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September 2019 Monaker Group Corporate Presentation
NASDAQ: MKGI
NASDAQ: MKGI
Important Cautions Regarding Forward-Looking Statements Statements in this presentation may constitute forward looking statements and are subject to numerous risks and uncertainties including but not limited to a lack of adequate capital to enable the Company to execute its business plan and make important business acquisitions in order to grow the venture to successfully complete the development of new or enhanced products and services; the lack of market demand for any of the company’s existing products and services; failure to grow the company’s business to allow it to operate profitability; operating losses that may impair the Company’s ability as a going concern; any actions by the Company or its affiliate that may have an adverse effect on the Company’s financial condition; operating results of the business resulting in negative performance; the success of competitive products and services that are beyond the Company’s control and other factors that can adversely affect the company and its markets including seasonal changes and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission.
Actual results may differ dramatically from those expressed in this presentation. The company disclaims any obligation to update any statements in this presentation.
2 © Copyright 2017 Monaker Group, Inc. All Rights Reserved. A Product of CMA. 090919
NASDAQ: MKGI What We Do
Monaker is Consolidating & Delivering Instantly-Bookable Vacation/Alternative Lodging Rental Properties into Mainstream Travel Websites
3
Vacation/ALR Rentals Property Managers
Global Travel Distributors Travel Websites
• Tour Companies • Airlines • Online Travel Agencies (OTAs) • Aggregators • Consolidators • Travel Agencies & Agents
…and ultimately the travel consumer.
Our Technology Bridge
• Homes • Apartments • Villas • Castles • Resort Residences In prime locations around the world
NASDAQ: MKGI Example Monaker Vacation Rental Properties
4
Homes, Villas and Castle in Algarve, Portugal, Tuscany & Portofino, Italy and Monaco
Resort Residences: Four Seasons multi-bedroom in Whistler B.C. and Wyndham Grand Resort Residence in Clearwater Florida
NASDAQ: MKGI
Our Instantly Bookable Properties by Geographic Region
Western Europe 35%
Eastern Europe 20%
Northern Europe 1%
Asia/India/ So. Pacific
[PERCENTAGE]
Australia/NewZealand
3%
North America 6%
Middle East 3%
Africa 4%
South America 5%
Central America 2%
Caribbean 1%
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127,000
392,000
240,000
360,000
13,000 14,000 43,000 59,000 60,000 86,000 105,000
367,000 391,000
710,000 752,000
Caribbean NorthernEurope
CentralAmerica
Australia /New Zealand
Middle East Africa So. America No. America Asia / India /So. Pacific
WesternEurope
EasternEurope
Resort Residences*Vacation Rental Units
2.6 million+ properties as of January 2019 Expecting growth in 2019 with increase in property management contracts
World Region Vacation
Rental Units Resort
Residences* Property Total Property Allocation
Western Europe 710,000 - 710,000 27% Eastern Europe 392,000 360,000 752,000 29% Northern Europe 14,000 - 14,000 1% Asia/India/S Pacific 391,000 - 391,000 15% Australia/New Zealand 59,000 - 59,000 2% North America 127,000 240,000 367,000 14% Middle East 60,000 - 60,000 2% Africa 86,000 - 86,000 3% South America 105,000 - 105,000 4% Central America 43,000 - 43,000 2%
Total 2,000,000 600,000 2,600,000 100%
* Wyndham and RCI multi bedroom/kitchen/living room residences within their resorts.
Properties by Geographic Region
“Price all inclusive” - no hidden fees added Properties are professionally managed through property
managers (most licensed & bonded).
NASDAQ: MKGI
Why the Travel & Alternative Lodging Space?
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NASDAQ: MKGI
Major Opportunity to Channel ALR/Vacation Rental Products into the Multi-Billion Dollar Online Travel Agency Sector
$570B
$1.1 T
2017 2018 2019 2020 2021 2022
Digital Travel & Vacation Rentals — Two of the Fastest-Growing Global Industries
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Source: Market Research Future March 2019
Online Travel Agency (OTA) Market, Digital Travel Sales Worldwide
$43.6B
$57.1B
2018 2019 2020 2021 2022
Global Vacation Rental Market
Source: Technavio, June 2018
NASDAQ: MKGI
Vacation/ALR market is the fastest growing travel sector, yet still in its infancy at only 10% of U.S. market.
