Also in this playlist...
This transcript is automatically generated
Oil prices are up 5% from last year according the newest data from the hotel price index but our next guest says.
There are big discounts out there for last minute hotel room.
Joining us now with Sam -- -- tonight CEO.
And co-founder and you're site has 300 million downloads right now people are loving it.
We decided to Hollywood because not only do we see this is an interest in businesses started story but.
Clearly there's a situation going on with hotel rooms right now first describe how your business works.
-- the first one corrections three million dollars not 300 million dollars today we're on our way there but we're we're getting -- slowly.
But we're still one of the leading hotel booking apps in the way are hurt are our app works is that we work with hotels -- have rooms that otherwise wouldn't sell.
We put them on our -- they've provided discount to to sell those -- and then.
We provide -- -- at a great price make a really simple to book and we've got a lot of people using -- right now now I guess depending on where I don't some places.
You you have more empty rooms and other cities on the New York has has a very low vacancy rate whereas as someplace and midwest might have a great -- so.
Might -- at some time you have to pay a premium for getting a hotel room at the last minute as opposed to a discount.
Yeah you know prices fluctuated supply and demand it's not so much one Citi -- another city.
It's more about the the exact market conditions for example in New York.
They're gonna find really great deals on the weekends and some weeks are gonna have good deals but you know during Fashion Week -- there's going to be.
A premium on the prices that's overall -- and hotel tonight we always have a discount vs what -- pay when you walk into a hotel.
How about hotel tomorrow night -- some people need it more than one night so if you're there for hotel tonight you get a discount you've been re apply the next day.
You can actually look up to five nights in a row starting tonight -- -- for tonight but you can look up to five -- are up so for below that need to be there for a week or weekend we can help them with that.
Where do you get your inventory Sam.
So we work directly with 15100 hotels.
And they provide us with that inventory directly we given the reservation communicated directly to the front desk didn't you can check in right away.
One of the -- things about the hotels we work with as we don't work with just any hotel.
We work at hotels that we personally -- we look at their social media scores we look at their reviews.
And then we continually monitor to make sure they're great hotels so that we don't have to research you don't have to look through a list of 500 hotels and think about which one's the right one for you.
We -- -- really simple for you to know that you're always gonna be inequality hotel.
And at a great rate but how do you offer discounts said that some of the other bigger name is can't offer.
Well I think one of the reasons is -- were mobile lonely and -- only focused on this last minute segment.
Platform where the hotels provide this last minute inventory they compete against each other on any day.
For the spots within the -- and then the best deals for that day get shown to the consumer that keeps the hotels.
Really motivated to provide the best discounts they've got a big incentive to move these rooms that would otherwise not sell.
And we would with the competition that even drives the prices lower so consumers can always feel confident they're getting a great hotel at a great value.
What is one of the best deals you've seen in the past couple of months.
What we have great deals and in New York we have some great partners there.
I think I saw it -- the Thompson LES four.
In the low hundreds was a recent deal we have the hotel -- -- in San Francisco for the amid hundreds that's one of our our popular hotels to.
And -- there's something for everyone -- if you're looking for a more basic hotel.
We have rooms and in New York that are often under hundred dollars C one hotel Chelsea here for 95 -- that seems impossible but -- -- to do it thank you very much for coming -- -- -- selective Sanchez thank you.
Hotel tonight is --
Filter by section