WESTON, FL, Feb. 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, today reported it has contracted with six more established travel partners to integrate with the Monaker Booking Engine (MBE) and have access to Monaker’s instantly-bookable 2.6 million vacation rental properties.
The addition of these six new travel partners expands the company’s B2B travel distribution network to 30 contracted partners, nine of which have already completed integrations and starting to use MBE.
“Since connecting our next-gen MBE to the first travel partners late last year, there has been an encouraging increase in daily inventory searches and bookings through our platform,” commented Monaker CEO Bill Kerby. “The six new contracts reported today continue to expand our global distributor network through well-established travel brands across dozens of countries through partners specializing in travel offerings and accommodations for their customers.”
Monaker’s integrated travel distributors and their downstream partners, with their established travel booking platforms (aggregators, consolidators, online travel agencies and travel agents), can select from Monaker’s sizeable global vacation rental inventory comprising homes, villas, chalets, apartments, condos, resort residences, and even castles.
With the MBE Application Program Interface (API), Monaker provides its integrated travel distributors and their downstream partners with the ability to book commissionable vacation rentals within their existing reservation systems. Because Monaker inventory bookings are instantly confirmed, rather than waiting hours or even days for property owners to respond, the vacation rental 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 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.