07/18/2019 | Press release | Distributed by Public on 07/18/2019 07:20
WESTON, FL - July 18, 2019 - Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, reported that another well-established, leading travel company has completed its integration and certification of the Monaker Booking Engine (MBE). The travel company can now offer its customers instantly-bookable inventory of more than 2.6 million vacation rental properties through established channels.
'This integration with our largest travel distributor to date dramatically expands our reach in Europe, with their travel platforms operating in more than a dozen countries and booking vacation packages for hundreds of thousands of travel customers every month,' said Monaker CEO, Bill Kerby. 'Given the growth in our property inventory, we can provide many lodging options to accommodate their travel customers.'
Of the 30 established travel distributors contracted to use MBE for vacation rental bookings, 13 have completed their integrations and are currently searching and booking Monaker vacation rental properties. Given the pent-up demand for a B2B solution like MBE that can be integrated into virtually any existing reservation system, Monaker continues to attract interest by potential travel partners from around the globe.
The MBE Application Program Interface (API) allows for rapid integration with travel distributors and their downstream partners, providing them the ability to book commissionable vacation rentals within their existing reservation systems. Monaker's global inventory includes vacation rental homes, villas, chalets, apartments, condos, resort residences, and even castles. Because the bookings can be instantly confirmed, rather than having to wait hours or even days for property owners to respond, Monaker vacation rentals can 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 2.6 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, 2019 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.