WESTON, FL - (NewMediaWire) - January 08, 2016 - Monaker Group (OTCQB: MKGI), (the "Company") or ("Monaker"), a technology driven travel and digital marketing company, announced today its agreement with Saveon Resorts of Carlsbad, California ("Saveon") to introduce a market place offering timeshare owners the ability to directly market their unused timeshares to travel consumers. There are an estimated 20 million timeshare owner households that control over 11 million resort weeks at over 5,300 resorts worldwide, with 20 - 25 percent of the room nights that go unused. Under the terms of this agreement, Monaker will provide timeshare owners the opportunity to rent their timeshare fixed weeks, floating weeks or points through Monaker's NextTrip website and next generation travel booking platform being launched this month.
Visitors to the NextTrip website will be able to search available timeshare inventory and rent at the posted price or offer an alternative price which the renting owner can accept or decline. This is a unique opportunity for both timeshare owners and vacationers, as the launch will provide a marketplace for previously unused resort room nights to be distributed to the general public at great market pricing.
Monaker's NextTrip specialty lodging booking engine for this unique product will be branded as the "Marketplace". This program will be promoted through a multitude of Monaker marketing channels to timeshare owners and vacationers, including social media, timeshare developer owner services staff, advertorials, travel magazines, and numerous other distribution channels. The launch of the Marketplace will provide timeshare owners with a unique opportunity to provide access to their use rights at worldwide properties in a site dedicated to maximizing their income and potentially offsetting their annual maintenance fee. This will truly provide timeshare owners with a unique opportunity to monetize their unutilized inventory on a user friendly website. A true quantum leap for the timeshare industry while providing vacationers unique resort inventory as an alternative lodging option.
Monaker Group Chairman and Chief Executive Officer, Bill Kerby commented, "Following our acquisition of the AlwaysOnVacation ("AOV") platform (see the Company's news release dated October 30, 2015) and the CJ Software ("CJ") Booking Engine (see the Company's news release dated December 8, 2015), this agreement with Saveon and the buildout of the Marketplace was a logical step and fits extremely well into the new generation travel platform nexttrip.com we're launching this month." Mr. Kerby continued, "With this agreement and other agreements we expect to sign in the near term, our goal for our Marketplace solution is monetize the vast and unused resort inventory. This should dramatically enhance our alternative lodging offerings so that Monaker's inventory would rival some of the largest players in the industry."
Monaker is incorporating the AOV platform, the CJ booking platforms and the Marketplace into its NextTrip platform that will ultimately offer comprehensive lodging inventory including conventional lodging, alternative lodging, and unused timeshare units allowing consumers to search and book from the timeshare inventory in real-time without fear of any timeshare Member solicitation. The NextTrip platform will evolve to include a social media site with comprehensive lodging offerings, air, car, cruise, ground activities and luxury travel services. By combining all travel services our goal is to allow the consumer to research and book a complete vacation on the site as opposed to having to use multiple sites."
About Monaker Group:
Monaker Group is a digital media marketing company focusing on lifestyle enrichment for consumers in the Travel, Home and Employment sectors. Core to its marketing services are key elements including proprietary video-centered technology and established partnerships that enhance its reach. Consumers are quickly adopting video for researching and educating themselves prior to purchases. Monaker's video creation technology and film libraries combine to create lifestyle video offerings that can be shared both to its customers and through "trusted distribution systems" of its major partners. Monaker holds licenses and/or expertise in the travel, real estate and employment sectors allowing it to capture fees at the point of purchase while the majority of transactions are handled by Monaker's partners, eliminating much of the typical overhead associated with fulfillment. Monaker Group's core holdings include Maupintour, Nexttrip.com, AlwaysOnVacation.com, NameYourFee.com and RealBiz Media Group, helping it to deliver marketing solutions to consumers at home, work and play.
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.