What is Pricelabs? Integrate Your Property with Pricelabs

Image Courtesy: Pricelabs

Pricelabs helps hospitality brands scale up occupancy and revenue with dynamic pricing and revenue management tools. It has a presence throughout more than 150 countries with 400,000+ properties priced each day. The brand is also trusted by more than 40,000 property managers and hotels. 

From Pricelabs Airbnb solutions to partnerships with Vrbo and Booking.com, there are numerous brands in the kitty. These span segments like apart-hotels, BnBs, serviced apartments, and vacation rentals. This software takes care of dynamic pricing for the vacation and short-term rental space, enabling optimization of pricing strategies, based on real-time trends and market data. Factors like events, holidays, seasonality, and local demand are evaluated to come up with optimal rental listing pricing across multiple platforms. The feature list also includes customizable price rules, requirements for minimum stays, market dashboards with local metrics, and more. Users can thus easily review pricing and adjust it to enhance revenues and occupancy. 

Benefits of Pricelabs

Now that you know what Pricelabs is, here’s taking a look at the key benefits it offers. 

• Customizable Offerings & Support- Going beyond conventional tools, the Pricelabs company focuses on customizability and access. Customers can easily write to them about things they should integrate, with 24x7 support available for maximum convenience.
  
  
• 30-Day Free Trial- Before purchasing a plan, you can get a free trial for 30 days, with a Pricelabs login that will help you understand just how it will help your hospitality business.
  
  
• Data-Based Pricing- Algorithms come into play for evaluating market data and offering recommendations on pricing accordingly. It helps hospitality brands remain more competitive while scaling up revenues accordingly.
  
  
• Dynamic Pricing Models- The Pricelabs pricing mechanism automatically tweaks prices based on multiple factors like seasonality, demand, and occupancy in real-time. 
  
  
• Customizable Pricing- Going beyond conventional paradigms, you can easily personalize the minimum stay regulations and pricing for each individual unit and property.
  
  
• Market Insights and Performance Monitoring- Get invaluable real-time data from the market to help you make more informed and better decisions on pricing. You can also get real-time analytics and reporting to track performance.
  
  
• Lower Gaps in Occupancy- Minimum stays are adjusted automatically, thereby lowering gaps in occupancy.
  
  
• Comparison with Rivals- You can build rival/competitor sets to easily compare pricing to properties in similar segments.
  
  
• Easy Integration- Get the advantages of smooth Pricelabs integration with multiple platforms such as Vrbo and Airbnb, to name a few.
  
  

How Does Pricelabs Work? 

Pricelabs works through the following key components: 

• Intelligent price recommendations via HLP (hyperlocal pulse) algorithms
  
  

• Data-driven and dynamic pricing with automation rules
  
  

• Customizable and smart pricing considering demand, supply, and more parameters 
  
  

• Advanced intelligence on minimum stays with recommendations for each property
  
  

• Updates and views for multiple properties (in bulk) with CSVs, Multicalendar, or APIs
  
  

• Direct connections to more than 110 PMS and channel managers
  
  

Why Property Owners and Managers Love Pricelabs

The desktop Pricelabs app is a favorite for several property managers and owners for the following reasons: 

• Streamlined operations and higher occupancy levels
  
  

• Higher revenues and time savings with informed decision-making
  
  

• Advanced analytics, insights, and reporting
  
  

• Real-time updates and dynamic pricing models with automatic adjustments
  
  

• Full customization for minimum stays and other aspects
  
  

• Wide range of parameters for finalizing pricing
  
  

• Easy responsiveness to fluctuations in the market with lower costs, better pricing strategies, and revenue maximization
  
  

• Easy connections to Airbnb, PMS, and other accounts
  
  

• Easy revenue estimator (with Revenue Estimator Pro) and granularity of control
  
  

• Multi-unit setup with tailored recommendations and easy integration
  
  

Products Offered by Pricelabs

Pricelabs has multiple products in its solution basket, including the following: 

• Dynamic Pricing- With HLP algorithms for smart pricing, hyper-local market data is leveraged for accuracy in pricing decisions. Other features include customizable and data-based smart pricing (market trends, seasonal events, holidays, etc.), time-saving workflows, advanced minimum stay intelligence, and property-specific recommendations.
  
  

• Portfolio Analytics- This comes with multiple indicators of visual performance, including performance tracking (occupancy rates, RevPAR, ADR, etc.) and real-time reporting and also Pacing Data, i.e. booking rate comparisons with last year and the market.
  
  

• Market Dashboard- You can make better decisions with the latest data and custom dashboards, along with location-based listing data. This helps identify patterns/trends for optimizing occupancy, pricing, and stay length. You can also compare your property to nearby properties with similar amenities, bedrooms, and prices.
  
  

• Revenue Estimator Pro- This helps you get instant and extensive analysis swiftly into any location/property with annual and monthly estimates of revenue and average daily rate estimates. You can also get insights into your seasonal revenue trends. Customizable comparables help you customize estimates as per your requirements and integrate criteria like reviews, bedroom count, amenities, and location.
  
  

Pricelabs Subscription and Pricing 

Pricelabs pricing packages are suited to every budget. You can start with a free trial for 30 days, while Portfolio Analytics is readily available for $0 per month. Dynamic pricing begins from $19.99 per month, while there are 1% booking percentage plans available too. For the market dashboard, you can get 1,000 listings for $9.99 per month onwards, while 5,000 listings will cost you approximately $19.99 per month. 10,000 listings will cost you $39.99 per month. 

Revenue Estimator Pro is available from $10 per month onwards (2 estimates), with 15 estimates coming for $45 per month and 50 estimates available for $125 per month. 

Pricelabs Integration with aPerfectStay

By combining PriceLab's smart pricing tools with aPerfectStay’s property management system, hosts can easily boost their revenue.

This integration lets hosts automatically adjust prices based on live market trends, demand, and competitor prices.

The partnership between PriceLabs and aPerfectStay makes pricing simpler, helping hosts set the right prices to increase bookings during slow times and maximize revenue during busy periods.

Together, these tools help hosts succeed in the competitive hospitality market by offering powerful pricing solutions.

Final Thoughts

As you can see, Pricelabs is a class-leading solution for revenue management, tailored to the needs of short-term and vacation rental players. It fuses cutting-edge algorithms, market information, and customizability with human control for the best possible results. This helps you save time and scale up revenues simultaneously, something that does make for a win-win situation indeed!