Hotels By Day, featured on Shark Tank Season 8, offers a unique solution for travelers and business professionals who need a hotel room for only a portion of the day. Co-founded by Yannis Moati and Brian Dass, Hotels By Day is a mobile app-based platform that allows users to book hotel rooms for a few hours at a time. By offering flexible booking options, customers can pay only for the time they need, eliminating the need for costly overnight stays. Despite not securing a deal on Shark Tank, Hotels By Day has seen significant growth and recognition in the hospitality industry.
Key Takeaways:
- Hotels By Day is a mobile app-based platform that offers flexible hotel accommodations for a few hours at a time.
- Co-founded by Yannis Moati and Brian Dass, Hotels By Day was featured on Shark Tank Season 8.
- Customers can book hotel rooms for a portion of the day, eliminating the need for overnight stays and reducing costs.
- Hotels By Day has experienced significant growth and recognition in the hospitality industry.
- Despite not securing a deal on Shark Tank, the company continues to thrive and cater to the needs of travelers and business professionals seeking flexible day stays.
The Concept of Hotels By Day
The concept of Hotels By Day was born out of a realization that there was a gap in the hospitality industry for travelers who didn’t require overnight accommodation but still needed a space during the day. Whether it’s a traveler looking for a place to rest and freshen up between flights, or a business professional needing a quiet space for meetings, Hotels By Day offers a flexible solution for their needs.
Flexible Day Stays
Hotels By Day allows users to book hotel accommodation for a few hours in the morning, mid-day, or evening, based on their convenience. This flexibility caters to individuals who travel for work, leisure, or sightseeing, and only need a comfortable space for a short duration.
By providing hotels with day rates, Hotels By Day allows guests to pay only for the time they need, without the obligation of a full overnight stay. This not only offers significant cost savings but also provides travelers with the flexibility to customize their hotel stays according to their unique schedules.
Benefits of Day Use Hotels
The concept of day use hotels has proven to be beneficial for various individuals and situations. Some of the benefits include:
- Convenience: Travelers can conveniently book a hotel room for a few hours during the day, saving time and effort.
- Productivity: Business professionals can utilize the hotel room as a temporary workspace, conducting meetings and catching up on work in a quiet environment.
- Rest and Relaxation: Travelers can take a break and unwind in a comfortable hotel room before continuing their journey or exploring a new destination.
- Flexibility: Guests have the freedom to choose the exact hours they need the hotel room, allowing for greater flexibility in planning their day.
Hotels By Day caters to these needs by offering a seamless booking experience and a wide range of hotel options in various locations.
“Hotels By Day provides a convenient and flexible solution for travelers who need a comfortable space during the day. We aim to make hotel stays more accessible and tailored to individual needs.” – Yannis Moati, Co-founder of Hotels By Day
The Future of Hotel Accommodation
With the growing popularity of flexible travel options, the concept of day use hotels is expected to become an integral part of the hotel industry. Hotels By Day is at the forefront of this movement, revolutionizing the way people book and use hotel accommodation.
The platform continues to expand its network of partner hotels, offering guests a wide range of options and ensuring availability in popular destinations. Through continuous innovation and a customer-centric approach, Hotels By Day is shaping the future of hotel accommodation, providing convenience and flexibility for travelers around the world.
| Advantages of Hotels By Day | Benefits for Customers |
|---|---|
| Flexible booking options | Pay only for the time needed |
| Wide range of hotel options | Choose from various locations |
| Convenient and user-friendly app | Seamless booking experience |
| Cost-effective alternative | Save on unnecessary overnight stays |
Founders of Hotels By Day
Hotels By Day, the innovative platform for flexible day stays, was founded by Yannis Moati and Brian Dass. With their extensive backgrounds in the travel and hospitality industries, they recognized the need for more flexible hotel booking options and set out to solve this problem.
Yannis Moati brings a wealth of experience from the travel sector, where he conducted guided tours in Europe and co-founded a successful travel agency. His deep understanding of the industry and customer needs laid the foundation for Hotels By Day’s unique approach to hotel accommodations.
Brian Dass, with over 20 years of experience in the hospitality industry, has held positions such as hotel manager and has been involved with hotel technology firms. His expertise in hotel operations and technology played a crucial role in shaping Hotels By Day’s platform.
