Monaker Group Completes Direct Integration with HomeToGo, Worlds Largest Vacation Rental Search Engine

Rhea-AI Summary

Monaker Group, Inc. (NASDAQ: MKGI) has announced a significant partnership with HomeToGo, the largest vacation rental search engine globally. This collaboration allows HomeToGo users to access and book Monaker's Alternative Lodging Rental (ALR) properties seamlessly. With a vast inventory of over 18 million vacation rental options across more than 2,000 websites, this integration enhances visibility and booking convenience for travelers. Monaker's proprietary Booking Engine ensures accurate availability and instant confirmations, aligning with the growing demand for alternative lodging solutions.

Positive

• Direct integration with HomeToGo enhances access to over 18 million vacation rental listings.
• Seamless booking process through Monaker's Booking Engine improves customer experience and satisfaction.
• Increased visibility for Monaker's properties on a large platform that operates in 23 countries.

Negative

• None.

WESTON, FL, Nov. 09, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire – Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, and HomeToGo (‘HTG’), the world’s largest vacation rental search engine, have completed a direct integration to search and book Monaker available Alternative Lodging Rental (ALR) properties.

Individual travelers using HomeToGo’s powerful search engines now have seamless access through the MBE connection to all of Monaker’s instantly bookable ALR (commonly referred to as vacation rental) properties located in prime locations around the world.

As a globally trusted and recognized brand, travelers use HomeToGo to quickly search for and compare more than 18 million offers from more than 2,000 vacation home websites around the world. HomeToGo operates 43 websites in 23 countries and regions across Europe, America and Asia-Pacific. Historically, pre-pandemic, millions of loyal users searched for vacation rentals from condos and villas to castles and even treehouses. HomeToGo also owns and distributes properties through its popular travel brands including Tripping.com, CASAMUNDO, Wimdu, and EuroRelais.

The relationship between Monaker and HomeToGo began last year with testing property displays on the HomeToGo platform. Both Monaker and HomeToGo determined that a direct integration would provide a seamless and more accurate availability of the Monaker properties, with advantages for travelers and property owners.

“Increasingly, vacationers and travel operators are looking for instantly confirmed inventory bookings,” commented Patrick Andrae, CEO and co-founder of HomeToGo. “This deeper relationship with Monaker addresses this need by giving access to a wide array of instantly bookable vacation rental inventory. Now travelers who discover one of Monaker’s great property offers can simply click on a link to complete their desired booking seamlessly on HomeToGo’s platform.”

According to Monaker CEO, Bill Kerby: “When travel returns to its growth trajectory post-coronavirus, many believe consumers will be looking for more control over their accommodations in a way that only vacation and ALR rentals can provide. The typical hotel economic model is based on attracting a large number of guests into a dense location. However, HomeToGo and Monaker offer consumers more control over who they travel with and more control over their personal space.”

“The addition of HomeToGo to our group of travel distributors represents one of the largest platforms and global footprints to go live on our booking engine,” added Kerby. “HomeToGo’s massive global user base across multiple platforms now has more great choices when booking their vacation rentals.”

About HomeToGo

HomeToGo is the world's largest vacation rental search engine. On desktop, mobile, and via mobile app, HomeToGo compares over 18 million offers from more than 2,000 vacation home websites, including Airbnb, Booking.com, VRBO, TripAdvisor and HomeAway. From condos and villas to castles and treehouses, it finds the perfect accommodation for your next trip worldwide.

Founded in 2014 by Dr. Patrick Andrae, Wolfgang Heigl and Nils Regge, HomeToGo employs more than 250 people and operates 43 websites in 23 countries and regions in Europe, America and Asia-Pacific. The company owns the brands Tripping.com, CASAMUNDO, Wimdu, and EuroRelais. HomeToGo’s investors include Insight Venture Partners, Lakestar, Princeville Global, Acton Capital Partners, DN Capital, Global Founders Capital, Perpetual Investors and Mojo Capital. For more information, visit hometogo.com

About Monaker Group

Monaker Group, Inc., is an innovative technology-driven company focused on delivering inventory and booking solutions for the alternative lodging rental (ALR) market. Monaker’s proprietary Booking Engine (MBE) is designed to provide connected partners’ access to search, instantly confirm property availability, and to book vacation rental homes, villas, chalets, apartments, condos, resort residences, and castles. MBE offers travel distributors and agencies a platform to dynamically package and sell alternative lodging rentals. 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 28, 2019 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.

HomeToGo Contact:
Mike Pearce
PR Manager, US
Tel +49 30 208 473 262
mike.pearce@hometogo.com 

Monaker Group Contact:
Richard Marshall
Director of Corporate Development
Monaker Group, Inc.
Tel (954) 888-9779
rmarshall@monakergroup.com

FAQ

What is the latest news regarding Monaker Group (MKGI) and HomeToGo?

Monaker Group has completed a direct integration with HomeToGo, allowing users to search and book Monaker's Alternative Lodging Rental properties seamlessly.

How does the Monaker and HomeToGo integration benefit travelers?

Travelers gain access to instantly bookable vacation rental properties through HomeToGo’s platform, enhancing their booking experience.

What impact does the partnership with HomeToGo have on Monaker Group's market presence?

The partnership significantly increases Monaker Group's market presence by providing access to a large user base and enhanced visibility on an established platform.

When did Monaker Group announce its partnership with HomeToGo?

The announcement of the partnership between Monaker Group and HomeToGo was made on November 9, 2020.