Jay Leonard
Next into the tank are Yannis Moati and Brian Dass of Hotels by Day, seeking $750,000 for 10 percent equity.
Hotels by Day makes it convenient to book a day room at a hotel. Whether it be for a daycation or a day of shopping in the city, the app and website can help make it simple to book a hotel room in cities across the world. According to their website, “Day stay hotels can provide flexibility: hotel day rates are 60% cheaper that night rates, making booking a day room very smart.” Their mobile app can pinpoint a customer’s location, sort hotels by price or time bands, checkout and confirm the booking all in a few simple steps.
Watch #HotelsByDay on “Shark Tank” tonight, 2/19, 9:00-10:00 p.m., ET/PT on ABC. Wish us luck!#SharkTank pic.twitter.com/a00JQEAq0I
— HotelsByDay (@hotelsbyday) February 18, 2017
The sharks question why other systems can’t just add that feature or technology themselves, which is where convenience comes into play. They take a fraction of hotels’ inventory and offers it to potential customers. Robert Herjavec doesn’t see it as proprietary and guest shark Chris Sacca doesn’t buy into their system “hack.”
Sacca sees it as a problem that needs solving, but wasn’t impressed with their answers or business model so goes out. Mark Cuban and Herjavec go out as well, followed by Kevin O’Leary and Lori Greiner, who sees it as a puzzle with too many missing pieces so goes out. Ultimately, they fail to get a deal.
Social Media Reacts to Hotels by Day’s Appearance on “Shark Tank”
I like the idea of Hotels by Day! This is a frequent business travel issue. Many times I wish I had a hotel for the morning. #SharkTank
— Giselle J. Phelps (@GisellePhelps) February 18, 2017
Most hotels that can be rented by the hour are the questionable types. #SharkTank
— Rashida. (@RashidaTravels) February 18, 2017
Wouldn't the hotels have to pay extra for more housekeeping too? I mean most housekeepers leave BEFORE checkin time. #hotelsbyday #SharkTank
— Heidi Norrod ® (@Heidi_Norrod) February 18, 2017
I do believe hotels need to let people check-in whenever though. That 3pm check-in doesn't usually work for #business #travel. #SharkTank
— Rashida. (@RashidaTravels) February 18, 2017
Expedia, Travelocity or Orbitz can easily enter this space & crush Hotels by Day. #SharkTank
— Ozelle M., Esq. (@OzelleM) February 18, 2017
Hotels by Day is so confusing. @ABCSharkTank #SharkTank
— Ellie Holmes (@ellierosetx) February 18, 2017
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging business to six multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group. Venture capitalist Chris Sacca is also slated to appear as a guest shark this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $87 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Friday at 9 p.m. on ABC.
Would you use Hotels by Day? Sound off in the comments section below!
This article was written for Business 2 Community by Jay Leonard.
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Not surprised. Dass has been defrauding investors for years. Anyone who knows him doesn’t want to have anything to do with him.