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Make PriceLabs Work for You: Customize, Experiment & Track Goals

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Updated : Jan 30, 2025

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

PriceLabs customizations
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
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.

Ready to take control? Start exploring today.

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 AirbnbVrbo, and 150+ property management and channel integrations.

Sign up for a free 30-day trial for optimized revenue.

Get started with PriceLabs

Want to learn what PriceLabs can do for you? See for yourself with a free trial

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