Hotels by Day Update | Shark Tank Season 8

After realizing travelers struggled to find a place to rest without booking an entire night, Yannis Moati and Brian Dass came up with Hotels by Day. Their app offers short-term room bookings, giving travelers a flexible, affordable break while helping hotels earn from rooms that would otherwise sit empty. Will the sharks check in on this idea? Let’s dive into our Hotels by Day update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Hotels by Day after Shark Tank.

Yannis and Brian entered Shark Tank Season 8, seeking $750,000 for a 10% equity in their Day room hotel booking app, Hotels by Day. Unfortunately, they left without a deal as the sharks felt the business seemed high-risk and poorly managed.

In terms of a Hotels by Day update, the company effectively expanded its hotel partnerships from 300 to 450. Furthermore, they made an international expansion and have grown to around $5 million in annual revenue.

Shark	Result
Kevin O’Leary	No offer
Lori Greiner	No offer
Robert Herjavec	No offer
Chris Sacca	No offer
Mark Cuban	No offer

Shark Tank Hotels by Day Pitch

• Entrepreneurs: Yannis Moati and Brian Dass
• Business: Day room hotel booking app
• Ask: $750,000 for 10% equity
• Result: No deal
• Sharks: None

Yannis and Brian started their pitch with a vision to change how travelers use hotel spaces.

They sought an investment to expand their app’s reach and boost marketing, hoping to attract a growing group of flexible travelers.

With Hotels by Day, customers can choose from a list of hotels offering rooms for just the hours they need, making booking quick and easy.

This setup also helps hotels fill rooms throughout the day, not just overnight.

As they pitched, Mark Cuban joked they sounded like a Saturday Night Live skit, while Robert Herjavec jumped in to ask about pricing—a six-hour stay costs $90.

Kevin O’Leary questioned why other booking sites don’t offer this feature, and Yannis explained that the necessary technology doesn’t yet exist.

When Yannis and Brian tried to explain their “channel management” system, the sharks seemed more confused.

Chris Sacca pressed for details on what made their technology unique. Unfortunately, their answers only added to his frustration.

At the time of their pitch, Hotels by Day had completed 6,500 bookings, bringing in $127,000 in revenue.

Yannis acknowledged these numbers were modest but saw them as a strong starting point.

Chris agreed that the company was solving a problem but thought the entrepreneurs did a terrible job explaining themselves, so he exited the negotiations.

Mark thinks their numbers are too “tiny,” he’s out too.

Robert likes the idea but thinks the big hotel chains would duplicate what they do. He’s out.

Lori Greiner thinks there are too many missing pieces, so she exits the deal.

Kevin thinks they made it impossible to invest, and he’s the last shark out.

With no offers from the sharks, Yannis and Brian left without a deal.

Keep reading our Hotels by Day update to find out what happened to their company.

Shark Tank Hotels by Day Update 

Our Hotels by Day update found that although the entrepreneurs left without a deal, they quickly expanded their hotel partnerships from 300 to 450.

However, when the pandemic hit in 2020, the company saw an 82% drop in bookings.

But as remote work took off, many turned to Hotels by Day for quiet workspaces outside the home, sparking a surge in “work-from-hotel” bookings.

By mid-2021, demand had nearly bounced back, with over 1,500 hotels on board, making them a leader in this niche.

In 2022, Hotels by Day went international, adding major European cities to its list of partnerships and opening its doors to travelers and remote workers abroad.

Our research on the Hotels by Day update found that their annual revenue has grown to around $5 million.

Further, they introduced FlexBook, a service offering flexible check-in and check-out options for overnight stays.

At the time of writing, Hotels by Day has expanded its lineup to include Work Rooms, Meeting Rooms, Event Spaces, and Coworking Desks.

Despite not getting a Shark Tank deal, Yannis and Brian managed to take their business to new heights.

We can’t wait to see what our next Hotels by Day update has in store for us.

Before you go, check out more company updates from Shark Tank Season 8 Episode 17:

• Toymail Talkie Update
• Edn Wellgarden Update
• Bitsbox Update

For company updates from the rest of Season 8, stop by our Season 8 products page.