Friday, November 3, 2017

Monaker Group, Inc. (MKGI) Named Exclusive Provider of Alternative Lodging Rentals by Exponential

  • Monaker offers its worldwide inventory of more than one million vacation rentals, resort residences, chalets, and other properties
  • Integration is expected to begin within 30 days; clients can use the Monaker Booking Engine (MBE) for immediate ALR bookings rather than waiting for confirmations
  • Study: ALR industry is one of the fastest-growing segments of the travel business, projected to reach $194 billion by 2021, with a CAGR of 7%
Monaker Group, Inc. (OTCQB: MKGI) has been named the exclusive provider of alternative lodging rentals (ALR) to Exponential, a high-tech e-commerce platform provider (http://nnw.fm/iGDm1). Exponential owns EXPO2, a white-label program that drives revenues by offering charities and affinity groups the opportunity to offer donor savings on brands and travel. Their spending then becomes fundraising for their favorite charities or causes.
The XPO2/MBE integration is expected to begin within the next 30 days. Monaker’s vast inventory of travel rentals will have a higher profile and offer Exponential clients the opportunity to book immediately on the Monaker Booking Engine (MBE) rather than wait for confirmations to ALRs. Clients can customize the platform. A white-label program in travel is using the services of a third-party, such as a high-tech provider.
According to Technavio (http://nnw.fm/6fN57), the ALR industry is one of the fastest growing segments of the travel industry — projected to reach $194 billion by 2021, growing at a compound annual growth rate of 7%.
Bill Kerby, CEO of Monaker, said, “This new commercial partner with Exponential represents a major milestone for Monaker. It will deliver upon the promise of our technology in both a visible and meaningful way, as well as demonstrates the untapped world of possibilities created by our unique travel technologies. This new deployment also supports the fact that our B2B model and powerful booking agent represents the ideal solution for the many online travel industry players who are currently lacking an ALR offering.”
Dom Einhorn, CEO of Exponential, said that he was confident that its consumers would find true value in Monaker’s global inventory. He added that Monaker’s online booking engine would serve as a transaction driver “across our platform.” Exponential has a number of licensees, such as the greater than 100-team United Pro Soccer League and the Los Angeles Jr. Kings Hockey Club. It also has other organizations as clients across the U.S. and Australia.
Monaker delivers innovation to the ALR marketplace, using its MBE to deliver more than one million vacation rental homes, condos, resort residences, villas, chalets and other properties. Its advantage is that it offers instant booking of ALRs to travel agencies and distributors.
For more information, visit www.MonakerGroup.com
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