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HotelsByDay

Book your daytime oasis in the middle of the city

HotelsByDay

Book your daytime oasis in the middle of the city

New York NY
Software Technology Hospitality B2C Leisure
Because nowadays we need flexibility in everything we do, and left to their own device hotels will not provide this layer of flexibility on their own.  Hence, without us, they're running the risk of making Hospitality inhospitable.
Yannis Moati CEO @ HotelsByDay
Last Funded December 2018!

$732,051
total funds raised

260
total investors

  • Updates 2
  • About
  • Reviews50
  • Ask a Question 30

Why you may want to support us...

1 $12M+ in gross bookings revenue to date.
2 50% guests are repeat users.
3 1000+ hotels signed, expecting 75% growth in 2020.
4 200K+ bookings.
5 Featured on Shark Tank.
6 Sells all idle space at a hotel, from dayrooms to conferences, spa, gym, pool passes, FB and events.
7 CEO has 20 years of experience in hospitality.

Why investors us

we've raised $732,051 since our founding
We recommend Hotels​B​y​D​ay​ to many of our client hotels. It is a great additional and truly incremental revenue stream/market segment. It is rare these days to have something in the hospitality space that creates a new source of revenue! Hotels are open and running 24 hours, H​otels​B​y​D​ay​ is the ideal way to better capitalize and monetize unused space. Hotels have total control on price, time blocks, allocations, conditions. I feel confident that the team at HBD is moving this sector in a positive direction that will impact hotel revenues for years to come!
Jeff Osborne
Greenwich Hospitality Consulting, LLC
Yannis knows me
Shlomo Ben Nasser
on 11/30/2018

Our team

Tony Cheung
Tech, Finance, Product Manager
10 years experience in financial industry. B.S. in IT.
Loulu Lima
Business Development
20+ yrs in hospitality, specializing in sales, marketing, hotel distribution, & revenue management.
Kellie Pelletier
Public Relations Consultant
Award-winning PR professional with 20+ years experience in consumer travel, e-commerce/technology,
Yannis Moati
CEO
20+ years in hospitality. Co-founded a travel agency, and directed a global tour operator company.
Eddy Kaljic
Head of Partnerships
B2B evangelist, signed over 200 properties and counting. HotelsByDay culture maker.
Kyle Blasco
CMO
6+ years as Marketing project manager leading teams at USA based marketing agencies. Responsible for HotelsByDay’s agile growth.
Raul Rey
CTO
Established engineer and tech project manager for leading website applications. 2+ years CTO at HotelsByDay executing a complete tech overhaul.

In the news

Downloads

HI Investor Profile - WeFunder.pdf
New York NY
software technology hospitality b2c leisure

A hotel room just for the day!

Today we live in an on-demand, on-the-move experiential economy, and hotels have protocols and technologies adopted from decades past.  Thanks to our company, we help hotels transit to a more dynamic way of monetizing inventory.  We're very excited by the trend we're witnessing in building a hospitality industry more flexible than ever!

Our Customers

In the middle of a big city, it's nice to have a resting place all to yourself. Our customers book day-stays for early flight arrivals, to work in privacy, refresh from jetlag, sleep during a long layover, and to use hotel amenities, such as pool passes, gym & spa sessions.

Our Credibility in the Industry

With more than 1000 hotel partners, our deal flow is predominantly inbound. To hear from our CEO himself on how things have developed, listen to our episode on the podcast "Lodging Leaders."

Let's Make Hotels as Flexible as Travelers

Dear Investors,

We're now in our fifth year and stronger than ever!  

This quarter marks our fifth year in operation. Coincidentally, as if to mark our anniversary, our Shark Tank episode (#817) also aired for the fourth time that period — and while we haven’t broken the internet yet, we're surely putting in the hard work to turn this 5-year-old company into an overnight success!

