$MKGI, news gets better, much better
Monaker Group’s Booking Technology Unlocks Specialty Lodging Inventory
New-to-market timeshare and resort properties now available for vacation rental
Weston, Florida, April 26, 2016 – Monaker Group (OTCQB: MKGI), a technology-driven travel company, today announces that its proprietary timeshare booking engine has been integrated into the Company’s flagship booking platform, nexttrip.com, as NextTrip Resorts.
This enhancement will now allow timeshare owners and/or property managers to post their unused resort properties into nexttrip.com’s vacation rental inventory under NextTrip Resorts. These properties usually consist of suites with a living room, bedrooms and full kitchens at beautiful resort properties around the globe. Consumers will now be able to make real-time bookings or make offers on the amount they wish to pay to book a property.
The NextTrip Resorts platform is ground-breaking for the manner in which it allows timeshare owners the ability to market their unused timeshare, fractional, condo-hotel units to travelers. Today’s integration of NextTrip Resorts provides a number of unique advantages with a particular focus on resort 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.
Now that the platform is launched NextTrip will begin to aggressively pursue timeshare resort owners, developers and property management companies to access global, large-scale rental inventory for vacationers. Initial commitments and property offerings include inventory from Mexican resorts in beach destinations such as Cancun and the Riviera Maya, European inventory in destinations such as Greece, and resellers of inventory with product on a worldwide basis. In upcoming weeks, Monaker expects to obtain additional commitments from national hospitality companies and independent operators with national and international networks of resorts.
Monaker Chairman and CEO Bill Kerby states, “This technology and integration bolsters Monaker’s growing alternative lodging offerings to now include unoccupied timeshares, fractional share properties and mixed use developments with 4 or 5 star hotels and resorts in highly sought vacation destinations. Additionally, timeshare owner’s rank among the highest in individual vacation spends and form a much sought after demographic as potential NextTrip consumers for their travel.”
Jim Marmorstone, Monaker President adds that, "Today’s news is an important milestone for Monaker. Having spent a number of years in the hospitality, shared ownership and mixed use development industries, I’m truly excited to be a part of this technology and platform. Property developers, owners and managers should benefit greatly from our rental management solutions and distribution. NextTrip travel customers and platform partners will benefit from additional property inventory which should grow substantially from here.”
