Hotels By Day Shark Tank Net Worth 2023
Hotels By Day Shark Tank Net Worth
Yannis Moati and Brian Dass, the founders of Hotels By Day, have a net worth of 4.5 million USD as of 2022. They appeared on Shark Tank in February 2017 seeking $750,000 for 10% equity in their business.
Towards the end of 2019, the company was valued at $209 million based on business data and revenue.
However, they failed to make their presentation work in the favor of the Sharks and did not receive a deal.
Hotels By Day is an innovative way to make use of hotel amenities without spending the night. The company has since expanded its offerings from day rooms to include other services such as “work from hotel” packages.
As of May 2021, Hotels By Day had over 1500 participating hotels and was only down 30% due to the “work from hotel” trend.
What is Hotels By Day? Who Founded Hotels By Day?
Hotels By Day is a unique hotel enterprise that allows customers to book hotel rooms for a single day without any obligation to stay overnight.
The rates are much lower, making it ideal for business travelers or those who want to enjoy a “daycation” away from home.
Yannis Moati, the founder and owner, grew up in Tunisia and started his career as a tour guide in Europe when he was a teenager, mainly in Italy.
He co-founded a global travel business before becoming a director for another travel company in New York, for which he received the prestigious American Society of Travel Advisors award.
Moati’s childhood in Greece ignited his passion for history and travel, which inspired him to create Hotels By Day.
He saw that clients often only required a day room at a hotel and did not want to commit to an overnight stay. Meanwhile, hotels were losing revenue as rooms remained empty for days at a time.
To solve this problem, Moati created a simple and convenient business model that allows customers to rent a hotel room for a morning, mid-day, or afternoon stay through the Hotels By Day app.
The service benefits both customers and hotel owners by providing a win-win situation.
Travelers can use a room for a short duration without the expense or commitment of an overnight stay, while hotels can earn more revenue by selling more room space.
Hotels By Day is aimed at business travelers who need a few hours of rest after a long journey and vacationers who want a “home base” for a day trip.
Initially starting with 30 hotels in New York and Chicago, the network has expanded to include over 500 hotels in 270 locations worldwide.
In 2016, Hotels By Day introduced a sibling app and website called FlexBook, which offers extended check-in/out options for overnight stays, eliminating the need to book additional nights to accommodate an early or late check-in.
Additionally, travelers can access hotel amenities such as a pool or spa for a lower cost than an overnight stay. Yannis Moati’s innovative and dedicated approach has significantly impacted the travel and tourism industry.
Hotels By Day at the Shark Tank Pitch
In Shark Tank season 8 episode 17, Brian and Yannis pitched their business, Hotels by Day, to the Sharks, seeking $750,000 for a 10% stake, which valued their company at $7.5 million.
The Sharks were skeptical of their “channel management” technique and asked many questions. Chris was particularly curious about their technology, and Yannis’ responses left him perplexed.
Despite completing 6,500 bookings with a revenue of $127,000, the Sharks ultimately decided not to invest.
Hotels by Day survived the global pandemic, which greatly impacted their business. However, they bounced back thanks to the “work from hotel” trend, and by May 2021, they were only down 30%.
They are now the largest player in the market, with over 1,500 participating hotels.
Additionally, they have been mentioned in reputable publications such as the New York Times and the Chicago Tribune. They have also launched a subsidiary called Flexbook.co.
Hotels By Day Net Worth
Brian and Yannis appear on Shark Tank season 8 episode 17 in search of $750,000 for a 10% stake in Hotels by Day. This translates to a $7.5 million valuation.
Hotels By Day Competitors
Recharge Labs, Inc., HotelTonight, and Stayful are among Hotels By Day’s main rivals.
Hotels By Day Shark Tank Updates
Hotels By Day Shark Tank Updates
Hotels By Day is a hotel day rooms service that allows users to book day rooms in hotels all over the United States and London for a fraction of the overnight rate.
The service is designed for business people who need a place to rest or work during the day, without having to book a room for the whole night.