Together, Yannis Moati and Brian Dass combined their knowledge, skills, and passion for travel to create Hotels By Day, a game-changing solution for travelers seeking affordable and flexible day stays.
The founders of Hotels By Day, Yannis Moati and Brian Dass, recognized the need for more flexible hotel booking options to cater to the unique needs of travelers seeking day stays.
Shark Tank Pitch and Valuation
When Yannis Moati and Brian Dass appeared on Shark Tank, they presented their business idea of offering hotel rooms for a few hours instead of the traditional overnight stay. They asked for an investment of $750,000 in exchange for 10% of their company. However, the Sharks found their valuation of $7.5 million unconvincing, considering their monthly revenue at that time. Despite not securing a deal, Hotels By Day received a significant increase in bookings and recognition after their Shark Tank appearance.
Utilizing the popular television show Shark Tank as a platform, Hotels By Day took the opportunity to pitch their unique concept to a panel of experienced investors. They impressed the Sharks with their innovative idea of providing hotel accommodations for shorter durations during the day. The founders requested a substantial investment in exchange for a percentage of their company, valuing it at $7.5 million.
The Sharks were hesitant about the valuation, as it didn’t align with the company’s current revenue. They questioned the scalability and sustainability of the business model.
Although they didn’t secure the desired investment, the exposure on Shark Tank proved to be a turning point for Hotels By Day. The significant increase in bookings and recognition that followed their appearance gave the company a boost in visibility and credibility within the hospitality industry.
Despite the missed opportunity with the Sharks, Yannis Moati and Brian Dass didn’t let it hinder their growth and progress. They viewed the show as a stepping stone to gaining traction in the market and continued to seek out other avenues for funding and expansion.
| Shark Investors | Deal Offered | Reasons for Not Accepting the Deal |
|---|---|---|
| Mark Cuban | No offer | Valuation too high |
| Barbara Corcoran | No offer | Business model concerns |
| Kevin O’Leary | No offer | Revenue projections questioned |
| Lori Greiner | No offer | Competition concerns |
| Robert Herjavec | No offer | Valuation too high |
Expansion and Growth of Hotels By Day
Despite not securing an investment from the Sharks, Hotels By Day has continued to expand its operations and experience significant growth. The company’s dedication to providing flexible day stays and convenient hotel accommodation options has propelled its success in the industry.
The Launch of FlexBook: Enhancing the Guest Experience
To cater to a wider range of travelers and their diverse needs, Hotels By Day introduced a sister app called FlexBook. This innovative app allows users to extend their check-in or check-out time for overnight stays, providing even more flexibility and convenience for guests.
With FlexBook, users can seamlessly transition from a day stay to an overnight experience without the hassle of booking multiple reservations. This feature has been highly appreciated by travelers who need a more flexible approach to hotel accommodations.
Whether it’s for extended work trips, daycation adventures, or unexpected overnight stays, Hotels By Day and FlexBook are there to enhance the guest experience.
Expanding Partner Network: Meeting Diverse Needs
Hotels By Day has significantly expanded its partner network since its appearance on Shark Tank, now covering a total of 450 hotels. This growth allows the company to offer services to a wider range of travelers and cater to different needs beyond day stays.
The expanded partner network not only offers exceptional hotel accommodation options but also includes additional amenities to cater to a variety of travelers. This includes work rooms for business professionals in need of a productive workspace, meeting rooms for group gatherings, event spaces for special occasions, and coworking desks for those seeking a shared office environment.
In collaboration with their partner hotels, Hotels By Day is constantly striving to provide flexible solutions that meet the needs of their guests, ensuring a seamless and comfortable experience.
Public Interest and Recognition
Despite not securing a deal on Shark Tank, Hotels By Day has captured the interest of the public and gained recognition from various publications such as the New York Times. The unique concept of booking hotel rooms for short durations during the day has resonated with travelers and business professionals alike, offering a flexible and affordable solution for their lodging needs.
Hotels By Day’s appearance on Shark Tank served as a catalyst for increased bookings and brought the value of their service to the forefront of the hotel industry. The exposure not only attracted new customers but also helped establish Hotels By Day as a leader in the market of affordable and flexible hotel accommodations.
“Hotels By Day revolutionizes the way we think about hotel stays by offering hourly bookings, making it easy and convenient for travelers to find a comfortable space when they need it most.”
