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Microstay
Microstays are residency periods in a hotel room of less than a full night stay, choosing the check-in time and length of the stay in hours. Although such short stays have not been commonly offered by mainstream hotels in the Western hospitality industry, doing so emerged as a trend in the ''World Travel Market Global Trends Report 2013''. Bookings for less than a full night stay became more popular in Europe as a way to increase revenue by offering greater flexibility. By offering microstays, hotels can take advantage of their available inventory and sometimes sell the same room twice in a day. See also * Stayr and Getstayr.com – Hotel & Workspace bookings by the hour! * ByHours and Dayuse.com – Two microstay booking services * Day room (hotel) – Hotel bookings for brief stays especially for daytime use or layovers near airports and cruise ship ports *Love hotel A love hotel is a type of short-stay hotel found around the world operated primarily for the purpose of allo ...
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Hotel Terminology
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered (or named in some smaller hotels and B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In Jap ...
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Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered (or named in some smaller hotels and B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In Ja ...
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ByHours
BYHOURS is a Spanish company and hotel microstay platform offering hotel stays by the hour. Guests book the hotel for a specific time of arrival and a duration of 3, 6, or 24 hours. History The company was founded in March 2012 by Christian Rodríguez and Guillermo Gaspart in Barcelona, Catalonia, Spain. The company raised €600K seed funding from Caixa Capital and Cabiedes Partners in July 2013. In 2014, according to Travelmole, over 150,000 bookings were made through BYHOURS at over 1,500 hotels in Spain. In 2018, the company reached the first million hours booked in their platform. During 2019, BYHOURS opened a new office in Mexico City, Mexico, and started its new expansion project in Latin America and the United States. BYHOURS currently has about 60 employees based at its Barcelona headquarters and Mexico City office. BYHOURS offers more than 4,000 hotels by the hour in more than 24 countries around the world and about 600 destinations throughout Europe, Latin Ameri ...
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International Business Times
The ''International Business Times'' is an American online news publication that publishes five national editions in four languages. The publication, sometimes called ''IBTimes'' or ''IBT'', offers news, opinion and editorial commentary on business and commerce. IBT is one of the world's largest online news sources, receiving forty million unique visitors each month. Its 2013 revenues were around $21 million. As of January 2022, IBTimes editions include Australia, India, International, Singapore, U.K. and U.S. ''IBTimes'' was launched in 2005; it is owned by IBT Media, and was founded by Etienne Uzac and Johnathan Davis. Its headquarters are in the Financial District of Lower Manhattan, New York City. History Founder Etienne Uzac, a native of France, came up with the idea for the global business news site while a student at the London School of Economics. He found that the strongest business newspapers had a focus on the United States and Europe and planned to provide bro ...
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Euromonitor International
Euromonitor International Ltd is a London-based market research company founded in 1972. History The firm was founded by Robert Senior in 1972. Trevor Fenwick joined in 1978. Euromonitor International's main product is Passport, a subscription-based database of market research. Much of the information on Passport is written by Euromonitor International's analysts, although it also includes information from various other sources. In 2014, the Queen's Award for Enterprise: International Trade (Export) was awarded to Euromonitor. See also * Mintel Mintel Group Ltd is a global, privately owned market research firm based in London. The corporation also maintains offices in Chicago, Mumbai, Belfast, Shanghai, Tokyo, Sydney, Sao Paulo, Singapore, Kuala Lumpur, Dusseldorf, Bangkok, and Seoul. ... * Datamonitor References {{company-stub External links Official website* This article began as a (s)lightly enhanced version of a Vietnamese-language machine translation, with E ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees. This definition is based on IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profits or net income generally imply total revenue minus total expenses in a given period. In accounting, in the balance statement, revenue is a subsection of the Equity section and revenue increases equity, it is often referred to as the "top line" due to its position on the income statement at the very top. This is to be contrasted with the "bottom line" which denotes net income (gross revenues minus total expenses). In general usage, revenue is the total amount of inc ...
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Day Room (hotel)
A day room (or day use) is a method of booking a hotel room for same-day use. History Historically, the use of day rooms dates as far back as the hotel itself. In literary history, has been associated with the idea of renting rooms on an hourly basis. For a time, this practice had a negative connotation for hotels and motels. In Japan, this practice is commonplace, but exclusive to a specific type of hotel called a love hotel. Long layovers and unpredictable travel plans re-created the demand for day rooms in modern times. In the United States, jobs that require travel became more popular in the 20th and 21st centuries. The practice of renting a hotel room for a day is also common among travelers and vacationers who go on cruises, as well as commuters visiting cities for conferences and those with long layovers, due to the fact that cruise ships typically depart and arrive at early hours of the morning. This is usually more affordable than booking a hotel overnight. Day rooms are n ...
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Love Hotel
A love hotel is a type of short-stay hotel found around the world operated primarily for the purpose of allowing guests privacy for sexual activities. The name originates from "Hotel Love" in Osaka, which was built in 1968 and had a rotating sign. Although love hotels exist all over the world, the term "love hotel" is often used to refer specifically to those located within Japan. Distinguishing characteristics Love hotels can usually be identified using symbols such as hearts and the offer of a room rate for a as well as for an overnight stay. The period of a "rest" varies, typically ranging from one to three hours. Cheaper daytime off-peak rates are common. In general, reservations are not possible, and leaving the hotel will forfeit access to the room; overnight-stay rates become available only after 22:00. These hotels may be used for prostitution, although they are sometimes used by budget-travelers sharing accommodation. Entrances are discreet, and interaction with ...
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