2023 Breakthrough Release – Trailblazing Revenue Management
The breakthrough every property manager and host deserves
Explore 20 new products
Want to know more? Can’t wait to get started? Take action now!
Register to the launch webinar
Start your free trial!
Hyper Local Pulse Algorithm
Introducing Hyper Local Pulse (HLP), our completely revamped dynamic pricing algorithm. Reengineered from the ground up, it seamlessly integrates hyper-local market trends, utilizing short-term rental demand and supply data. Improved elasticity estimation and faster forecasting allow the system to adapt to changes swiftly.
More Precision
Access to extremely localized pricing decisions, ensuring relevance and accuracy. Unlike our competitors with a broad-market level approach, PriceLabs gives you today the next-generation level of pricing relevance.
Faster Response
Swift response to market changes with improved responsive seasonality and event pricing.
Higher Revenues
Anticipate and adapt to market fluctuations, improving the property’s revenue potential
Discover more about the benefits of Hyper Local Pulse
Performance Metrics
An upgraded dashboard that offers detailed performance analysis. Users can filter and sort listings based on the set of metrics they choose.
- Pick the metrics and time range you want to track
- Get a clearer view of your listing performance and make informed decisions.
- Efficiently pinpoint and act on listings that might need attention within your portfolio.
Discover more about Performance Metrics
Smart Presets for Short-Term, Mid-Term, and Multi-Unit Rentals
A feature that guides users in customizing PriceLabs according to their specific business type. It also provides actionable tips for setting values. Smart Presests simplify the customization process, ensuring users get the most out of PriceLabs and reduces the overwhelming feeling of navigating numerous settings, making customization more user-friendly.
- Pick your property type
- See the set of customization types that we recommend
- See the values we recommend for each customization
- Choose which customizations you want to turn on and which values you want to use
Desktop App
Maximize Productivity when working with multiple tabs and listings
- Enhanced Performance: Experience faster data processing and responsiveness on your computer.
- Work faster when managing changes in large portfolios by using PriceLabs directly on your computer.
Discover more about the Desktop App
Team Management
Customize access, oversee changes — PriceLabs ensures you manage your team with finesse
Assign listings
Decide which team member is in charge of which group of listings.
Access Rights
Admins decide on user rights for each team member
Change Log
See who did what for peace of mind and clarity within the team
Discover more about the benefits of Team Management
Property managers trust PriceLabs.
What they say about our new release.
Discover the testimonials of PriceLabs users who’ve using our Hyper Local Pulse (HLP) algorithm.
MARBELLA LANE has been using PriceLabs for years, we have had a positive experience using PriceLabs for dynamic pricing.
It is impressive the Pricelabs‘ new release with its updated new algorithm is a true testament on how accurate their dynamic price recommendations have become. They help you capture more revenues while at the same time, not sacrificing your Occupancy!
In short, as of today they are one of the the very best in the market in respect to dynamic pricing!
Willy Chang
Marbella Lane
The new algorithm has really taken an already stacked pricing tool to the next level! The way the new algorithm updates daily to changing market conditions is truly amazing. Grand Welcome has entered into 50+ new markets in the last 2 years with another 20+ markets going live before the end of 2023. This is going to save us around 75% in setup time for new markets and allow us to put more focus on the areas that matter
Jon
Grand Welcome
The new algorithm better leverages Pricelabs built-in seasonality & demand adjustments to optimally set up your pricing calendar. Not only have we seen an improvement in DoW pricing, but we’ve also seen an improvement in peak demand date rate pricing.
Fabio
StaySoSuite
How the new PriceLabs tools get you closer to your business goals
PriceLabs is bringing cutting-edge and user-friendly improvements for hosts, property managers, and revenue managers.
-
Enhanced Precision & Relevance in Pricing
Leverage our Hyper Local Pulse algorithm and Nudges Framework for market-responsive pricing. -
Efficient & Streamlined Operations
Revenue management teams save time by creating smarter workflows and assigning listings easier to individuals. -
Swift Access to Critical Metrics, Anywhere:
Stay connected with the PriceLabs Desktop App and use the new Metrics Dashboard for real-time insights. -
Industry Recognition and Innovation:m
Benefit from our award-winning breakthroughs powered by our world-class data science team. -
Global Solutions for Short-Term, Mid-Term, and Multi-Unit Rentals:
Data for every market in the world from sources such as Airbnb, Booking, Vrbo, and Key Data, available in five languages.
More products and tools released
Pricing featuresIntelligence: Reduce the need for human intervention
Market-driven Last-Minute and Far-Out Customizations
These new versions dynamically adjust the default values for last-minute discounts and far-out premiums based on real-time market data. They incorporate daily changes to stay current with market dynamics and offer users the flexibility to adjust the sensitivity of these pricing factors.
