Business
Monaker Group Enters Agreement to Supply Alternative Lodging and Tour Products to Over 20,000 Travel Agents Worldwide
Monaker Group Enters Agreement to Supply Alternative Lodging and Tour Products to Over 20,000 Travel Agents Worldwide.
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[{"type":"text","content":"\n \n \n Monaker Group Enters Agreement to Supply Alternative Lodging and Tour Products to Over 20,000 Travel Agents Worldwide\n \n \nMonaker Group Enters Agreement to Supply Alternative Lodging and Tour Products to Over 20,000 Travel Agents Worldwide\n\nMonaker's Alternative Lodging Inventory 1st in Industry to Be Utilized by Travel Agents\n\n \n WESTON, FL--(Marketwired - Mar 2, 2016) - Monaker Group (OTCQB: MKGI), a technology-driven travel and digital marketing company, announced today it has entered into a Preferred Supplier agreement with International Travel Organization (ITO) to supply two of Monaker's brands, Maupintour (high end tours) and AlwaysOnVacation (alternative lodging inventory). In exchange, ITO will actively promote Monaker's Travel brands and products through its travel professionals estimated at over 20,000 worldwide travel agents, with over 95% located in Europe and North America.\n As a business practice, ITO dramatically minimizes the amount of product suppliers they work with worldwide. ITO believes having select suppliers gives their travel agents far greater expertise in the product, while the travel supplier is shown a comparatively substantial increase in revenue as a result. Whether for business or pleasure, ITO clients have a proven affinity for their agent's hands-on approach in providing quality personal service and unsurpassed value.\n Bill Kerby, Chairman and CEO of Monaker Group stated, \"Industry research shows that the average American household spent over $4,400 on travel in 2013. We believe our Monaker travel brands and products will help position ITO with additional opportunities for capturing leisure and luxury vacation business. As a direct result of this agreement, we expect to see more than a $2 million increase in revenues over the next year, thanks to ITO agents.\"\n About International Travel Organization (ITO): \n ITO is a privately-held travel management company headquartered in Cincinnati, Ohio, with operational/booking and support facilities for agents and travelers. Additionally the company has offices located in London, England. ITO is unique to the marketplace by offering opportunity, revolutionary technology, commissions, products and services to a worldwide marketplace that represents over 9-trillion annual global sales. ITO will have a \"host\" travel agent opportunity ...