Growth driven by numerous factors, including increase in vacation rental users, especially by Millennials and Gen Zs1
100M
361M
2019 2020 2021 2022 2023
Strong Market Drivers for Vacation/Alternative Lodging Rentals
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Rapid Growth in Vacation Rental Users Worldwide
Vacation/ALR Bookings Growing @ 32% CAGR vs.
Online hotel room bookings @ only 10% CAGR2
Source: PhocusWire, Sept. 2019
$242B $244B
$23B $30B
0%
20%
40%
60%
80%
100%
2018 2019
Market Share
ALR (Houses/Apts)
Traditional Lodging (Hotels, etc.)
Strong Forecast for Vacation/ALR Market Share Growth in U.S. Expanding from 8.6% to 10%, 2018 – 2019; Sales up 30% to $30 Billion3
1) Technavio Aug 2019. 2) Guggenheim Analyst DEC 2018; 3) Shift Research, May 2019
NASDAQ: MKGI
2.6 Million Vacation Rentals • 100+ countries • Homes, apartments, villas, castles & resort
residences • 100% Instantly Bookable • Booking Engine/API provides customizable,
Plug & Play capabilities for OTAs • Raised $15 million in 2016-18 (+50% funded by directors/insiders)
• First-to-market as white label B2B solution with over 2.6 million instantly-bookable ALR properties
• $28 million market valuation
4 Million+ Vacation Rentals • 190 countries
• ~50% of properties are bedrooms in a guest house
• Some instant booking • Trying to convert >2 million homeowners to achieve an
instant-booking solution.
• No B2B model developed
• Raised $3.4 billion
• Grew at over 135% in 2016 • Made multiple acquisitions
• >$31 billion premarket valuation1
2 Million+ Vacation Rentals • 190 countries
• Homes, apartments and villas
• Completed 22 acquisitions
• Some instant booking Trying to convert >1 million homeowners to achieve instant booking by forcing renewal memberships to give up calendar/pricing control.
• Limited B2B Model
• Grew >35% in 2015 – forecast to be #1 growth area for Expedia2
• Bought by Expedia for $3.9 billion (12-2015)
• Over past decade, Airbnb & HomeAway/VRBO have seen rapid adoption of their Direct-to-Consumer inventory platforms • These firms have been taking lodging market share away from the larger traditional channels and booking sites who do
not have practical access to an ALR reservations and none that are instantly bookable.
Industry Landscape for Alternative Lodging Rentals - Travel’s “Hottest Space”
9 1. CNBC, March 9, 2017 2. Per Expedia Annual Report 2017
NASDAQ: MKGI
The Monaker Business Model
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NASDAQ: MKGI
Global Inventory
2.0M+ Properties
100+ Property Managers MONAKER
BOOKING ENGINE (MBE)
B2B & B2C
Strategic Partnerships
Monaker Websites
30+ Partnerships (i.e. Airlines, Tours companies,
Consolidators, OTAs
Foundation for Significant Distribution via Consumer & Large, Established Travel Distribution Channels
Multiple Sources Flow Through MBE to Distribution Points
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Distribution
600M Resort Residences
Legacy Tech API
New Tech API
NASDAQ: MKGI Our B2B Platform Strategy
Design the Monaker Booking Engine (MBE) to meet the needs of today’s Online Travel Agent (OTA)
Deliver Alternative Lodging in an industry standard format, so OTAs can essentially “plug & play”
MBE positions Monaker for rapid scale up via: • Large OTAs partner adoption • Airlines, car rental companies, and others looking to
offer complete travel packages with ALR
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Monaker Booking Engine (MBE) provides OTAs multiple options:
• Millions of instant-bookable vacation properties
• 600,000+ resort residences • Supplier inventory management solution • User fees • Set commission rates • Set taxes • Custom black out products & regions
NASDAQ: MKGI MBE B2B Platform Rollout
Ongoing negotiations with additional dozen companies as potential distributors
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July 2018 Officially released new Monaker Booking Engine (MBE) and API to 12 contracted distributors. Industry standard format, allows OTAs to essentially “plug & play.”
Sept. 2018 Completed integrations & certifications to go live with first travel distributors using MBE.
Jan. 2019 Completed integrations, went live with additional travel distributors.
Feb. 2019 Signed another six distribution partners for the platform, bringing total contracted to 30.
