PriceLabs delivers powerful automation right out of the box, helping you optimize pricing effortlessly. Whether you’re a property manager curious to test a few customizations or a revenue manager fine-tuning every detail, PriceLabs empowers you to run your business your way.
Fine-Tune Your Pricing with Confidence
PriceLabs’ algorithm handles pricing automatically, but customizations let you align it with your unique business needs—whether adjusting for owner requests, seasonality, or specific goals.
Best practices when applying customizations:
Know what’s active: The Currently Applied list in the Edit Customizations page keeps you informed, reducing guesswork.
Find settings fast: The Search bar helps you locate customizations quickly.
Experiment safely: Use Preview Prices to test changes before saving.
Make informed choices: Layer multiple customizations and see their impact.
Avoid mistakes: Smart alerts remind you to save updates.
Work smarter: Pin frequently used settings for quick access.
Why it matters: Customize as much or as little as you like—without worrying about errors. Learn more
Revamped Edit Customizations Page
Set Goals and Track Progress in Report Builder
PriceLabs’ pre-built reports provide valuable insights, but setting your own goals helps you track progress your way.
Best practices:
Set your targets. Track revenue, ADR, and occupancy with clear goals.
Stay on top of progress. Regularly check reports to see how you’re doing.
Adjust as needed. Use insights to fine-tune strategies and boost results.
Why it matters: Tracking goals helps you stay focused and hit key performance milestones. Learn more
Set & Track Goals in Report Builder
Benchmark Against the Right Market in Report Builder
PriceLabs provides comprehensive market data, but you can customize it to compare against just the right competitors for sharper insights.
Best practices:
Tailor benchmarks. Use the Define Source for Market Values feature to select the right compsets from Market Dashboards
Spot trends. Regularly adjust your benchmarking to stay competitive.
Segment smartly. Group properties by location or type for deeper insights.
Why it matters: Accurate benchmarking helps you stay ahead and make data-driven decisions. Learn more
PriceLabs works for everyone—whether you let automation take the lead or customize for precision.
Dynamic pricing in Airbnb refers to the practice of adjusting rental rates in real time based on various factors such as demand, seasonality, local events, and market conditions. This approach allows hosts to optimize their earnings by automatically increasing or decreasing prices to match supply and demand fluctuations. By utilizing data and algorithms, dynamic pricing aims to find the optimal balance between attracting guests and maximizing revenue, ensuring that prices reflect the current market dynamics.
To implement dynamic pricing for vacation rentals, collect relevant data, identify key factors, set pricing rules, use dynamic pricing software, monitor performance, and adjust as needed to optimize revenue.
The aim of dynamic pricing is to optimize revenue and occupancy rates. It is done by adjusting prices in real time based on factors such as demand, market conditions, competition, and other variables. Dynamic pricing softwares seeks to find the optimal balance between attracting guests and maximizing profitability by dynamically setting prices that reflect current market dynamics. The goal is to capture the highest possible value for each booking while ensuring competitiveness in the market.
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About PriceLabs
PriceLabs is a revenue management solution for the short-term rental and hospitality industry, founded in 2014 and headquartered in Chicago, IL. Our platform helps individual hosts and hospitality professionals optimize pricing and manage revenue by adapting to changing market trends and occupancy levels.
Every day, we price over 500,000+ listings globally across 150+ countries, offering world-class tools like the Base Price Help and Minimum Stay Recommendation Engine.
With dynamic pricing, automation rules, and customizations, we manage pricing and minimum-stay restrictions for any portfolio size, with prices automatically uploaded to preferred channels such as Airbnb, Vrbo, and 150+ property management and channel integrations.
