Hospitality industry veterans, technology experts and entrepreneurs Brian Dass and Yannis Moati pitch Hotels by Day, a business that allows travelers to book a hotel room during the day, in episode 817. They started the business in early 2015 to allow hotels to sell “uncommitted inventory” to travelers who wanted a room for a few hours to refresh themselves.
Consumers simply download the Hotels by Day app to their smart phone and they can book a hotel room for a morning, mid-day, or afternoon stay. It's a win/win for travelers and hotel owners. Travelers can access a room for a short period without the expense or commitment of an overnight stay and hotels increase revenue by selling more room space.
They currently have deals with hotels in Chicago, Los Angeles, Miami, New York and Fort Lauderdale, Fla., that are available for six to eight hours, during the day only. Travelers can also get access to a hotel pool or spa for a much smaller fee than an overnight stay. The service is aimed at business people who need to refresh for a few hours after a long flight and people who need a “home base” for a “daycation.”
So far, the business is well received by hotel operators and consumers. The company was profitable from day one. They likely need a Shark's help expanding their geographical base. Will a Shark book a room with this business?
Hotels by Day Shark Tank Recap
Brian and Yannis will pitch the panel of five Sharks on the business and its prospects for growth. They’ll need to convince Mark Cuban, Robert Herjavec, Kevin O’Leary, Lori Grenier, and Chris Sacca that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but they’ll need to show them THEY are capable of running the company to “Shark standards.” A full pitch re-cap on Hotels by Day will be available on Shark Tank Blog once this episode airs.
Hotels by Day Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Hotels by Day & Brian Dass and Yannis Moati as more details become available.
Posts About Hotels by Day on Shark Tank Blog
Hotels by Day Company Information