WESTON, FL, May 15, 2018 (GLOBE NEWSWIRE) -- Monaker Group (NASDAQ: MKGI), a travel and technology company
focused on the alternative lodging rental (ALR) market, has launched NextTrip.BIZ, a cloud-based business travel solution for small and medium-sized businesses
(SMBs).
NextTrip.BIZ is designed to reduce overall business travel costs by as much as 30%, simplify corporate travel management and
incentivize employees with a rewards program. The platform provides comprehensive, turn-key travel management service aggregating
and searching travel offerings from over 350 leading global distribution systems and supplier agreements. This results in
significant travel savings delivered into a single easy-to-use booking platform.
SMBs can create a customizable co-branded website that allows its employees secure access to exclusive "Big Enterprise"
travel-discounted pricing across air, car, hotel and other ancillary travel services. The new platform will also feature and
provide Monaker’s ALR inventory to business travelers. ALR is at the early stage of adoption by the business community and is
quickly gaining traction as a cost-saving solution for both business and convention travel. The company plans to integrate its ALR
inventory into the SMB platform when it releases the second-generation API of the Monaker Booking Engine. The new API is designed
to allow dynamic packaging of properties with air, car and other travel activities.
“Most SMBs are underserved in terms of economical travel solutions and support for managing corporate travel,” said Monaker CEO,
Bill Kerby. “Many businesses leave planning and booking corporate travel to the individual employee, who often has to search
multiple sites to complete his or her travel reservations. To be reimbursed for their travel expenses, they must manually
submit time-consuming expense reports. NextTrip.BIZ eliminates these inefficiencies while providing substantial and measurable
savings for the business, as well as savings on personal travel under an employee benefits program.”
Simple Signup, Instant Savings
The NextTrip.BIZ platform takes less than an hour to install and provides the SMB and its employees with a password-protected
custom travel site configured to the SMB’s particular travel policies. Users can expect to book travel within hours of signing up.
Searches can take into account a user’s personal preferences, with booking information logged for automated expense tracking and
reporting.
SMBs using NextTrip.BIZ may tailor their websites for customer loyalty or employee bonus-and-benefit programs. Business owners
can also allocate a portion of their travel discounts to offset the cost of administrating the benefits program, and pass along the
rest to customers and employees for their benefit while booking personal travel.
Companies hosting large corporate events and conferences may also provide NextTrip.BIZ as a benefit to attendees and share in
the discount to offset conference hosting costs. This service will also be available to government agencies looking to reduce
travel costs and improve travel management.
“NextTrip.BIZ offers the ideal SMB travel planning and tracking solution along with substantial savings," added Kerby,
"and will ultimately create another distribution channel for Monaker’s ALR inventory as more and more business travelers look
for better options to conventional lodging.”
About NextTrip.BIZ
NextTrip.BIZ is customizable business travel booking and management solution for small and medium-sized businesses. Through a
branded and customized website, business owners and employees can search for and securely access exclusive discounted pricing
across air, hotel/ALR, car, and other ancillary travel services. NextTrip.BIZ can be configured to an SMB’s particular travel
policies, with bookings recorded for easy corporate expense tracking and reporting. For more information, visit www.NextTrip.BIZ.
About Monaker
Monaker Group is a technology-driven travel company focused on delivering innovation to the alternative lodging rental (ALR)
market. The Monaker Booking Engine (MBE) delivers instant booking of more than one million vacation rental homes, villas, chalets,
apartments, condos, resort residences and castles. MBE offers travel distributors and agencies an industry-first: a customizable,
instant-booking platform for alternative lodging. For more about Monaker, visit www.monakergroup.com.
Important Cautions Regarding Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties concerning the plans and
expectations of Monaker. 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, the expectations of future growth may not be realized. These forward-looking
statements are made only as of the date hereof, and Monaker 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’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, 2017, which has been filed with the SEC and
is available at www.sec.gov.
Company Contact:
Richard Marshall
Director of Corporate Development
Monaker Group, Inc.
Tel (954) 888-9779
Email Contact
Investor Relations/Media Contacts:
CMA
Ronald Both or Grant Stude
Tel (949) 432-7557
Email Contact
Chesapeake Group
Tel (410) 825-3930
Email: info@chesapeakegp.com