April 2019 Completed integrations with two major vacation rental distributors.
11 of 30 contracted distributors integrated with MBE.
May 2019 Completed integration with Trisept Solutions (Mark Travel/Apple Leisure Group) MBE to be available in Trisept’s Synapse booking engine and to 100,000 travel agents.
July 2019 Integrated MBE and vacation rental inventory with largest travel company to-date 13 of 30 contracted distributors now integrated with MBE.
NASDAQ: MKGI
Distributor Case Study #1: Travel Compositor - Integrated Fall 2018
About Travel Compositor • Global consolidator of travel products & services • Integrated into dozens of white-label platforms and servicing 50,000+
travel agents • Any tourism or travel company on their platform can:
• Distribute dynamic packages around their own product to others (B2B)
• Access and resell products on their website from a variety of 3rd party sources without requiring contracts with each supplier (B2C)
The Problem: No seamless, commissionable solution for distribution of Instantly-Bookable Vacation Rentals – simply not available on the market ... that is, until Monaker
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The Problem The Solution
Travel Compositor by the Numbers
NASDAQ: MKGI
The Problem
Distributor Case Study #1: Travel Compositor - Integrated Fall 2018
Monaker Booking Engine (MBE) integrated with Travel Compositor platform via next-gen API
Accessibility to Monaker’s vast inventory of vacations rental flows down to Travel Compositor’s partner companies and the hundreds of thousands of traveling end-users on the integrated platform
Booking requests are aggregated and transacted by MBE in real-time
Rentals can be bundled with other travel reservations (air, car, tours) simultaneously
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The Solution
User can easily filter out hotels to view only Monaker vacation rentals with just one click.
Booking Engine
NASDAQ: MKGI
Distributor Case Study #2: AllTheRooms - Integrated Spring 2019)
Similar problem as Travel Compositor
Solution:
Monaker Booking Engine (MBE) integrated with AllTheRooms platform via next-gen API
Accessibility to Monaker’s vast inventory of vacations rental flows into AllTheRooms search engine and their millions of users can search & book Monaker Properties (posted as “NextTrip”) alongside other peer company offerings
Booking requests are aggregated and transacted by MBE in real-time
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The Solution
Vacation Rental Search Engine
NASDAQ: MKGI
Trisept’s Rez Agent Interface w/ MBE Integration Training Manual Screenshots
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Fred Jones4 [email protected]
Search Select
Book ALR in Real-Time
Summer 2018 Trisept announced a $20 million investment to prepare VAX & REZ Agent to add Vacation Rental and Cruise offerings
NASDAQ: MKGI Key Stats (Nasdaq: MKGI)
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Stock Price (9/3/19) $2.15
52 Week Low-High $0.85 - $3.71
Avg. Vol. (50-day) 27,304
Shares Outstanding 12.8M
Free Float Shares (est.) 57%
Insider & BOD Holdings (est.) 43%
Institutional Holdings (est.) 13%
Market Capitalization $27.5M
Formation1 2015
Fiscal Year End Feb. 28
Total Revenue ttm $0.4M
Cash2 $0.3M
Total Debt $1.2M
Total Assets $10.7M
Total Liabilities $2.2M
1) Year company transitioned to focus on Alternative Lodging & Travel Technology 2) All balance sheet items per May 31, 2019 10Q SEC filing
ttm = trailing 12 months at end of second fiscal quarter ending May 30, 2019
2
5
12 13
Q3-19 Q4-19 Q1-20 Q2-20
Major Travel Distributors Integrations
Per fiscal year ending Feb. 28.
NASDAQ: MKGI Senior Management
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Don Monaco Executive Chairman
Bill Kerby Vice Chairman & CEO
Omar Jimenez CFO, COO & Director
Lori Hamilton VP of Sales & Business Development
Richard Marshall Director of Corporate Development
28+ years as an International information technology and business management consultant.
18 years as a Partner and Senior Executive with Accenture.
Commissioner on the Metropolitan Airports Commission in Minneapolis - St. Paul (Minnesota Governor Appointee).
Commissioner an VP of the Duluth Economic Development Authority (Duluth Mayor Appointee).
Northwestern University
Master of Science, Computer Science Engineering
20+ years of experience in the Travel & Media Industries and 10 years of experience in financial industry.
Founder of TravelByUs, a NASDAQ company that completed 21 acquisitions in the travel sector.
