Brief: Monaker Says Continues To Make Progress On Travel Industry Platform Integrations Of Monaker Booking Engine

Nextplay Technologies

18/03/2020 16:17

March 18 (Reuters) - Monaker Group Inc  MKGI.O :
    * MONAKER GROUP PROVIDES CORPORATE UPDATE; COMPANY CONTINUES
TO
MAKE PROGRESS ON TRAVEL INDUSTRY PLATFORM INTEGRATIONS OF ITS
MONAKER BOOKING ENGINE
    * MONAKER GROUP INC - NOW EXPECT RAMP IN NEW BOOKINGS WILL
BE
SLOWER AND MOST LIKELY DELAYED INTO SUMMER
    * MONAKER GROUP - CAUTIOUSLY OPTIMISTIC REVENUE TREND AND
BOOKINGS
WILL IMPROVE AS RESTRICTIONS ON TRAVEL FROM IMPACT OF COVID-19
BEGIN TO SUBSIDE
    * MONAKER GROUP - "DON'T EXPECT TO BE SEVERELY IMPACTED BY
CANCELLATIONS"
    * MONAKER GROUP - THROUGH TO BEGINNING OF MARCH, IT RECORDED
A 26%
INCREASE IN TOTAL BOOKED REVENUE AND 173% INCREASE IN RECOGNIZED
REVENUE
    * MONAKER GROUP INC - EXPECT OUR RAMP IN NEW BOOKINGS WILL
BE
SLOWER AND MOST LIKELY DELAYED INTO SUMMER

Source text for Eikon:  ID:nGNX4cP6Zh 
Further company coverage:  MKGI.O 

 ((Reuters.Briefs@thomsonreuters.com;))