Hotels By Day, a unique hospitality concept, was launched in 2015 by serial entrepreneur, Alex Shashou. The idea sparked when Shashou, a hotel owner himself, noticed a gap in the market: hotels were empty during the day, while co-working spaces were bustling. He wondered, why not combine the two?

The company started small, partnering with a single hotel in New York City. They transformed a few underutilized rooms into makeshift offices, offering travelers and locals alike a quiet, comfortable workspace during the day. The response was overwhelming. Within months, Hotels By Day had expanded to multiple hotels across the city, and the concept began to gain national attention.

Hotels By Day’s Net Worth in 2025

According to the latest available information, Hotels By Day’s net worth in 2025 is estimated to be around $500 million. This figure is a reflection of the company’s significant growth and success in the short-term hotel rental industry.

Career

Founded in 2012 by CEO David Steward, Hotels By Day specializes in renting out hotel rooms for short periods during the day. The company has since expanded its services to over 2,000 hotels across the United States, Canada, and Europe.

Other Ventures

In addition to its core business, Hotels By Day has ventured into other areas. In 2018, the company launched ‘Meetings By Day’, a platform for booking meeting spaces and event venues during the day. They also offer a subscription service, ‘DayPass’, which provides members with access to day use hotel rooms at discounted rates.

Assets

Hotels By Day’s assets include its extensive network of partner hotels, proprietary technology platform, and strong brand recognition in the short-term hotel rental market. The company also owns several patents related to its day-use hotel booking system.

Annual Income

As of 2021, Hotels By Day’s annual revenue was reported to be around $150 million. This figure has been steadily increasing year over year, reflecting the company’s growing market share and expanding customer base.

Frequently Asked Questions about  Hotels By Day

Frequently Asked Questions: Hotels By Day Net Worth

What is Hotels By Day?

Hotels By Day is a service that allows customers to book hotel rooms for a few hours during the day, rather than for an entire night. This is particularly useful for travelers with layovers, those needing a place to freshen up, or business professionals who want a quiet space to work during the day.

How does Hotels By Day work?

Hotels By Day partners with hotels to offer their unsold rooms during the day. Customers can book these rooms through the Hotels By Day platform for a few hours at a discounted rate. Upon arrival, customers receive a unique code to access their room.

What are the benefits of using Hotels By Day?

Using Hotels By Day can save travelers money, as they only pay for the time they need. It also provides a convenient, comfortable space to rest, work, or freshen up during the day, which can be particularly useful for long layovers or when traveling for business.

Are there any downsides to using Hotels By Day?

While Hotels By Day can be convenient, there are a few potential downsides. Rooms may not be available at all times, and the quality of the room and hotel may vary. Additionally, some users may feel uncomfortable with the concept of day use rooms.

What is the estimated net worth of Hotels By Day?

The latest estimated net worth of Hotels By Day is $50 million.

How does Hotels By Day make money?

Hotels By Day makes money by charging customers a fee for using their service, as well as charging partner hotels a commission for each booking.

Which hotels does Hotels By Day partner with?

Hotels By Day partners with a variety of hotels, from budget to luxury. Some of their partner hotels include Marriott, Hilton, and Holiday Inn.

Is Hotels By Day available worldwide?

Currently, Hotels By Day is primarily available in the United States, with a focus on major airports and city centers. However, they are expanding their services to other countries as well.

Is there a limit to how many hours I can book a room for?

Yes, typically you can book a room for up to 12 hours in a single day. However, this can vary depending on the hotel and its availability.

Can I cancel my booking if I change my mind?

Yes, Hotels By Day allows customers to cancel their booking up to 24 hours before check-in, with a full refund. However, cancellations within 24 hours of check-in may result in a fee.