WESTON, FL--(Marketwired - Mar 29, 2016) - Monaker Group (OTCQB: MKGI) announced today its plans to add CustomTravelClubs.com as a preferred distributor for its multiple travel products including its growing alternative lodging inventory and Maupintour land and tour packages.
CustomTravelClubs.com, is a global brand servicing travel customers all over the world, and offers unique travel products to its exclusive members and builds custom tailored travel clubs for organizations. CustomTravelClubs.com sought out Monaker Group in order to gain access to its growing alternative lodging and vacation resort inventory for their members' travel needs. The alternative lodging industry is in a significant growth phase with current estimates of $100 billion for the industry and growing to $169 Billion by 2019 (source).
CustomTravelClubs.com currently offers hotels, car rentals, flights, packages and goods for discounted costs to their members, and has developed a technology built for crowdsourcing vacations, making it easier for large groups to collaborate and book together. Mike Putman, Founder and Chief Member Satisfactionist of CustomTravelClubs.com said about the agreement, "Our clients are looking for alternative accommodations around the world. CustomTravelClubs.com with over 100 years of combined travel experience was immediately drawn to the content rich offering of Monaker. We believe our customers will ultimately consume substantial quantities of these unique experiences and look forward to a long relationship as a distributor."
Mr. Bill Kerby, Chairman & CEO of Monaker Group, said, "We are excited to be sharing our inventory with such a unique travel club provider, and thereby continuing to grow our userbase. Mike has built several large and successful travel companies and we're excited to be an important supplier of alternative lodging to his new company. We expect this agreement to open new doors for more business opportunities in the near future."
About Monaker:
Monaker Group is a technology driven Travel Company with multiple divisions and brands, leveraging more than 60 years of operation in leisure travel. Monaker's flagship is NextTrip.com, the industry's first booking engine featuring alternative lodging (vacation home rentals, resort residences and unused timeshares) as well as a vast array of airlines, hotels, cruises, rental cars, tours and concierge services all combined in one platform to give customers the power of choice when booking their vacations. With key partnerships and established travel brands used as cornerstones, the Company's mission is to continue to expand offerings to become the "one stop" vacation center. Headquartered in South Florida with offices in California, the Company employs a dedicated team of travel and technology professionals.
About CustomTravelClubs.com:
CustomTravelClubs.com, is a one-stop provider of travel club platforms and solutions. Using custom-tailored solutions, the company helps its network provide travel benefits such as discounts and assistance to their customers when booking cruises, hotels, event tickets and more.
Safe Harbor Statement:
This press release contains forward-looking statements that involve risks and uncertainties concerning the plans and expectations of Monaker Group, Inc. These statements are only predictions and actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, some of which are out of our control. The potential risks and uncertainties include, among others, or the expectations of future growth may not be realized. These forward-looking statements are made only as of the date hereof, and Monaker Group, Inc. undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. All forward looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in Monaker Group, Inc.'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, 2015 which has been filed with the SEC and is available at the SEC's website at www.sec.gov.