About PriceLabs

PriceLabs is a revenue management tool for vacation and short term rental property managers which provides data-driven dynamic pricing and PMS integration. The data-driven PriceLabs approach allows users to gain insight into their business, as well as market and competitor pricing, in order to manage pricing with the aim of increasing revenue.

To help short term rental and vacation property managers control pricing, PriceLabs provides data-driven dynamic pricing suggestions based on predictions of future supply and demand, historical data, market trends, holidays, and more. PriceLabs automatically scans data from competitors to gather insight into market trends and demand, and provides data based on this information. If users do not agree with price recommendations or choose to override them, it is possible to customize pricing with full control over minimum and maximum prices, minimum and maximum stay rules, event or seasonal pricing, and more.

In order to ensure listing prices are always accurate and up-to-date, PriceLabs integrates with various property management systems (PMS) such as BookingSync, Airbnb, and Vreasy to facilitate continuous synchronization of prices. PriceLabs allows businesses to gain an overview of their portfolio’s performance with a customizable analytics dashboard which provides reports on listing performance, bookings, revenue, average price of bookings, and more.

Key benefits of PriceLabs

  • Benefit from dynamic pricing management with visual graphs that show recommendations and trends compared with current pricing. Users can then review and customize price recommendations or create their own.

  • View a pricing calendar of recommended pricing with color-coding to indicate dates with low demand, normal demand, strong demand, and more, based on past and future supply & demand data and historic trends.

  • Specify minimum and maximum prices and stay rules using the dynamic pricing tool and minimum stay rules automation. Customize rules and settings depending on business needs.

  • Import listings for vacation and short term rental properties to the dashboard and manage an entire business portfolio from one place, with the ability to view performance indicators.

  • Integrate with PMS solutions such as Airbnb, BookingSync, and more to sync prices automatically across platforms daily or as soon as they are changed or updated.

  • Devices

    Business size

    S M L

    Markets

    Australia, Brazil, Canada, China, Germany and 5 others, United Kingdom, India, Japan, Mexico, United States

    Supported Languages

    English

    Images

    Get an overview of the portfolio’s performance on the dashboard with performance indicators
    Review the price calendar with color-coding to indicate dates of high and low demand
    Customize prices and discounts, a well as minimum stay settings
    View price data in a graph with current prices and recommended pricing
    Reasoning is provided for each price recommendation
    View 6 more
    PriceLabs video
    PriceLabs video
    PriceLabs screenshot: Get an overview of the portfolio’s performance on the dashboard with performance indicators PriceLabs screenshot: Review the price calendar with color-coding to indicate dates of high and low demand PriceLabs screenshot: Customize prices and discounts, a well as minimum stay settings PriceLabs screenshot: View price data in a graph with current prices and recommended pricing PriceLabs screenshot: Reasoning is provided for each price recommendation

    Features

    Total features of PriceLabs: 19

    • Activity Dashboard
    • Calendar Management
    • Commission Management
    • Competitive Analysis
    • Customizable Reports
    • Data Mapping
    • Data Synchronization
    • Discount Management
    • Dynamic Pricing
    • For Hospitality Industry
    • Performance Metrics
    • Price / Margin Management
    • Price Optimization
    • Recommendations
    • Revenue Management
    • Search/Filter
    • Synchronous Editing
    • Third Party Integrations
    • Yield Management

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    Reviews

    Overall rating

    5 /5
    (67)
    Value for Money
    5/5
    Features
    4,9/5
    Ease of Use
    4,8/5
    Customer Support
    5/5

    Already have PriceLabs?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 67
    Chris D.
    Overall rating
    • Industry: Management Consulting
    • Company size: 2-10 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    An easy way to gain detailed insight and control over your Airbnb pricing strategy

    Reviewed on 2021/04/05

    It's a good product. I wouldn't run my Airbnb listing without having PriceLabs bolted on the side.

    It's a good product. I wouldn't run my Airbnb listing without having PriceLabs bolted on the side.

    Pros

    PriceLabs is very comprehensive with regards to the information you can derive from the system and the granularity of control it offers to users.

    I use it to manage a single Airbnb property - however, it looks very well organised in terms of its capabilities to handle multiple properties and sales channels (other than Airbnb).

    Very easy integration with Airbnb - seemless, smooth, just works!

    Cons

    I can't think of anything that's a strong 'not to like'. The point that is interesting is that it draws to your attention just how much you do have to think through your pricing - so there's a chance that all the options could appear overwhelming - but that's not being critical of the software, it's just making it clear how much control you have (and should learn to use).

    Manuel P.
    Overall rating
    • Industry: Hospitality
    • Company size: 11-50 Employees
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Awesome tool

    Reviewed on 2020/04/21

    After you understand the software it is a great tool to use. Cuts back on hours and hours of...

