Monaker Alternative Lodging Inventory Goes Live on Agoda Through RateGain Connection
Monaker Group, Inc. (NASDAQ: MKGI) announced the integration of its Monaker Booking Engine (MBE) with Agoda, a digital travel platform under Booking Holdings. This partnership allows Agoda's extensive customer base to access Monaker’s alternative lodging rentals instantly. The integration is facilitated by a RateGain connection, enhancing the travel experience with more choices for quality accommodations at competitive prices. Monaker's CEO emphasized the company’s commitment to expanding access to a global inventory of vacation rental properties.
- Monaker's integration with Agoda enhances its market presence and distribution capabilities.
- Agoda's access to Monaker's 2.6 million alternative lodging rentals may drive additional bookings and revenue.
- None.
WESTON, FL , Aug. 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, today announced that Agoda, Booking Holdings’ Asia headquartered digital travel platform, has completed the certification process and is now integrated with the Monaker Booking Engine (MBE). As a result, Agoda’s vast customer base can search and immediately book from Monaker’s alternative lodging rentals (ALRs).
Agoda had contracted and integrated with MBE using the RateGain connection (switch). The connection and business relationship combine Agoda’s best-in-class technology and marketing optimization capabilities with Monaker’s proprietary MBE and vacation rental properties, thus leveraging the RateGain switch.
“Through our partnerships with a growing number of major travel distributors,” said Monaker CEO Bill Kerby, “we continuously strive to innovate, simplify and expand travelers’ access to a global inventory of instantly confirmable ALR properties; so we are very excited by this deployment with Agoda and expansion of our distribution footprint through a globally trusted brand. Agoda’s customers will immediately benefit and enjoy broader choices for quality ALR accommodations at great prices.”
About Agoda
From its beginnings as an e-commerce start-up based in Singapore in 2005, digital travel platform Agoda has grown to offer a global network of over 2.6 million properties in more than 200 countries and territories worldwide, offering travelers easy access to a wide choice of luxury and budget hotels, apartments, homes and villas, to suit all budgets and travel occasions. In 2019, Agoda added a flight product and packages to help make travel even easier.
Headquartered in Singapore, Agoda is part of Booking Holdings (Nasdaq: BKNG) and employs more than 5,000 staff in 30 countries. Agoda.com and the Agoda mobile app are available in 38 languages.
About Monaker Group
Monaker Group, Inc., is a technology-driven travel company focused on delivering innovation to the alternative lodging rental (ALR) market. The proprietary Monaker Booking Engine (MBE) provides access to more than 2.6 million instantly bookable 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 rental. For more about Monaker Group, visit www.monakergroup.com and follow on twitter @MonakerGroup
Important Cautions Regarding Forward Looking Statements
This press release may include “forward-looking statements” which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although Monaker believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. 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 current 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, 2020 and the company's subsequently filed Quarterly Reports on Form 10-Q, which have been filed with the SEC and are available at www.sec.gov. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the company.
Company Contacts:
Monaker Group, Inc.
Richard Marshall
Director of Corporate Development
Tel (954) 888-9779
rmarshall@monakergroup.com
Agoda
Elaine Toh
Public Relations Manager
Tel +65 8183 7891
Elaine.toh@agoda.com
FAQ
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