The business model proposed by Monaker Group, Inc. (OTCQB: MKGI) and the group’s innovative approach to the alternative vacation rental market are discussed in depth by leading financial news and information portal SECFilings.com (http://dtn.fm/A5Mjn). Noting that Monaker Group, a technology-driven tourism company offering comprehensive travel solutions and personalized tours, has a unique position and approach to real-time alternative travel lodging reservations, the article goes on to explain how this business model is different and more efficient than others on the market.
According to Euromonitor data quoted by the article, global tourism is expected to have a modest compound annual growth rate of only four percent through 2019. However, the industry currently sits at $2.7 trillion and is ripe for innovative solutions and approaches. Some industry players have already begun to change their approach in their drive to engage and retain customers and drive sales. For instance, Priceline Group Inc. (NASDAQ: PCLN) has already changed how travelers book hotels and airfare, while Airbnb is questioning the need to actually use hotels when traveling and instead focusing on alternative lodging solutions.
While Airbnb remains an innovator in the field, the problem with its system is that most of the properties listed are not bookable in real time, the SECFilings.com article says. This means travelers looking for accommodation through the website must first wait for property owners to reply and confirm their bookings. While many budget travelers might not have a problem with that, tourists who have a tendency to plan their vacations in great detail usually look for a more seamless travel and accommodation experience, such as the one offered by a hotel.
Monaker Group, via its NextTrip.com booking platform, provides a solution to this dilemma by offering real-time booking options to travelers. The group has over 1.4 million alternative lodging rentals in its portfolio, properties spread throughout Asia, Europe, South America and the United States. By offering real-time booking, the group wants to solve a major problem on the alternative rentals market and to eventually integrate with airlines and online travel agencies so that they can provide access to alternative lodging options outside of the traditional hotel listings.
The NextTrip platform, launched in February of this year, offers travelers access to a large inventory of alternative lodging options, as well as hotels, tours, airlines, rental cars, and more. The NextTrip planner also allows users to import their bookmarks from other websites, look for tourist attractions in their vicinity, and even split the costs among their traveling party members based on each person’s participation.
Monaker Group has already sealed various partnerships with other travel industry companies to expand and integrate the NextTrip platform. Back in August, Monaker signed a deal with Mark Travel’s travel technology division, Trisept Solutions, to integrate its booking platform. Another step toward integrating real-time vacation rentals into the mainstream travel industry was taken earlier this month, when Monaker announced a new loyalty program and travel service as part of its partnership with Recruiter.com.
The SECFiling.com article further notes that Monaker Group’s ambitions don’t stop here, as the company’s management has plans to offer solutions for every challenge travelers face, with the goal of making the travel experience more seamless for every tourist using their services.
For more information, visit www.MonakerGroup.com
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