    After you understand the software it is a great tool to use. Cuts back on hours and hours of manually comparing prices and making sure we are positioned adoringly regarding the competitors. However to start using the SW it would be great to have a PriceLabs person hear you and help you set your initial stagy and explain the how the SW "reads" your inputs to generate it's outputs.

    Highly recommend it

    Pros

    Rely rely helpful, to make sure yield the maximum revenue for each property. It is very flexible to customize to our harts content / location specifics. Information about expected occupancy in the town and "real" information about already booked occupation for each day forward.
    Rely easy to visually see in % how well we are doing in the future. This time frame is also customizable, so we chose, 7 day, 30 days and 90 day, to easily see if we are OVER selling (too cheap) our UNDER selling (to expensive).
    Integration with our PMS was very simple also.

    Cons

    - Sold night, do not display the "correct" value that the unit was sold at.
    - Color scheme of information displayed (bule "cold" used for higher occupancy)
    - Base percentage history are not real values, of our apartment this year versus last nor versus the town. It's an estimate of what we have versus the changes we make. But none of this portrays reality.

    Nuno F.
    Overall rating
    • Industry: Hospitality
    • Company size: 2-10 Employees
    • Used Weekly for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    Dynamic Pricing Software that will give you peace of mind regarding your rates

    Reviewed on 2021/03/05

    Knowing that my nightly rates are what they need to be compared to my competitors and market demand...

    Knowing that my nightly rates are what they need to be compared to my competitors and market demand without spending endless hours analyzing rates has resulted in a huge savings of my time and allowing me to concentrate on other aspects of my business.

    Pros

    They are unique in that they match up your listings so that you are not charged per listing per platform like some of their competitors.

    Cons

    The UI isn't the greatest but once you're set up, you don't have to spend a lot of time using the software.

    Phil H.
    Overall rating
    • Industry: Real Estate
    • Company size: Self Employed
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    All short term rental operators need dynamic pricing

    Reviewed on 2020/05/09

    Does its job well. It prices dynamically based on your custom rule set and historical data. It is...

    Does its job well. It prices dynamically based on your custom rule set and historical data. It is not perfect and can be frustratingly slow when trying to make manual adjustments.

    Pros

    Uses historical data to set pricing for short term rental properties. During normal times this service saves a lot of time and maximizes profits. It has many rules allowing you to heavily customize pricing based on day of week, days in the future, and seasonality.

    Cons

    It doesn't sync pricing directly with VRBO which is one the top rental portals. The interface is slow when manually adjusting pricing. Syncing is limited to once every 5 minutes.

    Linda H.
    Overall rating
    • Industry: Real Estate
    • Company size: 2-10 Employees
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Best software for pricing vacation rentals!

    Reviewed on 2020/02/13

    Saves me a ton of time over manually adjusting pricing and availability. This is one of my favorite...

    Saves me a ton of time over manually adjusting pricing and availability. This is one of my favorite softwares for managing my vacation rentals.

    Pros

    • Pricing adjusts very well based on demand and it is obvious that prices for festival weekends, etc should be higher and the software does adjust for these events - some of which I don't even know are going on
    • Allows min and max prices and has a lot of customization of pricing possible
    • One of the best features is the ability to set customized availability as well as pricing. I can set a 2 night minimum for the near future but then a 30 day minimum farther out if I would rather find a longer term guest.
    • Orphan day availability is great – here I can allow a 1 night stay only if it is in between other bookings and the software automates all of this where I used to have to do it manually.
    • The software pushes pricing and availability to AirBnB and also to my channel manager Lodgify which is great as then Lodgify can push to VRBO and Booking.com.
    • I like that I don't have to pay for a month if I don't need to sync pricing for a property (this works well when I have corporate guests staying for multiple months)

    Cons

    • Pricing is a bit higher than what I would pay on a different system I tried out but the features made it worthwhile.

    Showing 5 reviews of 67 Read all reviews

    PriceLabs FAQs

    Below are some frequently asked questions for PriceLabs.

    PriceLabs offers the following pricing plans:

    • Starting from: US$19,99/month
    • Pricing model: Subscription
    • Free Trial: Available

    Pricing depends on number of properties. No commission, price per listing goes down with volume.

    We do not have any information about PriceLabs features

    PriceLabs has the following typical customers:

    Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

    PriceLabs supports the following languages:

    English

    PriceLabs supports the following devices:

    PriceLabs integrates with the following applications:

    Avantio, BookingSync, Kigo, Rentals United, Streamline, Vreasy

    PriceLabs offers the following support options:

    Email/Help Desk, FAQs/Forum, Chat

    Related categories

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