Founder of Leisure Canada with 210 Agencies, International tour operations in Great Britain, France, South Africa, and the South Pacific, Travel Magazines and a Cuban Hotel Development.
Owned and operated Master Franchise for Thrifty Car Rental – B.C., Canada.
Bachelor’s in Business/Managerial Economics, York University
33+ years of multi-industry experience in building, strengthening and leading national and multinational, public and private companies. Previously, CFO at EpiCenter Development, a real estate developer with combined projects of $6 billion. Earlier, president & CFO of American Leisure (became Travel Leaders), focused on leisure and business travel, hospitality & hotels, call centers and real estate development. Listed on NASDAQ and London Stock Exchanges, now private. Former CFO & VP of Onyx Group: conglomerate with 700+ employees and annual revenues of $400 million. CPA, CGMA, and CPCU Bachelor of Business Administration, University of Miami MBA, Florida International University
20+ years of executive sales and business development experience in travel, hospitality, real estate and non-profit industries.
Instrumental in growing sales for ANZ Travel to be a leader for South Pacific destination travel.
Executive Recruiter for Fortune 500 companies at Wetherby Partners.
Director of development for non-profit organizations in Vancouver and Victoria, BC where she raised funds that tripled endowments to over $1.1 million.
Earlier at Air Canada and Fairmont Group – Banff Springs Hotel.
25 years of senior executive experience generating growth and developing relationships for global corporations.
Previously, chief development officer at Sibling Group, an online education company, where he led the acquisition of a mobile education company and established an international business line.
Former VP of IR and corporate development at NYSE-traded natural resources company, securing $600 million in financings during his 18-year tenure.
Earlier, serviced as an investment banker and manager for Cohig & Associates, Corporate Securities Group, and JW Gant & Associates.
B.A. Economics, University of Georgia
NASDAQ: MKGI Independent Board of Directors
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Simon Orange Director
Pat LaVecchia Director
Doug Checkeris Director
Jamie Mendola Director
Rupert Duchesne Director
Extensive experience in the investment industry, from corporate finance/M&As to building global growth companies.
Co-founded CorpAcq, and is responsible for identifying and negotiating acquisitions, and overseeing development and funding.
Following a “buy and build” approach, CorpAcq maintains long-term investments in a diverse portfolio of businesses
Involved in funding and managing the growth of numerous business ventures, some acquired by NASDAQ and London Stock Exchange listed companies.
Founding member of Cicero Consulting Group, based in New York City.
20+ years' experience in investment banking & capital markets.
Currently managing partner of LaVecchia Group, a merchant bank, and Managing Partner of Sapphire Capital Management.
Previously Group Head of Global Private Corporate Equity Placements, Credit Suisse First Boston
Managing director/head of Private Equity Placement Group, Bear Stearns & Company.
Directly led advisory on $15B in transactions in public offerings, strategic and financial private equity transactions, mergers and acquisitions
Member of NYSE Amex Listed Company Council
BS Economics, Clark University. MBA from The Wharton School, Univ. of Pennsylvania.
Senior Media and Advertising Executive with three decades of hands-on management in all facets of interactive media.
Currently, partner at GNR8R, a leading strategic marketing firm, and partner at DCAC/Dauntless Hospitality Group. Harbour Media Partners
Previously served 14 years with Mediacom, where he rose through the ranks to become the CEO for Mediacom North America.
Mediacom provided and specialized in business-building media solutions for some of the world's largest, well-known advertisers with close to $18 billion in global billings, 4,600 employees, and 116 offices in 89 countries.
B.A. Economics, McMaster University
Head of strategy and M&A for for the family office, Mercer Park LP.
Founder & chief investment officer of Pacific Grove Capital, named best new hedge fund by Hedge Funds Review in 2015. Monaker investor since 2017.
Recognized by Institutional Investor as a Hedge Fund Rising Star. Named ‘Tomorrow’s Titan’ by Hedge Fund Journal.
Former partner at $7B hedge fund, Scout Capital; a senior member of its investment & risk committees.
Earlier, principal of Watershed Asset Management, equity analyst at JLL Partners, and investment analyst at J.P. Morgan Chase.
B.S. in Management, summa cum laude, Binghamton Univ., and four-year letter winner in baseball. MBA, Stanford Graduate School of Business.
