Monaker Group, Inc. (MKGI) Embracing the New Sharing Economy
The travel and hospitality industry is changing, with companies worldwide attempting to strengthen their positions within the industry by increasing consolidations, examples being hotels such as Marriott (NASDAQ: MAR), AccorHotels, and others. At the same time, other companies are focusing less on consolidation and more on incorporating new business models that meet consumer needs. One growing area in the industry is the concept of sharing, facilitated by the efficient processing of business and consumer communication. Companies such as Airbnb, OpenTable, and Uber are focused on helping customers find what they need rather than offering their own brick and mortar facilities…