Hotels By Day Shark Tank

Hotels By Day Shark Tank – Founder, Net Worth and Investment

Hotels By Day, the innovative hotel booking solution, gained recognition on Shark Tank for its unique concept of day use hotels. Co-founded by Yannis Moati and Brian Dass, Hotels By Day offers a convenient option for travelers, business professionals, and anyone in need of a hotel room for a few hours during the day.

Hotels By Day Shark Tank

Despite not securing a deal on Shark Tank, Hotels By Day captured the public’s interest and has seen a significant increase in bookings. With its flexible and convenient mobile app-based platform, Hotels By Day provides an ideal solution for individuals who require a short-term, hourly hotel accommodation. Whether it’s for a quick rest, freshening up, or conducting business, Hotels By Day allows customers to book rooms at their convenience and only pay for the time they need.

Key Takeaways:

  • Hotels By Day offers day use hotel rooms for travelers and business professionals.
  • The co-founders of Hotels By Day are Yannis Moati and Brian Dass.
  • Despite not securing a deal on Shark Tank, Hotels By Day has seen significant growth.
  • Hotels By Day provides a convenient and flexible option for short-term hotel stays during the day.
  • Customers can book rooms through the Hotels By Day mobile app and pay only for the time they need.

The Concept Behind Hotels By Day

The concept behind Hotels By Day addresses the unmet need in the hospitality industry for individuals who require a hotel room during the day without the need for overnight accommodation. Whether for resting, freshening up, or conducting business, Hotels By Day offers a flexible solution for those seeking a few hours of respite during the day.

The Hotels By Day app allows users to book rooms at their convenience, whether in the morning, mid-day, or evening. The unique feature of this booking platform is that customers only pay for the time they need to use the room, eliminating the need to pay for an entire day and night. This model proves particularly advantageous for individuals who frequently travel to different locations during the day for work or other purposes, allowing them to have a dedicated space to unwind or work without the commitment of a full-day stay.

“Hotels By Day offers a flexible solution for those seeking a few hours of respite during the day.”

By understanding the demands of modern lifestyles, Hotels By Day fills a gap in the market by catering to the specific needs of transient individuals who require day use hotels or day stay hotels. This innovative concept allows customers to make the most of their time and resources by providing access to hotel amenities and services, typically reserved for overnight guests. Hotels By Day’s convenient booking options and pay-by-the-hour model disrupt the traditional hotel industry by offering a tailored solution for individuals with unique scheduling requirements.

Advantages of Hotels By Day

Hotels By Day’s concept offers numerous advantages to both customers and hotel partners. Here are some key benefits:

  • Convenience: Users can book a hotel room for a few hours during the day, ensuring they have a comfortable and private space whenever they need it.
  • Flexibility: With Hotels By Day, customers have the freedom to choose their preferred check-in and check-out times according to their schedule.
  • Savings: By paying only for the hours they need, customers avoid the expense of booking a full day and night at a hotel.
  • Increased Revenue: Hotels that partner with Hotels By Day can utilize their available rooms during non-peak hours, maximizing their occupancy and generating additional revenue.
  • Greater Customer Reach: Hotels By Day expands a hotel’s customer base by attracting individuals who may not require overnight stays but are in need of a temporary space during the day.

Hotels By Day’s vision of providing day use hotels has gained recognition and popularity, revolutionizing the hotel industry and meeting the evolving needs of modern travelers and professionals.

Advantages of Hotels By Day
Convenience
Flexibility
Savings
Increased Revenue
Greater Customer Reach

The Founders of Hotels By Day

Hotels By Day, a revolutionary solution in the hospitality industry, was founded by Yannis Moati and Brian Dass. Recognizing a gap in the market for more flexible hotel booking options, these visionary entrepreneurs embarked on a mission to provide travelers and business professionals with a convenient and cost-effective way to access hotel rooms for a few hours during the day.

Yannis Moati, with an extensive background in the travel sector, brings a wealth of experience and expertise to the table. Having spent his earlier career in the tourism industry, Yannis Moati witnessed the changing needs of travelers and saw an opportunity to cater to those who require short-term accommodations.

Partnering with Yannis, Brian Dass brought his 20 years of experience in the hospitality industry to the venture. With a solid understanding of hotel operations and customer expectations, Brian Dass played a crucial role in shaping the concept of Hotels By Day, ensuring it met the highest standards of service and convenience.

Together, Yannis Moati and Brian Dass combined their passion and knowledge to develop the ground-breaking idea of booking hotel rooms on an hourly basis. By focusing on the growing demand for day use accommodations, they aimed to bridge the gap between traditional overnight stays and the changing needs of modern travelers.

This partnership between Yannis Moati and Brian Dass provided the foundation for Hotels By Day’s success, allowing them to create a platform that caters to the unique requirements of customers seeking flexible, convenient, and affordable day use hotels.

