When a would-be traveler is booking a trip, the last thing they want to do is wait around for hours or even days for the owner of an alternative lodging rental (ALR) to get back to them and confirm a booking of the property. Streamlining the travel booking process like never before, Monaker Group’s (OTCQB: MKGI) proprietary booking engine has solved one of the travel industry’s most frustrating problems: lack of access to instant booking confirmation for ALRs. The company is rolling out the technology with “white label” B2B integrations into main stream travel channels.
Hotel websites have long offered instant booking, letting travelers immediately see and have confirmation that they have successfully booked a hotel stay. However, for ALR properties, which include private vacation homes, apartments, condos, chalets, villas and even castles, those wishing to book a stay have been at the mercy of property owners to get back to them before they could complete a booking. Monaker has done away with that waiting game, however — much to the delight of travelers everywhere.
Monaker’s recently launched NextTrip website and accompanying NextTrip mobile app have solved the issue of ALR booking delays, providing users with a huge selection of instantly bookable ALR property choices throughout the world — instant confirmation, no waiting! NextTrip also lets users book other major travel services while they’re shopping for ALR properties, including conventional hotels, airlines, car rentals and tour packages, making NextTrip a true one-stop shop for travelers everywhere. In all, the NextTrip website and mobile app list over 1.2 million instantly bookable ALR properties along with 200,000 hotels, 400 airlines, every major rental car company and 10,000 activities for tourists.
The Monaker Booking Engine (MBE), a new cloud-based technology platform, powers NextTrip, delivering Monaker’s worldwide ALR inventory through a flexible API that also supports the distribution of the company’s ALR products to B2B travel industry partners. The company’s MBE and API have been built to the very latest industry standards, enabling customer integration into virtually any existing travel booking system.
ALR is one of the fastest growing sectors in the travel industry and is projected to grow at more than seven percent CAGR to reach $194 billion by 2021. The global online travel market is expected to reach $1,091 billion by 2022, according to a recent report from Allied Market Research. Monaker is seeking to capitalize on these incredible growth projections as it meets the rapidly increasing demand for easily bookable alternative lodging.
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