Since we last raised on WeFunder: 

- HotelsByDay acquired amenity-focused startup DayAxe
- YOY MRR increased by 55% organically
- YOY hotel onboards increased by 38%
- YOY loyal guests sign-ups increased by 120%
- Acquired a membership program with recurrent revenue
- Launched & strengthened Israel market - Boosted tech to process check-ins as early as 1AM and check-outs as late as 11PM (a sector innovation)
- Turned red 2019 P&L, back to black

This year we plan to:
- Raise $2.5M (of which $400,000 on WeFunder) to accelerate our growth from $4.5M GBV to $127M GBV by year 5.
- Engineer centralized portal for hotels to monetize all unused spaces: from day rooms to conferences, coworking, amenities, spas, events.
- Grow to become the world's first B2C one-stop shop for all day spaces (the Expedia of day-spaces & events)

Last time you read about us, we were operating in one sector: day-rooms. Now we've broadened our scope and operate in four sectors: day-rooms, cabanas, spas, and pool passes. The vision of becoming the leading booking platform for all on-demand daytime experiences is becoming a reality: You have a few hours available... What would you book today?

So do not wait!  Participate!  And together, we will be the proverbial village that raises a startup.

Thank you for participating in this round & go HotelsByDay!

Sincerely,

Yannis Moati

CEO & Founder

Investor Q&A

Expand all
What does your company do?
Historically, hotels have been unwilling to offer rooms just for the day, sticking instead to rigid check-in and -out times. We created HotelsByDay to make it easy for guests to book single day stays and hotel amenities and for hoteliers to load inventory in just a few clicks. Intuitively, it makes sense. Financially, it does too – we've brought in $12M+ in gross booking revenues that simply did not exist before we launched the company!
Where will your company be in 5 years?
We're building the one-stop shop for all your day time activities!  Sort of an Expedia for day-activities!  From booking a conference room, to a day room, or spend the day by the pool and be pampered in a luxurious sauna.  We have it all for you, and we're now bringing our easy-to-use platform to the millions of travelers and hoteliers across the globe.
Why did you choose this idea?
Because nowadays we need flexibility in everything we do, and left to their own device hotels will not provide this layer of flexibility on their own.  Hence, without us, they're running the risk of making Hospitality inhospitable.
What is Hotels By Day?
HotelsByDay is a platform that allows guests to book hotel rooms and hotel amenities for a few hours in the day. My name is Yannis Moati, CEO of HotelsByDay.com. My professional background started as a travel guide, a travel agent then tour operator, and I faced plenty of customers who wanted a hotel room for a few hours to refresh from a long flight or just take a break in their itinerary. And it was hard to provide those rooms, even if plenty of inventory was sitting empty all day. The protocols to sell packets of hours simply did not exist. Our goal launching HotelsByDay.com is to create a set of protocols and technology allowing hotels to monetize rooms and amenities for the day without displacing overnight guests. It’s a bonus in their revenue stream without impacting negatively on their night stays. We’re providing the plug and play package, in exchange for a commission on sales.
Why haven’t hotels rented rooms during the day?
It's a confluence of two main reasons. One, traditionally, day rooms are associated with a romance which stopped hoteliers from developing this segment. But what that thinking doesn’t take into account is that we live in an ever more dynamic society -- a society that, nowadays, is asking for on-demand everything, where you book everything whenever you want it. Hoteliers are being squeezed by this demand of flexibility as their operating model is very strict: Check in no sooner than 3pm. Check out no later than 11am next day. It’s rigid. The second reason is that, essentially, hospitality technology is focused on transacting overnight stays, not day stay. The tech ecosystem is antiquated. With HotelsByDay, hoteliers are offered the tech plug-in as well as the marketing know-how to seamlessly and honorably monetize day rooms, as well as amenities such as pool passes, spa passes, gyms, events, etc...
How did Hotels By Day begin?
My professional travel life started 20 years ago as a tour guide, then travel agent and tour operator. Then, I observed that there is no simple way for a hotel to be flexible with its room allotments while guests nowadays require a whole array of time bands that hotels are not set up to provide. Why can't they be more flexible?  I recalled walking through hallways of rooms sitting empty all day long. Yet, as a travel agent, every time I asked for flexible hours for my guests, the answer would invariably be negative. Currently, without our tech & protocols, hotels prefer refusing the extra revenue and waste away idle real-estate all day. We're here to solve this issue. We launched the company in February 2015, with about 15 hotels as a test model. The first year, we had 2,700 bookings. We realized that customers loved it and wanted more, and we scaled it since then to our current levels. The reason why we're turning to the WeFunder community once again is to use the funding to improve our technology post merger with DayAxe.com, increase our conversion rates, widen the breath of our services and gear us for international expansion.
