For me, it's hard to overstate the incredible impact that implementing PriceLabs has had on our business.
If there is a single type of tech, STR operators should implement above all, it's a dynamic pricing pool.
It probably singlehandedly increased our revenue by 20-30%.
We started using pricelabs a few weeks in and it helped juice our revenue. We went with a higher base price than suggested since they dont account for the fact that we have a pool. It helped us understand demand. If your not using dynamic pricing youre leaving $$$ on the table
However the algorithm pushed the price to 28k using objective timely info… it didn’t use…lack of confidence…self doubt…hang ups… to set the price. I stayed up all night and asked myself… WHERE ELSE AM I PLAYING SMALL?
In March of 2022, before signing up with
, our flagship STR averaged $527/night, with 28 nights booked.
We just received our first March 2023 booking for $1,146/night.
PriceLabs for the win.