Travel and technology company Monaker Group, Inc. (OTCQB: MKGI) this morning announced that it has expanded the total number of instantly-bookable vacation rental properties available through its Monaker Booking Engine (MBE) to approximately 1.4 million units. “The addition of these new properties demonstrates that our MBE represents one of the most diverse and accessible ALR instant booking platforms for the travel industry with inventory of approximately 1.4 million unique units,” Bill Kerby, CEO of Monaker, stated in the news release. “Since the introduction of our proprietary booking engine last year, we’ve received growing interest by both product suppliers and potential distribution partners. This interest has been buoyed by strengthening consumer demand for instantly-bookable ALRs.” The new properties are now available on Monaker’s NextTrip booking platform, which is the industry’s first travel service to offer all ALR properties as instantly bookable. Monaker’s position at the forefront of the alternative lodging rental (ALR) market comes as demand for the properties continues to expand. According to Technavio, the ALR industry is expected to achieve a CAGR of seven percent to $194 billion in 2021, making it one of the fastest growing sectors of the travel industry.
To view the full press release, visit http://dtn.fm/6cWin
Monaker Group is a technology-driven travel company focused on delivering innovation to alternative lodging rentals (ALR) market. The Monaker Booking Engine (MBE) delivers instant booking of more than 1.2 million vacation rental homes, villas, chalets, apartments, condos and castles. MBE offers travel distributors and agencies an industry-first: a customizable instant booking platform for ALR. Monaker’s NextTrip.com B2C website, also powered by MBE, is the first to offer significant instantly-bookable ALR products along with mainstream travel products and services all on a single site. NextTrip also features rich content, imagery and high-quality video to enhance a traveler’s booking experience and assist in the search, decision and buying process for both individuals and groups. For more information, visit www.monakergroup.com or www.nexttrip.com.
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