Monaker Group, Inc. (MKGI) Positioned to Benefit from Travel Industry’s Consolidation Trend
The proliferation of the internet over the past decade has had an undeniable effect on the global travel industry. In 2007, total online travel sales were estimated at just $93.8 billion, according to data from Statistic Brain (http://dtn.fm/G8uxx), but just five years later, the industry had grown to roughly $162.4 billion in sales. Today, approximately 148 million travel bookings are made on the internet each year, accounting for about 57 percent of all travel reservations. While air ticketing and packaged tours account for a healthy percentage of this revenue, the lion’s share is attributed to hotel and accommodation reservations. Led…