Stayful was a website and mobile application that allows consumers to bid for or book rooms at independent and boutique hotels. The rooms, which may have otherwise gone unsold, are sold at a lower price than the published rate for the consumer and a lower cost of distribution for the hotel.
Type of site | Website and mobile application |
|---|---|
| Founded | January 2013 |
| Dissolved | 2017 |
| Headquarters | New York, San Francisco , United States |
| No. of locations | United States and Canada |
| Owner | WorldVentures |
| Founder(s) | Cheryl Rosner and Shariq Minhas |
Stayful is headquartered in New York with a location in San Francisco.
Concept
editStayful looks at hotel rates in comparison to what it determines as fair values based on market factors. These factors include supply and demand, day of the week time of the year and prices offered by competitors. A Stayful user sees a suggested fair bid on the website and may enter that bid (or even a lower bid) to be submitted to the hotel. Co-founder Cheryl Rosner said in The Wall Street Journal that hotels accept around 60% of the bids submitted from Stayful.[1]
History
editFounders
editStayful was co-founded by Cheryl Rosner and Shariq Minhas. Rosner was the president of Hotels.com from 2003–2005 and was president of corporate travel at Expedia from 2005–2006.[2] [3] Soon thereafter, Rosner became the President and CEO of TicketsNow, the world's largest independent online marketplace for premium event tickets, and orchestrated its sale to Ticketmaster in 2008.
Minhas has run engineering teams at Hotwire, Expedia, Jigsaw, FanIQ.
Launch and expansion
editStayful launched in January 2013. [4]
As of 2015, Stayful had launched in 25 cities throughout the United States and Canada. Plans for international expansion included Europe. [citation needed]
Sale
editThe company was sold to WorldVentures in 2017 and operations wound down. [4]
References
edit- ^ Karmin, Craig (June 3, 2014). "New Push to Make Paying Full Price for a Hotel Room Passé". Wall Street Journal. Retrieved July 29, 2014.
- ^ Glover, Adrien (December 6, 2014). "Q+A Series from PhoCusWright 2013: Cheryl Rosner of Stayful.com". Travel and Leisure. Retrieved July 29, 2014.
- ^ McCartney, John (June 5, 2007). "TicketsNow Appoints Cheryl Rosner as New President and Chief Executive Officer". PRWeb. Retrieved February 14, 2020.
- ^ a b "Hotel Booking Site Stayful Winds Down and WorldVentures Holdings Picks Up the Pieces". Skift. May 4, 2017. Retrieved June 14, 2019.
- Allan, Patrick (July 5, 2014). "Stayful Finds the Best Price on Independent Hotel Rooms". Lifehacker. Retrieved July 29, 2014.
- Doctrow, Rebecca (July 17, 2014). "TOP 25 TRAVEL WEBSITES: THE ONLY TRAVEL ADVISOR YOU'LL EVER NEED". All My Faves. Retrieved July 29, 2014.
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