Hourly-stay platforms Bag2Bag, Brevistay, MiStay scale fast as branded hotels monetise idle daytime rooms
Bag2Bag's hourly revenue hit Rs 5-6 cr from Rs 50 lakh in 2021, with 10,000+ properties across 50+ cities. Brevistay clocked Rs 18 cr revenue, 15 lakh users, 4 lakh MAU. IHG, Ramada, Radisson, Ginger now list inventory as Indian hotels run sub-65% occupancy and 30% daytime occupancy.
What happened
Hourly-stay booking platforms Bag2Bag, Brevistay and MiStay are scaling rapidly across Indian cities, partnering with branded hotels (IHG, Ramada, Radisson,
Key facts
- Bag2Bag hourly revenue Rs 5-6 cr (from Rs 50 lakh in 2021)
- 10,000+ properties listed
- 6,000-7,000 hourly stays
- 50+ cities
- Brevistay revenue Rs 18 cr
- Brevistay raised Rs 3 cr in 2023
- 15 lakh registered users
- 4 lakh MAU
- 11,000 listed hotels
- MiStay 100+ cities
- 48% repeat rate
- couples share down to 50-60% from 90%
- Indian hotel occupancy under 65%
- daytime occupancy 30%
Why this matters
With IHG, Radisson and Ginger already plugging in, hourly-stay aggregators are emerging as strategic distribution partners or acquisition targets for chains seeking daytime monetization.
Also reported by
- ET Small Business — 2h after first sighting