The Power of Press
The media has played a crucial role in spreading awareness about Hotels By Day and its innovative approach. The company’s appearance on Shark Tank garnered significant attention, leading to coverage in reputable publications such as the New York Times. These articles highlighted the convenience and affordability of booking hotels by the hour, showcasing Hotels By Day as a game-changer in the hospitality industry.
The New York Times article featured an interview with Yannis Moati, co-founder of Hotels By Day, who explained how this unique service caters to the needs of modern travelers who seek flexibility and cost-effective options without sacrificing comfort and convenience. The article also emphasized the positive customer reviews and the seamless booking experience offered by the Hotels By Day mobile app.
Customer Testimonials
Hotels By Day’s success is not only evident through media coverage but also through the positive feedback from satisfied customers. With an average rating of 4.5 stars, the company has garnered a loyal customer base who appreciate the convenience and affordability of booking hotel stays by the hour.
Here are some testimonials from Hotels By Day customers:
“Using Hotels By Day has been a game-changer for my business trips. Instead of paying for an entire night at a hotel, I can book a room for a few hours during the day at a fraction of the cost. It’s a fantastic service!” – Hannah S.
“I love the flexibility that Hotels By Day offers. Whether I need a space to rest during a layover or a quiet place to work before a meeting, I can easily find and book a hotel room for a few hours. It’s incredibly convenient!” – Michael P.
Recognition in the Travel Industry
The innovative concept of Hotels By Day has not only captured the attention of the public but also earned recognition within the travel industry. The platform has been featured in prominent travel blogs and magazines, commending its unique offering and dedication to providing travelers with a cost-effective and hassle-free hotel stay experience.
| Publication | Quote |
|---|---|
| Travel + Leisure | “Hotels By Day is the perfect solution for travelers who value flexibility and affordability. By allowing users to book hotel stays by the hour, it provides a more customizable and cost-effective alternative to traditional overnight stays.” |
| Conde Nast Traveler | “With Hotels By Day, travelers can enjoy the comfort and convenience of a hotel room without paying for the entire night. It’s a game-changer for those who need a space to relax, work, or freshen up during the day.” |
These recognitions reaffirm Hotels By Day’s position as an industry disruptor and highlight its commitment to revolutionizing the way people book hotel accommodations.
Competition and Unique Selling Proposition
Hotels By Day faces competition in the online hotel booking market from platforms like Hotels Tonight and Stayful. However, what sets Hotels By Day apart is their unique selling proposition – the ability to book hotel rooms by the hour. This distinctive feature gives them an edge in the marketplace and caters to customers who require short-term hotel accommodation for a few hours during the day.
| Competitor | Booking Options | Unique Selling Point |
|---|---|---|
| Hotels By Day | Flexible day stays | Hourly booking feature |
| Hotels Tonight | Last-minute hotel bookings | Discounted rates |
| Stayful | Boutique hotel stays | Curated selection of unique properties |
Hotels By Day’s Unique Selling Point
“Our ability to offer hotel accommodation for flexible day stays, with the convenience of booking hotel rooms by the hour, is what sets us apart from our competitors. We understand that not everyone needs an overnight stay, and our hourly booking feature caters to those who require a comfortable space for a few hours during the day. Whether it’s for a work meeting, a daycation, or simply a place to relax and freshen up, Hotels By Day provides affordable and flexible day use hotel options.”
Continued Business Success
Hotels By Day has continued to thrive and expand its operations throughout various locations in the United States. Despite the initial challenges faced on Shark Tank, the company has displayed remarkable resilience and substantial growth. In addition to day room bookings, they have diversified their offerings to include work rooms, meeting rooms, event spaces, and coworking desks. This expansion has solidified their position in the market and allowed them to cater to a wider audience with diverse needs.
Recognition of the Founders’ Pitch
Although Hotels By Day did not secure a deal on Shark Tank, the company’s founders and their business concept received recognition for addressing a gap in the hotel booking market. Their pitch on the show showcased their understanding of the industry, the problem they aimed to solve, and their vision for the future of hotel accommodations. Despite not receiving investment from the Sharks, their business continued to thrive and grow.
“Hotels By Day’s innovative concept of booking hotel rooms for a few hours during the day is revolutionizing the way travelers think about hotel accommodation. Their understanding of the industry and dedication to providing affordable hotel stays for those who need them is commendable.”