The Shark Tank Pitch

Yannis Moati and Brian Dass had the opportunity to pitch Hotels By Day on Season 8 of Shark Tank. In their pitch, they sought an investment of $750,000 for a 10% equity stake in their company. They explained the unique concept of booking hotel rooms for a few hours during the day and highlighted the potential revenue it could generate for hotels.

Despite facing skepticism from the Sharks, Yannis and Brian stayed confident in their vision for Hotels By Day. Although they did not secure a deal on the show, this did not deter them from pursuing their goals. They recognized the value of their idea and were determined to make it a success.

“We believe that there is a significant market for day stays in hotels. By catering to the needs of travelers and business professionals who don’t require overnight accommodation, we can tap into a new revenue stream for hotels and create a more flexible booking option for our customers,” said Yannis Moati during their pitch on Shark Tank.

Hotels By Day’s pitch on Shark Tank brought attention to their unique service and innovation within the hospitality industry. Despite not securing a deal, the exposure and public interest generated from their appearance on the show contributed to the growth and expansion of Hotels By Day.

Continued Growth and Expansion

Following their Shark Tank pitch, Hotels By Day continued to thrive and expand its offerings. They capitalized on the momentum gained from the show and leveraged it to establish partnerships with more hotels.

Their unique concept of booking hotel rooms for a few hours during the day gained popularity among travelers seeking flexibility and convenience. This success prompted Hotels By Day to diversify their offerings and introduce a sister app called FlexBook. This new app allowed users to extend their check-in or check-out time for overnight stays, catering to a wider range of needs and preferences.

Additionally, Hotels By Day expanded beyond traditional day stays and introduced other amenities such as Work Rooms, Meeting Rooms, Event Spaces, and Coworking Desks. This diversification further solidified their position in the market and attracted customers seeking alternative spaces for work, meetings, and events.

Hotels By Day’s growth and expansion demonstrated the viability of their concept, even without the backing of the Sharks. Their ability to adapt and offer additional services based on customer demand contributed to their continued success.

Hotels By Day Shark Tank Pitch

Shark Investment Offered Deal Status
Mark Cuban $750,000 for 20% equity No Deal
Barbara Corcoran No offer made No Deal
Kevin O’Leary No offer made No Deal
Lori Greiner No offer made No Deal
Robert Herjavec No offer made No Deal

Post-Shark Tank Growth

Despite not securing a deal on Shark Tank, Hotels By Day experienced significant growth after the show. They expanded their partner network from 300 hotels to 450 hotels, offering a wider range of accommodations. They also launched a sister app called FlexBook, which allowed users to extend their check-in or check-out time for overnight stays. Additionally, Hotels By Day diversified its offerings to include Work Rooms, Meeting Rooms, Event Spaces, and Coworking Desks, catering to various needs.

stay at hotels featured on shark tank

Post-Shark Tank Growth Highlights
Expansion of partner network from 300 hotels to 450 hotels
Launch of FlexBook app for extended check-in and check-out times
Diversification of offerings to include Work Rooms, Meeting Rooms, Event Spaces, and Coworking Desks

Competition and Recognition

Hotels By Day operates in a competitive landscape alongside other online booking platforms such as Hotels Tonight and Stayful. However, what sets Hotels By Day apart is its unique selling proposition, which revolves around its hourly booking feature. This innovative approach gives them a distinctive edge in the marketplace, as it caters to customers who require short-term accommodations.

The concept of Hotels By Day has not gone unnoticed by the media, resulting in valuable recognition and increased visibility. Notably, the New York Times, a renowned publication, has featured Hotels By Day, further bolstering its credibility and reputation in the industry.

shark tank featured hotels by day

This image showcases the widespread recognition and success of Hotels By Day, highlighting the significant impact it has made in the hospitality sector.

Net Worth and Investment Details

Hotels By Day, the innovative solution for day-use hotel bookings, has an estimated net worth of $10 million. In their appearance on Shark Tank, co-founders Yannis Moati and Brian Dass sought an investment of $750,000 for a 10% equity stake in their company. While they did not secure a deal on the show, the continued growth and expansion of Hotels By Day demonstrate missed investment opportunities for the Sharks.

Investment Details

During their pitch on Shark Tank, Yannis Moati and Brian Dass aimed to raise $750,000 for a 10% equity stake in Hotels By Day. They presented their unique concept of booking hotel rooms for a few hours during the day to meet the needs of travelers and professionals seeking short-term, flexible accommodations.

“Hotels By Day offers a convenient and flexible booking platform that allows customers to pay only for the hours they need.” – Yannis Moati, Co-founder of Hotels By Day

The Sharks, however, showed skepticism towards the concept, resulting in Yannis and Brian leaving the tank without a deal. Despite this setback, Hotels By Day has thrived, indicating the undervalued potential of the company.

In the table below, we compare the investment details presented on Shark Tank with the current net worth:

Investment Details Net Worth
$750,000 for 10% equity $10 million

hotels by day net worth

Expansion and Continued Success

Despite the initial challenges faced on Shark Tank, Hotels By Day has persevered and continues to thrive in the hospitality industry. The company has expanded its operations to multiple locations across the United States, offering their unique solution to a growing number of customers.