The Hotels By Day mobile app pinpoints the location of the customer and sorts out the hotels by price or time brands, while they can checkout and confirm the booking in a few simple steps.
The app is well-designed, featuring the ability to sort hotels by location and rate, and booking confirmation is sent instantly by email.
In Season 8 Episode 17 of Shark Tank, Yannis Moati and Brian Dass appeared seeking $750,000 for 10% of their company.
Although they failed to secure a deal with the Sharks, the company has managed to expand up to 450 new locations from the 300 they had when they appeared on the show.
The company is growing, but at a smaller pace, highlighted by the Sharks. The Sharks were not convinced by the presentation, as they were all talking to each other, asking questions.
Mark Cuban asked the entrepreneurs how exactly they would block out the rooms, and Yannis Moati stated that the central reservation system of the hotel did not take day bookings.
Despite not securing a deal with the Sharks, Hotels By Day has continued to grow and expand its services.
Summary Table of Hotels by Day Shark Tank Net Worth 2023
| Topic | Summary |
| Founders | Yannis Moati and Brian Dass |
| Net Worth | $4.5 million as of 2022 |
| Shark Tank Valuation | $7.5 million |
| Shark Tank | Appeared in February 2017 seeking $750,000 for 10% equity, but did not receive a deal |
| Current Valuation (2019) | $209 million |
| Hotels By Day | A hotel enterprise that allows customers to book hotel rooms for a single day without any obligation to stay overnight |
| Main Services | Day rooms for a single day |
| Other Services | “Work from hotel” packages, FlexBook (extended check-in/out options) |
| Locations | Over 1,500 participating hotels in 270 locations worldwide as of May 2021 |
| Competitors | Recharge Labs, Inc., HotelTonight, and Stayful |
| Updates | Hotels By Day has expanded to 450 new locations, survived the pandemic thanks to the “work from hotel” trend, and launched Flexbook |
Hotels By Day FAQS
How Do Hotels By Day Work?
Hotels By Day is a booking platform that allows users to book “day rooms” in hotels all over the United States and London for a fraction of the overnight rate.
Day rooms are intraday hotel spaces that are available for a duration of four to nine hours daily, usually between 10 am and 8 pm. The service was launched in 2015 and is currently available in 50 cities.
To book a day room, users first choose between a morning, mid-day, or afternoon stay, and then pick a hotel from a variety of options.
Reservations can be made through the mobile site, iOS or Android app. Hotels By Day allows users to “book now, pay later,” meaning they make the reservation online and don’t pay until they get to the hotel.
The app is well-designed, featuring the ability to sort hotels by location and rate. Booking confirmation is sent instantly by email so users can enjoy their time worry-free.
Hotels By Day is not the only platform that offers day rooms. Dayuse.com is another booking platform that offers daylong hotel stays in 22 countries.
ByHours is a Spain-based company that offers “microstay” hotel rooms in Europe and South America. The rates for day rooms can be as much as 75 percent cheaper than overnight rates.
Who is the founder of Hotels By Day?
Yannis Moati and Brian Dass are the founders of Hotels By Day.
What Happened To Hotels By Day After Appearing On Shark Tank?
Hotels By Day, a hotel day rooms service, has expanded to 450 new locations from the 300 they had when they appeared on Shark Tank.
The company allows customers to book hotel rooms for a few hours during the day without having to book a room for the whole night.
Although they failed to secure a deal with the Sharks, the company has continued to grow and is still active.
The app is available in 50 cities and has been designed to be user-friendly, allowing customers to sort hotels by location and rate, and to book now and pay later.
The company’s website and app provide a list of hotels that offer rooms for the time window customers need, making it easier for customers to confirm bookings.
Hotels By Day offers a unique solution for business people who need a place to rest for a few hours during the day, and for travelers who only need a hotel for a few hours and don’t want to spend the night.
How Has Hotels By Day Expanded Since Appearing On Shark Tank?
Hotels By Day has expanded up to 450 new locations from the 300 they had when they appeared on Shark Tank. The company is still going strong and has expanded to cities all over the world.
