Monaker Group CEO says focused on deployment of booking engine for 2020
"In fiscal 2019, we launched the travel industry's first B2B reservation system that supports instantaneous booking for more than 2.6 million alternative lodging rentals around the world," said Monaker CEO Bill Kerby. "The system also offers other innovations, including the instant booking capability to be integrated into virtually any reservation system with full customization, and commissionable bookings of vacation rentals combined with complete travel packages. This unique feature set has attracted now more than 30 travel partner engagements, including with one of the largest travel technology providers in the world." The company's contracted travel partners include travel aggregators, consolidators, tour companies, airlines, and more than 250,000 travel agents. Located primarily in North America, Europe and the Middle East, the partners are estimated to generate worldwide lodging bookings of more than $20B annually. "For fiscal 2020, we are focused on deploying our unique powerful booking engine with additional key travel partners," continued Kerby. "We anticipate several new integrations to be completed in the first half of the year, as existing deployments continue to ramp up their bookings on the system. While creating this revolutionary travel technology has been a tremendous undertaking with numerous challenges, we believe it has established Monaker as a key player in the vacation rental space."