PriceLabs
RRE REVIEW –
4/5
USER REVIEWS –
PriceLabs Overview
What is PriceLabs?
PriceLabs is a dynamic pricing and revenue management tool designed for short-term rental managers and owners. It is compatible with various platforms such as Airbnb, VRBO, vacation rentals, BnB’s, apart-hotels, and serviced apartments. PriceLabs offers global availability without geographical constraints. The tool aims to increase revenue and occupancy by utilizing advanced pricing algorithms and market data.
PriceLabs Products & Services
PriceLabs offers an automated dynamic pricing solution that updates rates based on market data and individual listing performance. Its Hyper Local Pulse algorithm analyzes historical and current booking data to generate pricing recommendations. PriceLabs provides various customization options allowing users to control pricing strategies according to their market knowledge. It offers features for setting dynamic minimum stays and integrates easily with property management systems (PMS), Airbnb, and VRBO. Additionally, PriceLabs provides a 30-day free trial with flexible billing options, emphasizing its commitment to affordability and transparency.
PriceLabs Features
| Feature | Details |
|---|---|
| Automated Rate Updates | Adjusts prices based on market data and listing performance. |
| Hyper Local Pulse Algorithm | Analyzes booking data for pricing recommendations. |
| Customizations | Allows users to control pricing strategies based on market knowledge. |
| Dynamic Minimum Stays | Optimizes availability with different minimum stay requirements. |
| Base Price Calculation | Determines base rate from historical and future performance, adjustable by the user. |
| Seasonality Adjustments | Considers hyper-local trends for seasonal pricing variations. |
| Holiday & Event Pricing Adjustments | Updates rates for dates with expected demand surges based on local events and holidays. |
| Day Of Week Pricing | Adjusts prices based on day-specific demand trends. |
| Last Minute Adjustments | Enables last-minute discounts or premiums to match pricing strategy. |
| Occupancy Based Adjustments | Sets discounts and premiums based on listing occupancy, with customizable profiles for various scenarios. |
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PriceLabs Reviews
PriceLabs Review by RentalRealEstate
4/5
Cost – 4
Ease-of-Use – 4
Customer Service – 4
Tools and Resources – 4
PriceLabs can be a game-changer in effectively managing rental rates. The dynamic pricing tool, powered by the Hyper Local Pulse algorithm, ensures that listings are priced competitively based on real-time market data. The customization options, which allow for tweaking prices based on understandings of local markets. The system’s ability to adjust for seasonality, events, and occupancy levels can also significantly increase revenue and occupancy rates. While the range of features can be overwhelming at first, the benefits of optimized pricing and increased bookings make PriceLabs a valuable asset for any vacation rental.
Pros:
- Dynamic pricing increases revenue and occupancy.
- Customization options provide flexibility to align with personal market strategies.
- User-friendly interface with efficient integration with popular rental platforms.
Cons:
- The complexity of features may require a learning curve for new users.
- Reliance on algorithmic pricing may not always align with personal insights.
- The effectiveness can vary depending on the accuracy of local market data.
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PriceLabs User Reviews
Have you used PriceLabs for your rental property? If so, please take a minute to leave an honest review of your experience below. By writing a review, you can help guide other rental real estate enthusiasts on whether or not PriceLabs is the good choice for them.
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Is PriceLabs Legitimate?
Yes, PriceLabs is a legitimate source to find for short term vacation rental pricing data. The company has been around since since 2014 and has helped over 40,000 customers, across 300,000 properties in more than 135 countries worldwide.
Who Owns PriceLabs?
PriceLabs is a privately held company that is owned by a series of investors who have invested in the company since its founding in 2014.
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