Provides Property Owners With Tools to Adequately Compete With Travel Industry Suppliers
WESTON, FL--(Marketwired - Aug 18, 2016) - Monaker Group (OTCQB: MKGI), a technology-driven travel company
focused on the alternative lodging rental (ALR) market, announced today that it has developed and launched a Premium Service for
property owners offering participants a solution for time management and property booking optimization.
Monaker's Premium Service for property owners was developed on the basis that travel industry suppliers (airlines, hotels, car
rental companies) have the tools to actively manage their rates on a minute-by-minute basis allowing them to react to competitive
pricing, utilization and other market conditions in efforts to maximize revenues. Unfortunately, the homeowner often lacks the
time and market knowledge to compete. The Premium Service is designed to help property owners address these inadequacies by
providing reservation services, pricing optimization and global distribution of their property. Key elements include:
- Management and control of the homeowner's calendar resulting in real-time booking capability.
- Management of all guest communications from booking to checkout including booking inquiries, booking requests and
emergencies around the clock, potentially saving many hours per week typically required managing property listings and
bookings.
- Providing global distribution across major global booking platforms and markets published with many language conversions
and offered in all major currencies worldwide.
- Management of property pricing with customized revenue & pricing management tools where property pricing is updated daily
to reflect real-time market conditions.
Monaker Chairman and Chief Executive Officer, Bill Kerby, stated, "The Alternative Lodging ("AL") market is known to be one of
the fastest growing segments in the Travel space. In fact, Research and Markets issued a Report earlier this year stating
'the global vacation rental market will reach $169.7 billion by 2019.' There are millions of property owners around the
globe seeking a prudent and manageable option to post their vacation rental properties as Alternative Lodgings. We at Monaker
have developed a solution that we believe will give the property owner an opportunity to increase their property booking revenue
nearly 50%, while reducing the time required to manage the property by 10 hours per week. In addition, this inventory will
give Monaker a boost in attracting more individual and possible unique properties to our already growing AL inventory.
"The Premium Service provides property owners seeking to rent their unit(s) expanded distribution across all major channels,
language conversions for a worldwide reach, dynamic pricing and revenue management tools, and reservations services. Pilot
marketing for the Premium Service clients suggests they could expect up to a 50% or greater increase in year over year booking
revenue with a significant reduction in the time required to manage their property. When Premium Service customers provide
the Company the physical address of the rental property, they will receive a timely custom analysis for the property, providing
an estimate of expected growth in incremental year over year rental revenue by participating and listing in the Premium
Service.
"Property owners already working with other major booking platforms that list or join the Monaker Premium Service should
expect to receive a complete audit of the booking history applying the Monaker team's expertise in optimizing the property
listing(s) for occupancy and booking revenue, while managing the listings and associated reservations. Monaker's technology,
platform architecture and partnerships position the Premium Service listings on up to 50 major global booking platforms in
multiple languages worldwide.
Monaker Chairman and CEO Bill Kerby concluded, "The Premium Service leverages our deep expertise in inventory acquisition,
reservations services, technology and distribution. We see this as a win-win scenario, ultimately delivering more real-time
bookable inventory to the market, and greater choice in inventory to travel consumers."
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 real time 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, the Company employs a
dedicated team of travel and technology professionals. For more information visit the company's website at www.monakergroup.com
Safe Harbor Statement:
This press release contains forward-looking statements that involve risks and uncertainties concerning the plans and
expectations of Monaker Group. 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, 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'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 29,
2016 which has been filed with the SEC and is available at the SEC's website at www.sec.gov.