Founding chief executive and a director of Aimia Inc (TSX:AIM), retired. Over 15 years, made it global leader in loyalty marketing and data-analytics, with operations across 20 countries.
Previously, VP of marketing, SVP of International, and lastly chief integration officer of Air Canada, overseeing the merger with Canadian Airlines.
At Air Canada, pioneered its frequent flyer program from a company division into the spinout, Aimia.
Prior to Air Canada, involved in strategy and investment consulting around the world. Currently a director of Mattamy Homes.
Member of the Order of Canada. MBA from University of Manchester and B.Sc. (Hons) in Pharmacology from University of Leeds (UK).
NASDAQ: MKGI
Additional Growth Drivers & Financial Modeling
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NASDAQ: MKGI Our FY 2019 Launches
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Enhanced nexttrip.com
EXVG Property Manager Portal (MBE)
First Major Travel Distributor Integrated with MBE (now totals 13)
Commercial & Enterprise Launch with New IDS assets
Travel Magazine Blog
MBE launched with Several Additional Major Distributors
Planned for Fall 2019
Launched in FY 2019
NASDAQ: MKGI Acquisition of Key IDS Tech Assets & Services
August 2019: Acquired key North American alternative lodging inventory, technology and travel services from IDS Technology for $5.5 million.
Creates opportunity to dramatically enhance our travel technology platform and accelerate transaction growth.
IDS assets will also help us to further strengthen our nexttrip.biz travel solution with a broader selection of vacation rentals suitable for corporate travel.
Also expected to capture higher margin revenue streams.
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Assets & Services Purchased
• API software development to provide for instant-booking access to >500,000 North American vacation rental properties.
• Exclusive ownership of IDS booking engine software technology for air, car, and hotel reservations, including proprietary API connections to travel providers and distributors.
• Exclusive access to key supplier contracts, including those for air, car, and hotel rentals, to be accessed via the booking engine technology acquired from IDS.
• Agreements designed to acquire access to specialized, and in some cases unique, inventory for distribution through the Monaker’s booking engine and nexttrip.biz.
• Robust, cloud-based customer relationship management (CRM) platform to manage travel customer relationships and allow a more complete service offering.
• Access to special merchant accounts that can support $500,000 - $1 million per month in merchant processing capacity.
NASDAQ: MKGI Monaker’s nexttrip.biz
‘White Label’ business travel solution
Password-protected access to discount pricing
Targets small- to medium-sized businesses
Industry convention trip planning
Recruiter.com marketing partnership to target 1 million businesses and decision makers
Points branding program (tailored for customer loyalty and/or employee bonus or benefit)
In-house branded solution for savings, planning, tracking and booking
Business can save on corporate travel for bottom line or share/pass savings on to customers and employees
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NASDAQ: MKGI
Revenue Model: B2B White-Label ALR Market with Travel Agents Only
Single Transaction
Assumptions
Impact of 250,000 Travel Agents Booking 1 Vacation Rental per year
Within the currently contracted distribution pipeline and in integration or certification phrase
% of Travel Agents Booking1 property per yr
- 25% 50% 100%
Rentals per Year 1 62.5K 125K 250K
Gross Bookings ($1,500 per transaction)
$1,500 $93.75M $187.5M $375M
Net Rev/ Profit $120 $7.5M $15M $30M
G&A Expense* - $3.6M $3.6M $3.6M
Net Profit $120 $3.9M $11.4M $26.4M
EPS** - $0.31 $0.91 $2.11
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Model based upon the pipeline of travel agents contracted to use Monaker’s booking engine for booking Alternative Lodging Rentals (ALRs).
Based upon existing contracts, >250,000 Travel Agents should have access to use MBE and Monaker’s vacation rental inventory for commissionable bookings.
Single transaction assumes $1,500 average ALR booking
Leverage in the Model
*Assumes straight-lined burn $300k/month **Based on 12.5 million shares issued and outstanding. K = Thousands and M = Millions
NASDAQ: MKGI
Revenue Model: Multi-Billion Dollar B2B White-Label ALR Opportunity with Contracted Distributors
Assumptions Model based upon contracted distributor
partners with estimated $20 billion+ in combined lodging booking annually. These numbers in addition to previous Travel Agent model (different revenue streams)
On-going discussions at various stages with a few dozen established Travel Companies regarding Monaker’s ALR Inventory, Booking Engine and API
At only a 3% pipeline conversion of general lodgings to alternative lodgings (vacation rental), which would be far lower than the current industry average 20%+, Monaker EPS would total $2.77 per share.