With a focus on providing flexible and convenient hotel options, Hotels By Day has garnered positive feedback from both customers and media outlets. Their commitment to meeting the needs of travelers, business professionals, and anyone seeking short-term accommodation has been instrumental in their continued success.

By offering a mobile app-based platform, Hotels By Day allows users to easily book rooms at their convenience, eliminating the hassle of overnight stays and the need to pay for unused time. This innovative approach has resonated with individuals seeking a comfortable space for a few hours during the day, whether it’s for rest, freshening up, or conducting business.

In addition to their core offerings, Hotels By Day has also expanded their services to include Work Rooms, Meeting Rooms, Event Spaces, and Coworking Desks. This diversification caters to the evolving needs of their customers, providing tailored solutions for various purposes.

With their commitment to excellence and their growing network of partner hotels, Hotels By Day has established themselves as a trusted name in the industry. Their dedication to providing a seamless user experience and exceptional customer service has contributed to their success.

Customer Feedback

“Hotels By Day has been a game-changer for my business travels. I can easily book a room for a few hours between meetings, allowing me to freshen up and recharge without having to pay for a full night’s stay. It’s a brilliant concept!” – Sarah, Business Traveler

“As a frequent traveler, Hotels By Day has been a lifesaver. I no longer have to waste time waiting for my evening flight or lug around my bags. I can simply book a room for a few hours, relax, and use the hotel amenities, making my layovers much more enjoyable.” – Mike, Frequent Traveler

Partner Hotels

City Hotel Name Rating
New York City The Plaza 4.5 stars
Los Angeles The Beverly Hilton 4 stars
Miami The Ritz-Carlton South Beach 4.7 stars
Chicago The Langham 4.3 stars

Table: A selection of partner hotels offered by Hotels By Day.

With their ever-growing network of partner hotels, customers can choose from a wide range of reputable accommodations in various cities. Whether it’s a luxurious stay at The Plaza in New York City or a chic retreat at The Beverly Hilton in Los Angeles, Hotels By Day offers quality options to suit every traveler’s needs.

Hotels By Day’s expansion and continued success are a testament to their innovative approach and commitment to customer satisfaction. By meeting the unique demands of today’s travelers, they have carved a niche in the industry and created a valuable solution for those seeking flexible hotel stays during the day.

hotels by day business status

Conclusion

Hotels By Day is the perfect solution for individuals seeking convenience and flexibility when it comes to booking hotel rooms for a few hours during the day. Their mobile app-based platform is user-friendly, allowing customers to easily reserve a room at their preferred time and pay only for the duration they need. With an expanding network of partner hotels, diverse accommodation options, and coverage from reputable media outlets, Hotels By Day has solidified its position as a leading provider of short-term, flexible hotel stays.

To explore the range of options and book a room that suits your needs, visit the Hotels By Day website. Whether you’re a traveler looking for a place to rest and freshen up before an evening event, a business professional in need of a quiet space to work, or simply someone who values flexibility in their accommodation choices, Hotels By Day has got you covered. Embrace the convenience of booking hotels by day and experience a new way of staying.

Discover the ease and comfort of Hotels By Day’s unique offering today!

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. It caters to individuals who do not require overnight accommodations but still need a space to rest, freshen up, or conduct business.

How does Hotels By Day work?

Users can book rooms at their convenience through the Hotels By Day app. They can choose the desired check-in and check-out time and only pay for the hours they need. This flexible model eliminates the need to pay for an entire day and night.

Who founded Hotels By Day?

Hotels By Day was co-founded by Yannis Moati and Brian Dass. Yannis Moati, with a background in the travel sector, had a career in the tourism industry before starting Hotels By Day. Brian Dass, with 20 years of experience in the hospitality industry, brought his expertise to the venture.

What happened when Hotels By Day appeared on Shark Tank?

Yannis Moati and Brian Dass appeared on Shark Tank seeking an investment of 0,000 for a 10% equity stake in their company. Despite not securing a deal, Hotels By Day experienced significant growth and expansion after the show.

How has Hotels By Day grown since its appearance on Shark Tank?

Hotels By Day expanded its partner network from 300 hotels to 450 hotels after appearing on Shark Tank. They also launched a sister app called FlexBook and diversified their offerings to include Work Rooms, Meeting Rooms, Event Spaces, and Coworking Desks.

Who is the competition for Hotels By Day?

Hotels By Day faces competition from other online booking platforms like Hotels Tonight and Stayful. However, their unique selling proposition lies in the hourly booking feature, giving them a distinctive edge in the marketplace.

How much is Hotels By Day worth?

The net worth of Hotels By Day is estimated to be million.

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. They continue to offer a convenient and flexible solution for short-term hotel accommodations.

How can I book a room with Hotels By Day?

To book a room with Hotels By Day, you can visit their website and use their mobile app-based platform to choose your desired check-in and check-out time and pay for the hours you need.

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