WESTON, FL – February 7, 2019 – Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, today reported that 2 more of its contracted distribution partners have completed their integration and certification with the Monaker Booking Engine (MBE), thereby enabling them to begin searching and instantly booking from Monaker’s inventory of more than 2.6 million vacation rental properties.
“Monaker’s unique B2B white label solution for the instant booking of over 2.6 million vacation properties is fulfilling a long-felt need throughout the travel industry globally. Now, our partners, well-established travel distributors, consolidators, agencies and travel agents, can offer their clients Monaker’s global inventory of vacation rental (alternative lodging) properties, and then book and package them seamlessly with all the other travel services they provide (e.g. air, car, tours and cruises etc.),” said Monaker CEO Bill Kerby. “We’re seeing an encouraging increase in inventory searches and bookings as distributors complete integrations to begin using the system, commensurately, we expect to see a steady ramp in bookings throughout 2019 as more distributors go live and product availability and awareness grows.”
To date, 24 established travel distributors are under contract, of which 9 have recently completed their integrations to go live using the Monaker Booking Engine and vacation rental inventory. The company is working with 15 more distributors to complete their MBE integration and certification and has on-going discussions with more potential global distributors.
The MBE Application Program Interface (API) provides Monaker’s integrated travel distributors and their downstream partners with the ability to book commissionable vacation rentals within their existing reservation systems from Monaker’s global inventory of vacation rental homes, villas, chalets, apartments, condos, resort residences, and even castles. Because the Monaker inventory bookings are instantly confirmed, rather than waiting hours or even days for property owners to respond, the vacation rental can also be seamlessly booked alongside air, car and other travel reservations as a complete package.
About Monaker Group
Monaker Group, Inc., is a technology-driven travel company focused on delivering innovation to the alternative lodging rental (ALR) market. The Monaker Booking Engine (MBE) provides access to more than one million instantly bookable 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 Group, visit www.monakergroup.com.
Important Cautions Regarding Forward Looking Statements This release includes ”forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including ”will,” ”may,” ”expects,” ”projects,” ”anticipates,” ”plans,” ”believes,” ”estimate,” ”should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although Monaker believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. 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, 2018 and the company’s subsequently filed Quarterly Reports on Form 10-Q, which have been filed with the SEC and are available at www.sec.gov. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the company.