How PriceLabs Works
General
Automate your pricing strategy in minutes
Import your listings
Connect your Airbnb account, PMS, or channel manager to PriceLabs in one easy step.
Once connected, you will be able to review and adjust all pricing
recommendations before going live.
We generate prices
Our system will analyze each listing and recommend daily rates based on seasonality, day of week, lead time, and local demand.
Fine-tune our recommendations
Customize our pricing recommendations to
fit your specific pricing strategy and
knowledge of the market.
Set dynamic minimum stays, enable occupancy based adjustments, and much more.
See All Customization OptionsEnable daily updates
We will push your most up to date rates directly to your PMS / Airbnb calendar daily.
Once you are happy with your rates, enable daily automated pricing updates.
Understand our simple billing structure
After your one month trial ends (no payment info needed), our straightforward billing plan will charge a flat monthly rate only for those listings you are syncing. No percentage of revenue, no long-term contracts, no hidden fees.
View full DetailsCalculating Price
We use market data to recommend nightly rates
Factors That Fuel Our Model
Our system analyzes four years of local booking data to generate pricing recommendations
Continue reading to see what factors go into our recommendations.
Base Price
Our system analyzes each listing’s historic and future performance and recommends a base rate.
This base rate is the price level onto which all further adjustments are applied to as a percentage change. Utilize our data and your knowledge of the market to adjust the price level of each listing at any time.
Seasonality
We set seasonality for your region based on historical trends in both vacation rentals and hotels
Alternately, you can set your own seasonality - useful if your portfolio has different booking trends.
Day of week trends
We determine what day of week trends apply to your neighborhood.
These trends can be adjusted at any time.
Lead-Time Adjustments
Last minute discounts and far out premiums ensure you aren’t leaving money on the table, while still maintaining high occupancy.
These can be customized to match your pricing strategy.
Holiday / Event Demand
We determine what dates are in high demand by monitoring future occupancy from nearby listings.
You can easily set your own event pricing for groups of listings or your entire portfolio.
Customizations
Maintain full control of your rates and fine-tune your
pricing strategy.
Set minimum and maximum price ranges and utilize our extensive list of pricing customizations.
Customization
Fine-tune our recommendations with extensive customizations
Last Minute Prices
Discount your listings last minute to ensure
unbooked dates don’t end up vacant.
Select from the three last minute pricing structures to
match any pricing strategy.
Orphan Day Prices
Apply discounts to fill smaller gaps in your
calendar.
Alternatively, apply premiums to charge more for shorter stays
Day of Week Pricing
Tailor our rates to your daily trends
Our system identifies day of week pricing trends for your
neighborhood, but gives you the ability to make
adjustments.
Minimum Prices
Set multiple minimum rates
Ensure our recommendations never go below a level you
set for weekends and far out dates. Manually set
minimums for any high demand dates in your calendar.
Occupancy Based Adjustments
Automate your workflow through occupancy
rules.
Set discounts and premiums which automatically kick in
when a listing’s occupancy crosses a set threshold. Choose
from four pre-loaded profiles, or customize your own for
endless functionality.
Dynamic Minimum Stays
Optimize each listing’s availability with dynamic min-stays
Weekend vs Mid-Week
Require longer bookings on the weekends Set two different values for minimum stays for weekend and weekday dates. These minimum stays will automatically apply to all corresponding dates in your calendar.
Last Minute Stays
Ensure upcoming dates don’t end up vacant
Decrease your minimum stay requirements for
upcoming dates in your calendar.
Far Out Stays
Don’t let short stays block your calendar far out
Increase your minimum stay requirements for further
out dates to ensure your listing is available for longer
booking inquiries.