The day stay hotels offer flexibility as hotel day rates are around 60% cheaper than night stay rates, which makes booking a day room the smart choice.
The Hotels By Day service allows customers to book hotel rooms for a few hours during the day without having to book a room for the whole night.
The company’s mobile app pinpoints the location of the customer and sorts out the hotels by price or time brands, while they can checkout and confirm the booking in a few simple steps.
The app is well-designed, featuring the ability to sort hotels by location and rate. Hotels By Day is currently available in 50 cities and has expanded to many new locations.
What Is The Current Valuation Of Hotels By Day?
The current valuation of Hotels By Day is not available in the provided search results. The company was initially valued at $7.5 million during their Shark Tank appearance.
However, since failing to secure a deal with the Sharks, the company has expanded up to 450 new locations from the 300 they had when they appeared on the show.
Hotels By Day offers a unique service that allows customers to book hotel rooms for a few hours during the day without having to book a room for the whole night.
The company’s mobile app pinpoints the location of the customer and sorts out the hotels by price or time brands, while they can checkout and confirm the booking in a few simple steps.
The app is well-designed, featuring the ability to sort hotels by location and rate. Hotels By Day is currently available in 50 cities and has expanded to many new locations.
How much was they seeking in the Shark Tank?
They were seeking $750,000 for 10% of the company.
Did they get the deal from the Sharks?
They did not get a deal from the Sharks.
Where are Hotels By Day based?
Hotels By Day is a start-up based in New York.
Is Hotels By Day still in business?
Yes, they are still in business. They have over 450 sites.
When was Hotels By Day aired on Shark Tank?
Hotels By Day was aired on March 18, 2016.
When did they first appear on Shark Tank?
They appeared on February 17th 2017.
What is a day use room?
A day use room is one that is accessible for check-in in the early morning and check-out in the late afternoon. A popular time band on Hotels By Day, for example, runs from 10 a.m. to 6 p.m.
Is the cost of a day room inclusive of amenities?
Most hotels provide all accessible amenities to Hotels By Day visitors.
However, some hotels may have limits on some facilities (for example, complimentary breakfast), which are at the discretion of the particular property.
Please verify with the front desk of their hotel.
Can they book for consecutive time blocks?
They certainly can! If they locate matching time blocks and require them, they will gladly accommodate them with continuous reservations.
When reserving an extra time-band, keep in mind that they will be requested to create a new reservation.
How many people can check-in on daytime bookings?
The maximum number of adults is two. A 10-year-old youngster is considered a full paying guest by most hotels.
How old do they have to be to book a hotel room?
The minimum age for booking a hotel stay is 18. Some hotels, however, are more stringent and will not allow anybody under the age of 21 to check in.
To be safe, they need that they be at least 21 years old to make a reservation.
Will they immediately receive a confirmation for their booking?
Upon confirmation, they should receive an email from them.
Is there day parking available, and if so, how much does it cost?
Many hotels provide a discount for day vs night parking; nonetheless, hotel parking arrangements differ.
Can someone reserve a hotel with a prepaid debit card?
No. Due of security concerns, no hotel accepts prepaid cards. A valid ID and credit card must be supplied at the time of check-in for their day stay booking.
When and how do payments take place?
For ‘Pay at hotel’ bookings, no credit card information is collected at the time of booking on the internet, and customers will pay at the hotel upon check-in.
However, a credit card is required for ‘non-refundable’ bookings, and payment is collected at the time of booking.
In all circumstances, they must check in at the hotel with a matching ID and credit card to the name on the reservation.
Is it possible for them to pay for their hotel in cash?
Yes, most hotels take cash, but customers must still present a matching credit card and ID to pay incidentals in the event of damage.
Let the receptionist know they’d want to pay in cash when they check in.
Remember that they must also for incidentals by credit card, which are often approximately $100 per booking, depending on the hotel.
Is it possible for them to pay for my accommodation with a check?
No. Checks are not accepted as payment for daytime hotel rooms.