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Single Transaction
0.5% Pipeline conversion
1% pipeline conversion
3% pipeline conversion
5% pipeline conversion
Average Rental per week (Gross Booking)
$1,500 $100M $200M $600M $1B
Net Rev/Profit $75 $5M $10M $30M $50M
G&A Expense* - $3.6M $3.6M $3.6M $3.6M
Net Profit $75 1.4M $6.4M $26.4M $46.4M
EPS** - $0.11 $0.51 $2.11 $3.71
*Assumes straight-lined burn $300k/month **Based on 12.5 million shares issued and outstanding. K = Thousands and M = Millions
30 Contracted Distribution Partners Annual Lodging Bookings est. @$20+ billion Total Combined
NASDAQ: MKGI
Combined Model - ALR Market Opportunity (Travel Agents & White-Label Channels)
Single Transaction
Assumptions
Impact of Travel Agents & White-Label Channels Combined Within the currently contracted distribution pipeline and in
integration or certification phrase
% Travel Agents Booking Once per Year B2B % Conversions
- 25% TAs and
0.5% B2B Conversions
50% TAs and 1% B2B
Conversions
100% TAs and 3%
Conversions
100% TAs and 5%
Conversions
Gross Bookings ($1,500 per transaction)
$1,500 $193.75M $387.5M $975M $1.37B
Net Rev/Profit $120 $12.5M $25M $60M $80M
G&A Expense* - $3.6M $3.6M $3.6M $3.6M
Net Profit $120 $8.9M $21.4M $56.4M $76.4
EPS** - $0.71 $1.71 $4.51 $6.11
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Assumes straight-lined burn $300k/month, ** Based on 12.5 million shares issued and outstanding. K = ‘000 and M = ‘000’000 and B = 000’000’000
Model based on combination of:
250,000+ travel agents booking one property per year
$20 billion+ white-Label distribution pipeline with % lodging booking/conversions
Leverage in the Model
NASDAQ: MKGI Key Takeaways
Industry-first: B2B platform for customizable, instantly-bookable ALR for OTAs
Set to scale with ‘white-label’ ALR solution for the wide-open B2B market
Solid corporate structure, with travel, technology and M&A-experienced management and invested board of directors
Key travel brands, major partnerships and strong industry tailwinds positions Monaker for accelerated growth
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NASDAQ: MKGI
2690 Weston Rd, Suite #200 Weston, FL 33331
Contact Us
29
Company Contact Richard Marshall - Director of Corporate Development Tel (954) 888-9779 Email: [email protected] www.MonakerGroup.com
NASDAQ: MKGI Industry Terms & Definitions
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Booking Engine – A booking engine is a technology platform that allows consumers and travel agents to book flights, hotels, holiday packages, insurance and other services online.
API – In computer programming, an application programming interface (API) is a set of subroutine definitions, communication protocols, and tools for building software. In general terms, it is a set of clearly defined methods of communication among various components allowing different systems to communicate and interface.
Vacation Rental – A vacation rental is the renting out of a furnished house, apartment, villa, condo, or castle on a temporary basis to tourists as an alternative to a hotel. The term vacation rental is mainly used in the US and is also commonly referred to as an Alternative Lodging.
Alternative Lodging – An Alternative Lodging is the renting out of a furnished house, apartment, villa, condo, or castle on a temporary basis to tourists as an alternative to a hotel. The term Alternative Lodging (AL or ALR) is also commonly referred to as a vacation rental.
Consolidator – A company which groups together orders from different companies into one offering i.e. groups together bookings made by various travel agents or agencies so as to get cheaper group fares on normal scheduled flights.
Aggregator – An aggregator is a website that searches for travel products and deals across multiple websites and shows you the results in one place. For example, if you wanted to find a cheap flight from New York City to London, you could sit down and check American Airlines and then British Airways and then Iceland Air and then... or you could just head to an aggregator website, which will check hundreds of airlines (or travel products) at once and show you which one is the cheapest.
OTA – OTA stands for: Online Travel Agency. OTAs are online companies whose websites allow consumers to book various travel related services directly via Internet. They are 3rd party agents reselling trips, hotels, cars, flights, vacation packages etc. provided / organized by others.
