy, and system simulation software for the Future Combat systems (FCS) and Bradley Fighting Vehicle (BFV) Instructor Operator Station (IOS) code development. Prior to his work in DOD projects, he worked in the commercial sector for a wide variety of companies and industries for over 20 years. Curtis is a graduate of Purdue University with a degree in computer and electrical engineering. He is currently a contributing editor for C++ Builder Developer's Journal.
Board Member and additional Management Bios can be viewed on the Company's website www.monakergroup.com
Safe Harbor Statement:
This profile contains forward-looking statements that involve risks and uncertainties concerning the plans and expectations of Monaker Group. These statements are only predictions and actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, some of which are out of our control. The potential risks and uncertainties include, among others, or the expectations of future growth may not be realized. These forward-looking statements are made only as of the date hereof, and Monaker Group, undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. All forward looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in Monaker Group's annual, quarterly and special reports, proxy statements and other public filings with the Securities and Exchange Commission ("SEC"), including, but not limited to, the Company's Annual Report on Form 10-K for the period ended February 28, 2015 which has been filed with the SEC and is available at the SEC's website at www.sec.gov.
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Formerly=Maximus Explorations Corp. until 10-2008
The management team includes professionals from the travel industry, the broadcast and cable television industries (aka "video"), Internet advertising development and sales, interactive television (e.g., video-on-demand), radio broadcasting, computer programming and platform development. This unique combination of skill sets assembled by Next One represents a major competitive advantage in the pursuit of Company objectives. Next One has effectively created a dynamic team providing comprehensive marketing services which combine the best of old media with cutting edge new media to the benefit of the company's clients and advertisers.
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