How does Hotels By Day work?
The majority of the bookings are generated on the website and app. We are being praised by guests for how easy it is to book on our platform with stellar reviews. I suggest the reader tries it out as well ;) As for conversions, most of our bookings are now organically converted and do not cost a dime. That's why we went from tens of dollars of marketing spent per realized booking, to $3.5 per booking last year.
Who are your customers?
About 60% of our customers are leisure travelers who just want to daycation, take a rest, meet somebody in privacy, or use all the amenities of a hotel-  the spa, the swimming pool, the breakfast-in-bed type of experience. They just want to rest for a day, take a break & be pampered. Another 18% are business travelers, who use hotel rooms to be able to rest for a few hours and work in privacy, get ready for the meeting, report back to headquarters, etc.. 10% of our guests use a hotel room for napping. That's becoming a trend BTW: productivity boost by midday naps.
How much does it cost to acquire a customer?
At launch, cost to acquire a new customer was over $65. It’s now it's a single digit, and being that we're generating about $13 per booking makes us profitable right away, even with the most expensive conversion platforms. The rest is all organic. And as mentioned on the deck, our blended CAC is now at less than $5 for both companies
Who are your competitors?
The large booking sites are not interested in our model because, as I mentioned earlier, the whole day-stay ecosystem does not connect to the hotel central reservations systems. Because of that lack of booking fluidity with the hotels, the large online travel agencies feel that this is not worth their effort. They're making a million times more bookings than us, and so the effort of growing this niche and being part of the future of how people book a hotel and how they travel -- is not on their radar. As for other day-time booking operators, we're in a nascent sector and there's a long way to go before any of our startup competitor leads the race. Right now, we're all competing and growing the market.
What are your goals for the next year?
What we are testing right now is onboarding apartments. It was not part of the original plan, but we’ve realized that apartment owners are a lot quicker in making a decision than hoteliers. They also run the same model as a hotelier, where they run 80% of their occupancy throughout the year and have gaps throughout their booking patterns, whether it be by week or by year, and they wish to fill in those gaps. And we’re the only company that can fill in those gaps. The size of the market in apartment listings is absolutely monumental, and we'd like to tap into that market right now. We're about to sign contracts for apartments in Miami, Boston, Toronto, and New York. It's essentially opening the apartment model for day stays and short stays. We’re very excited by this development.
How will you ensure you maintain good relationships with hotels?
We're incorporating more hoteliers with each passing week and diversifying their income on otherwise idle and wasted inventory. Who doesn't like more money?
How will you keep the business growing?
More marketing leads to more press, leads to more guests, leads to more good experiences, leads to more repeat guests. What we have created in our test tube phase can now scale globally and generate great returns.
What do you plan to do with the money you raise from Wefunder investors?
There are two pistons in our growth engine: tech and marketing. Most of our WeFunder proceeds will be allocated to these two categories. More details are available upon request, DM.
What’s your endgame?
To be the Expedia of hourly experiences! We are moving from our legacy of one sector, the day-room sector, to now four sectors: day-rooms, pool passes, spa passes and gym passes. The goal is to be the answer to this question: You have a few hours available... what would you book today?
What worries do you have about the future?
What's not to worry about the future? ... everything can and will go wrong. But we're 5 years in this sector now, and learning how to measure our steps to minimize risk and acquire guests according to clearly defined marketing strategies and applications.
Why is the hotel industry so resistant to change?
Because selling hotel rooms is the second oldest profession in the world and things have stayed pretty much the same since. And now that we live in an on-demand, on-the-move, sharing economy fueled by hand-held technology, hospitality (like a lot of other industries) is caught with systems and protocols that resist and pause the speed of adoption of new models. But with time, things are changing. For everyone's benefit.

