Before the opening bell, Monaker Group, Inc. (OTCQB: MKGI) announced a new partnership with Recruiter.com, an online global recruiting and career services site, to develop a custom travel club solution for its members. When complete, the new service will be available to all of Recruiter.com’s roughly three million members and followers, delivering customized travel and lifestyle offerings including highly discounted travel and vacation packages complete with special benefits such as concierge support, exclusive experiences and premium upgrades.
“We are pleased to be a trusted partner to Recruiter.com and look forward to delivering their members a high quality platform and exceptional customer support,” Bill Kerby, chairman and chief executive officer of Monaker, stated in this morning’s news release. “The partnership gives us another distribution outlet for our growing Alternative Lodging inventory and other travel products within our portfolio. Furthermore, the Recruiter.com Travel Club validates Monaker Group’s unique ability to build innovative products for both work and play.”
In recent weeks, Monaker has placed much of its focus on unlocking specialty lodging inventory through its large-scale travel distribution platform, NextTrip. On Tuesday, the company took a significant stride toward achieving this goal when it announced the integration of its proprietary timeshare booking engine, NextTrip Resorts, into its flagship booking platform. NextTrip Resorts offers a number of unique advantages over existing timeshare booking platforms, including instant booking confirmations on more than 250,000 units. In total, Monaker has approximately one million alternative lodging units under contract, positioning it as one of the largest players in the rapidly growing alternative lodging industry.
According to data from Research and Markets, the global vacation rental market is in a period of significant growth, with current estimates calling for the industry to exceed $169 billion by 2019. Timeshares and alternative lodging are expected to play a key role in this market performance as innovative new platforms, such as NextTrip Resorts, provide owners with the tools needed to offer the approximately 25 percent of timeshare, fractional and condo-hotel unit inventory that currently goes unused to consumers. With an estimated 19 million rooms falling under this category in high-demand vacation destinations around the globe, Monaker’s new platform positions it as a major force in a largely untapped market.
Monaker expects to obtain additional commitments from major hospitality companies and independent operators with national and international networks of resorts in the coming weeks, effectively strengthening the NextTrip platform. When combined with complementary ventures, such as the company’s newly-announced partnership with Recruiter.com, Monaker’s launch and expansion of NextTrip have it well-positioned to achieve considerable growth moving forward.
For more information, visit www.monakergroup.com
