onefinestay

onefinestay is an upscale city accommodation service that offers visitors the chance to stay in a distinctive home while the owner is out of town, with the services and amenities of a hotel. It allows homeowners to earn an extra, hassle-free income from their house or apartment at times when it would otherwise stand vacant. Guests range from regular business travellers to families, and are people who might otherwise stay in a boutique hotel but are seeking an authentic, new experience when visiting a city. They can book a home instantly online or over the phone.

The company cleans the home before they arrive, provides hotel-grade linens, towels and toiletries, and even lends them an iPhone stocked with detailed local tips from the hosts. The company selects homes carefully, based on their location, availability, character and amenities. They are typically primary or secondary residences that are available for upwards of four weeks a year.

For homeowners, onefinestay provides a full service enabling them to have house guests at those times when they’re away. The company takes care of photography, marketing, cleaning, managing bookings and insurance. onefinestay first launched in London in May 2010. As at April 2016, onefinestay operates 2,600 properties in London, New York, Paris, Los Angeles and Rome.

In April 2016, AccorHotels acquired onefinestay for £117 million ($168 million, €148 million).

Onefinestay's operating plan over the next five years (2016-21) includes expanding into 40 new cities and increasing revenue 10-fold.

Type
Subsidiary
HQ
London, GB
Employees
309 (est)+2%
onefinestay has headquartered in London, GB

Key People at onefinestay

Greg Marsh

Greg Marsh

Co-Founder & CEO
Evan Frank

Evan Frank

VP International
Tim Davey

Tim Davey

Co-Founder & Head of Technology
Petros Demetriades

Petros Demetriades

CTO
Tom Singer

Tom Singer

CFO
Demetrios Zoppos

Demetrios Zoppos

Co-founder & COO

onefinestay Locations

London, GB
Los Angeles, US
New York, US
Paris, FR

onefinestay Metrics

onefinestay Financials

onefinestay's revenue was £15.4 M in Y, 2014 which is 45.28% increase from the previous period.
Y, 2011Y, 2012Y, 2013Y, 2014

Revenue

£10.6 M£15.4 M

Cost of goods sold

£3.2 M£4.1 M

Gross profit

£7.4 M£11.3 M

Gross profit Margin, %

69.8%73.4%

Operating expense total

£20.1 M£24 M

Pre tax profit

£-12.8 M£-13.2 M

Net Income

£-1.7 M£-8.5 M£-12.7 M£-13.1 M

onefinestay Online Presence

onefinestay Company Life

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