Financials

HotelsByDay has financial statements ending December 31 2018. Our cash in hand is $49,679.86, as of March 2019. Over the three months prior, revenues averaged $107,995.59/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $108,737.66/month.

At a Glance

January 1 to December 31
$383,896 +61%
Revenue
$24,617
Net Profit
$1,999 [93%]
Short Term Debt
$102,051
Raised in 2018
$49,680
Cash on Hand
As of 03/20/19
Income
Balance
Narrative
A note from Wefunder. Unlike companies on the NASDAQ, early-stage startups have little operating history. Financial analysis is not as useful when there is limited data. It's more important to predict the size of the future market. If the founder achieves their vision, will enough customers pay the company enough money?

It's also common for fast-growing startups to lose money even faster: they are investing in future growth. In these cases, it's often better to check if the Cost of User Acquisition (CAC) is lower than the Lifetime Value (LTV) of that customer. If one spends $1000 today to make $10,000 over the next five years, that may be a smart bet. Amazon is a famous example of re-investing potential profits to maximize growth over 20 years.
Net Margin:
6%
Gross Margin:
100%
Return on Assets:
10%
Earnings per Share:
$0.09
Revenue per Employee:
$76,779
Cash to Assets:
28%
Revenue to Receivables:
800%
Debt Ratio:
1%
December 2018 Financials External.pdf
2018 Hotels By Day LLC Tx Rtns.PDF

Risks

1

The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.
2

A lack of funding to scale our business may be detrimental to progress. We are relying on investments to scale our company to greater profitability. 
3

Antiquated hospitality technology makes it very difficult for us to integrate or persuade businesses to use our technology.

4

Competition with other larger travel companies could limit our expansion. Expedia is an example of a competitor.

5

A failure to maintain our current customer base or to attract new customers, would negatively affect our business.

6

Loss of team talent due to poor funding. We are reliant on a small management team and a loss to any of these key members along with a failure to attract new talent may be problematic for our business.

7

In an economic recession, people tend to spend less money on luxuries, including hotels. In the case of an economic recession, this could cause a downward trajectory to our revenues. 
8

If a sex ring is caught using our app, the publicity could be damaging to our reputation and brand. 
9

We could be subject to a breach of our technology which would result in a loss of privacy for our customers.
10

Tony Cheung and Eddy Kaljic are part-time officers, which may result in diminished time being committed to the company.

Details

The Board of Directors

Director Occupation Joined

Officers

Officer Title Joined
Yannis Moati CEO   2014
Eddy Kaljic Director of Sales 2016
Tony Cheung Principal Accounting Officer 2014

Voting Power

Holder Securities Held Voting Power
Yannis Moati 88,667 Units 33.3%

Past Equity Fundraises

Date Amount Security
01/2014 $80,000 Priced Round
12/2018 $102,051 SAFE
08/2014 $550,000 Priced Round

Outstanding Debts

None.

Related Party Transactions

None.

Use of Funds

$50,000 30% Technology improvements which will include improving the UI/UX of the app. 20% Building out the loyalty program.  30% Adapting our website and apps to scale internationally with translations and customizations. 15% Part time data scientist 5% Wefunder Intermediary fee
$107,000 25% Technology improvements which will include improving the UI/UX of the app. 10% Building out the loyalty program. 15% Allowing website and apps to scale internationally with translations and customizations.  18% Part time data scientist 27% Connectivity to hospitality ecosystems (demand & supply) 5% Wefunder Intermediary fee

Capital Structure

Class of Security Securities
(or Amount)
Authorized		 Securities
(or Amount)
Outstanding		 Voting
Rights
Units 266,666.67 266,666.67 Yes

Form C Filing on EDGAR

The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.




Yannis Moati on Sep 2 2020
CEO @ HotelsByDay Founder
Sean Stobart, Philip WILSON, and Gloria Su

Yannis Moati on Mar 15 2020
CEO @ HotelsByDay Founder
Sean Stobart, Francisco Sauceda Jr, Shalin Shah, and 4 others


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