In Brief

Recharge lets users look for the closest hotel, book a room in real time and only pay for the minutes they use it

Now you can stay in four and five-star New York hotels and only pay for the exact amount of time you’re in there—by the minute. Recharge, an app developed by Recharge Labs Inc. with Jetblue as their biggest investors through its technology incubator, launched in NYC last month. After downloading the app, users can look for the closest by the minute hotel rentals and book a room in real time. Prices vary from $0.83 to $2 per minute and an added 14.75 percent lodging tax. NYC has a flat rate of $50 per hour for four-star hotels.

No advance bookings can be done with the app, guests need to arrive within 30 minutes of making the reservation. Occupancy isn’t a concern. The app actually leverages rooms that are deemed “occupied” for overnight guests who have yet to arrive.

“A hotel can be at 100% occupancy and still have a 35% room vacancy prior to overnight guests checking in. Many of our hotels which regularly run at 95% occupancy and over are making an additional six-figure profit using Recharge,” reads the app’s website.

The app which officially launched back in 2015 reports an average of 2 hour stay per user.

Recharge

 

Now you can stay in four and five-star New York hotels and only pay for the exact amount of time you’re in there—by the minute. Recharge, an app developed by Recharge Labs Inc. with Jetblue as their biggest investors through its technology incubator, launched in NYC last month. After downloading the app, users can look for the closest by the minute hotel rentals and book a room in real time. Prices vary from $0.83 to $2 per minute and an added 14.75 percent lodging tax. NYC has a flat rate of $50 per hour for four-star hotels.