Enhanced Min Stay Recommendation Engine
An engine that provides both annual minimum stay recommendations and specific suggestions for months that deviate from typical patterns.
Min Stay Flexibility
PriceLabs allows hosts to define minimum stay rules tailored to specific days, seasons, or booking lead times. With integrated Custom Seasonal Profiles, hosts can ensure optimal stays, especially during peak periods, using general, specific, or season-based methods.
Seasonality Customization
Choose from four pricing options: “Conservative” for minimal adjustments, “Recommended” for typical shifts, “Aggressive” for bold changes, and “No Seasonality” for steady year-round rates. Perfect for matching your property’s demand patterns.
Hotel Weights Customization
Tailor your property’s rates by balancing the influence of both short-term rental and hotel market trends. Ideal for hotel-like accommodations, this feature lets you adjust how much hotel pricing data impacts your listing prices.
Hotel Comp Sets Customization
Fine-tune your pricing by selecting specific neighboring hotels that influence your rates. Especially useful if you feel local hotel rates impact your property more than short-term rentals.
No Ghost Listings
We’re removing “ghost listings” from our Airbnb dataset for better accuracy. These are properties without a year’s bookings and none forecasted for six months. This step enhances data clarity and may uplift occupancy metrics.
Sub-Groups
Tackle the complexity of hundreds of listings with Sub-Groups. Adjust settings across PMSs at the Account-Level, group by criteria such as cities at the Group-Level, and fine-tune specific categories with Sub-Group controls.
Base and Minimum Price Nudges
Nudges are smart alerts to refine your prices. The Base Price Nudge suggests when to tweak your base price, while the Minimum Price Nudge ensures your listing stays appealing, especially in slower periods.
Analysis: Quickly evaluate performance
Comp Sets usable across PriceLabs
Benchmark your performance against your competitors using our adaptable Comp Set tool
Apply this comp set within various PriceLabs features, like in Market Dashboard, Neighborhood Data, and Portfolio .
Pacing Charts
Pacing Charts visually represent listing performance against historical data, enabling users to identify market trends and adjust pricing accordingly
Booking Data Charts
Booking Charts provide a snapshot of current occupancy, allowing users to assess performance against market averages and refine strategies for optimal revenue.
Compare Competitor Calendar
Allows you to compare your listing prices with up to 10 local competitors, offering insights for a 365-day timeframe.
Hotel Data with LOS
Provides an analysis into local hotel pricing and stay-duration patterns, particularly valuable for establishments like aparthotels.
Events and Holidays Calendar
Lists forthcoming events and holidays, clarifying price recommendations and facilitating strategic adjustments for high-demand dates.
Workflow: Work faster
Date-Specific Override Expiry
Set expiration dates on premium pricing. If unbooked, it auto-reverts to standard rates, optimizing last-minute reservations and staying market-competitive.
Group-Level Date Overrides
Streamline listing adjustments with Group-level date-specific overrides, ideal for distinct property clusters with unique needs.
Smart Check-In and Check-Out
Minimizes ‘orphan gaps’ and adapts check-in/check-out days for optimal property utilization.
More data in APIs
Now includes data on bookable vs. non-bookable listings and booking information from the Neighborhood data graphs.
More data in CSVs
The updated CSV from the Pricing Dashboard now features the last synced date and listing notes.
Calendar Start Day
Choose your preferred start day for the pricing calendar,
Data Access: Leverage the most powerful data set
STR Index
The STR Index offers a range of reports on leading short-term rental markets globally. Users can track how these markets have progressed in terms of the number of listings, occupancy, ADR, and RevPAR. Additionally, there are pacing projections available for the coming months
Revenue Estimator
The Revenue Estimator allows users to input a property’s address to receive essential metrics estimating its revenue potential. This tool is invaluable for investors and property managers looking to gauge the potential of a new addition to their portfolio.
10,000-listing Market Dashboard
Harness insights from an expansive 10,000 listings for comprehensive market analysis, refined pricing strategies, precise comparisons, and understanding intricate trends.
Not a user yet? Start your free 30-day trial
Keep your software costs low with our flat-fee or percentage-based pricing models, 24×7 support, 1:1 onboarding, and account management calls.
FAQ
Most frequent questions and answers
I am item content. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar leo.
I am item content. Click edit button to change this text. Lorem ipsum dolor sit amet, adipiscing elit. Ut elit tellus, luctus nec mattis, pulvinar dapibus leo.
I am item content. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus ullamcorper mattis, pulvinar dapibus leo.
What do i need to open the files ?
I am item content. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut luctus nec ullamcorper mattis, pulvinar dapibus leo.
I am item content. Click edit button to change this text. Lorem ipsum dolor sit amet, adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
