BYHOURS is only the first international online booking platform that allows you to book microstays in more than 3000 hotels for 3, 6 or 12 hours throughout Europe, America and the Middle East. This innovative startup introduces the first pay-per-use system in the hotel sector, which allows customers to choose the hotel check-in and check-out time, and pay only for the hours they need.
BYHOURS was created in 2012 with the idea of bringing flexibility to a business with rigid and stipulated rules: the hotel industry.
Guillermo Gaspart is co-founder and CEO, and Christian Rodriguez is the co-founder of BYHOURS. He was born in a Hotel and is the fourth generation in his family´s extensive hotel business with more than 15 years of professional experience in the travel and hotel industry, he is specialized in business development & strategy in luxury and business hotels. Guillermo holds a strong experience in launching, managing, and operating new travel businesses internationally. He leads the expansion and financial strategy of BYHOURS.
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Christian has a long entrepreneurial career and an innate talent to develop new projects, to recruit young and talented teams and to create winning business ideas. He has founded several companies since the age of 17. Some of his previous projects have been awarded by European Institutions. He is currently a member on Board of Directors of Hawkers Group, as well as a mentor in different accelerators and business programs. Speaker and teacher at different prestigious universities, and familiar face in the entrepreneurial sector in Spain.
Synergy is the fundamental driving the team of BYHOURS. In 2012, Christian Rodriguez (CEO & founder), a business orientated and analytical minded entrepreneur focusing on disruptive models joined with Guillermo Gaspart (Founder & Chairman), hospitality expert and plainly aware of the necessity for his industry to evolve and to adapt to emerging trends. “United we stand!” Joining efforts, they created the concept of Pay-per-use applied to the hospitality market powered by time flexibility for customers and Hotel’s owners. Based on their respective experience and complementary views, the founders invented the winning formula that today allows you to increase your RevPar and to acquire new customers.
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BYHOURS is mainly used by international business travelers in between meetings and international travelers during layovers. The hotel portfolio is therefore strategically thought in order to offer hotel rooms by-the-hour close to the main airports, transport stations, business centers, and city center. Complementary to this, they see a boost and opportunity for all those urban leisure seekers who are open to new experiences in their city and make use of a hotel room for some hours in order to enjoy all hotel facilities and services as a normal guest. Other use cases include rest for relatives close to hospitals in need for some hours of rest and freelancers who find in BYHOURS a meeting room with good WIFI and all the services required to remain productive anywhere.
They believe that market trends focus on adapting and tailoring services and products to the client’s personal needs..
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Now, having consolidated the business model in Spain, the company is branching out into new international markets. BYHOURS already operates in the main European cities and is growing exponentially in Latin America as well as in the Middle East. The next step for us would be to expand the micro stay model to the US during this year 2019 and launch a new B2B oriented business model.
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Although BYHOURS had reached break-even in the Spanish market and keep on with their endeavor to expand the business globally, and becoming the leader of the microstays market internationally. Germany is the current secondary market, close to reaching break-even in the coming months after performing mass media campaigns for over 5 months in the last year. They expected capitals from Italy, UK, Colombia, and France to reach break-even in 6 months time. Other strategic countries in which have a presence in Europe, Latin America, and the Middle East would reach break-even by Q4 in 2020.
They have just opened a Series B fundraising process to new international investors worldwide. The deal amount was set in 10M€. This is the right time for achieving the promising goals but they still rely on the support of current and potential international investors.
Message From BYHOURS Founder
We’re sure that you’ve had a delayed flight at least once, or had to care for a family member who’s in hospital. That’s why we all need a couple of hours to rest in a hotel for different reasons. BYHOURS is intended for all those situations where a hotel is only needed for a few hours; sleeping, working, relaxing, leisure, travel delays… now you can spend all those hours in a hotel. Download now our APP to your Android or iOS device, it’s completely free!