Monaker Launches NextTrip.BIZ, a Cloud-Based Corporate Travel Solution for Small and Medium-Sized Businesses
https://www.nasdaq.com/press-release/monaker-launches-nexttripbiz-a-cloudbased-corporate-travel-solution-for-small-and-mediumsized-20180515-00804
WESTON, FL – May 15, 2018 – Monaker Group (NASDAQ: MKGI), a travel and technology company focused on the alternative lodging rental (ALR) market, has launched NextTrip.BIZ, a cloud-based business travel solution for small and medium-sized businesses (SMBs).
NextTrip.BIZ is designed to reduce overall business travel costs by as much as 30%, simplify corporate travel management and incentivise employees with a rewards program. The platform provides comprehensive, turn-key travel management service aggregating and searching travel offerings from over 350 leading global distribution systems and supplier agreements. This results in significant travel savings delivered into a single easy-to-use booking platform.
SMBs can create a customizable co-branded website that allows its employees secure access to exclusive Big Enterprise travel-discounted pricing across air, car, hotel and other ancillary travel services. The new platform will also feature and provide Monaker’s ALR inventory to business travellers. ALR is at the early stage of adoption by the business community and is quickly gaining traction as a cost-saving solution for both business and convention travel. The company plans to integrate its ALR inventory into the SMB platform when it releases the second-generation API of the Monaker Booking Engine. The new API is designed to allow dynamic packaging of properties with air, car and other travel activities.
“Most SMBs are underserved in terms of economical travel solutions and support for managing corporate travel,” said Monaker CEO, Bill Kerby. “Many businesses leave planning and booking corporate travel to the individual employee, who often has to search multiple sites to complete his or her travel reservations. To be reimbursed for the travel expense, they must manually submit time-consuming expense reports. NextTrip.BIZ eliminates these inefficiencies while providing substantial and measurable savings for the business, as well as savings on personal travel under an employee benefits program.”
Simple Signup, Instant Savings
The NextTrip.BIZ platform takes less than an hour to install and provides the SMB and its employees with a password-protected custom travel site configured to the SMB’s particular travel policies. Users can expect to book travel within hours of signing up. Searches can take into account a user’s personal preferences, with booking information logged for automated expense tracking and reporting.
SMBs using NextTrip.BIZ may tailor their websites for customer loyalty or employee bonus-and-benefit programs. Business owners can also allocate a portion of their travel discounts to offset the cost of administrating the benefits program, and pass along the rest to customers and employees for their benefit while booking personal travel.
Companies hosting large corporate events and conferences may also provide NextTrip.BIZ as a benefit to attendees and share in the discount to offset conference hosting costs. This service will also be available to government agencies looking to reduce travel costs and improve travel management.
“NextTrip.BIZ offers the ideal SMB travel planning and tracking solution along with substantial savings,” added Kerby, “and it will ultimately create another distribution channel for Monaker’s ALR inventory as more and more business travelers’ look for better options to conventional lodging.”
About NextTrip.BIZ
NextTrip.BIZ is customizable business travel booking and management solution for small and medium-sized businesses. Through a branded and customized website, business owners and employees can search for and securely access exclusive discounted pricing across air, hotel/ALR, car, and other ancillary travel services. NextTrip.BIZ can be configured to an SMBs particular travel policies, with bookings recorded for easy corporate expense tracking and reporting. For more information, visit www.NextTrip.BIZ.
About Monaker
Monaker Group is a technology-driven travel company focused on delivering innovation to the alternative lodging rental (ALR) market. The Monaker Booking Engine (MBE) delivers instant booking of more than one million vacation rental homes, villas, chalets, apartments, condos, resort residences and castles. MBE offers travel distributors and agencies an industry-first: a customizable, instant-booking platform for alternative lodging. For more about Monaker, visit www.monakergroup.com.
Important Cautions Regarding Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties concerning the plans and expectations of Monaker. 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, the expectations of future growth may not be realized. These forward-looking statements are made only as of the date hereof, and Monaker 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’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, 2017, which has been filed with the SEC and is available at www.sec.gov.
Richard Marshall
Director of Corporate Development
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