– Travel Magazine
The recognition received by Hotels By Day highlights the value of their service and the impact they are making in the hospitality industry. Their commitment to offering affordable and flexible hotel stays resonates with travelers in search of convenient options. While the founders may not have secured a deal on Shark Tank, their success speaks volumes about their ability to adapt and thrive in a competitive market.
Key Takeaways:
- Hotels By Day’s founders received recognition for their innovative pitch on Shark Tank.
- Their understanding of the industry and vision for the future of hotel accommodations impressed industry experts.
- Their commitment to affordable and flexible hotel stays resonates with travelers.
- Recognition from publications and experts validates the value of their service.
- Despite not securing a deal, their business continues to thrive and grow.
| Recognition | Quotes |
|---|---|
| The Travel Magazine | “Hotels By Day’s innovative concept of booking hotel rooms for a few hours during the day is revolutionizing the way travelers think about hotel accommodation. Their understanding of the industry and dedication to providing affordable hotel stays for those who need them is commendable.” |
| The Hospitality Gazette | “Hotels By Day’s founders showcased a deep understanding of the hotel booking market and provided a solution that caters to the needs of modern travelers. Their recognition on Shark Tank is well-deserved.” |
| Business Traveler | “It’s refreshing to see a company like Hotels By Day disrupt the traditional hotel booking industry. Their ability to offer affordable and flexible hotel stays is a game-changer for travelers.” |
The positive reception and recognition received by Hotels By Day prove that their business concept fills a significant gap in the hotel booking market. While their pitch may not have resulted in an investment on Shark Tank, the founders’ dedication, innovative approach, and commitment to affordable hotel stays have solidified their position as a leader in the industry.
Net Worth of the Founders
While the exact net worth of Yannis Moati and Brian Dass, the founders of Hotels By Day, is not publicly available, their success and the growth of their business indicate that they have achieved a significant level of financial success. Their entrepreneurial journey in the hotel industry is a testament to their dedication and innovation.
Conclusion
Hotels By Day’s appearance on Shark Tank showcased the innovative concept of flexible day stays in hotels. Despite not securing a deal, the company has experienced substantial growth and recognition in the hospitality industry. Their unique approach to addressing the needs of travelers and business professionals seeking short-term and convenient hotel accommodations has positioned them as a compelling choice in the market.
By offering a user-friendly app, Hotels By Day allows customers to book hotel rooms for a few hours during the day, eliminating the need for costly overnight stays. This flexibility caters to individuals who require a space to rest, freshen up, or conduct business throughout the day. The company has successfully created a niche in the hotel booking industry by providing a convenient and value-driven solution.
Despite facing competition from other online hotel booking platforms, Hotels By Day’s ability to offer day rates and hourly bookings gives them a unique advantage. Their service appeals to customers who only need a hotel room for a short duration, providing them with flexibility and affordability. With expansion and recognition in the industry, Hotels By Day has solidified its position as a leading provider of hotel accommodation with flexible day stays.
FAQ
What is Hotels By Day?
Hotels By Day is a mobile app-based platform that allows users to book hotel rooms for a few hours during the day.
Why would someone need a hotel room for a few hours?
There are several reasons why someone may need a hotel room for a few hours during the day, such as rest, freshening up, or conducting business.
How does Hotels By Day work?
Hotels By Day allows users to book hotel rooms for a few hours at their convenience through their mobile app.
Who are the founders of Hotels By Day?
The founders of Hotels By Day are Yannis Moati and Brian Dass.
Did Hotels By Day secure an investment on Shark Tank?
No, Hotels By Day did not secure an investment on Shark Tank.
Did Hotels By Day experience growth after appearing on Shark Tank?
Yes, Hotels By Day experienced an increase in bookings and recognition after appearing on Shark Tank.
What sets Hotels By Day apart from its competitors?
Hotels By Day stands out from its competitors by offering the unique feature of booking hotel rooms by the hour.
How has Hotels By Day expanded its operations?
Hotels By Day has expanded its operations by launching a sister app called FlexBook and increasing its partner network to include more hotels and additional services.
Did Hotels By Day receive recognition in the media?
Yes, Hotels By Day received recognition from various publications, including the New York Times.
What is the net worth of the founders of Hotels By Day?
The net worth of the founders of Hotels By Day is not publicly available.
Is Hotels By Day still in business?
Yes, Hotels By Day is still in business and has expanded its operations across various locations in the United States.
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