This was a record year for the data science and product team at PriceLabs. Overall, we released 88 new features — all centered around making pricing listings smarter, faster, and easier for you. More than 75% of our product updates are based on your feedback. We listen to you and create the solutions you need.
As new features were added, we were blown away by the rate you all took advantage. It was a busy year, and our aspirations are only growing.
Here are a few highlights:
We redesigned and improved our industry-leading Base Price Recommendation Engine.
We changed a few things under the hood, such as giving more weight to future trends. We also made it easier for you to pick a more aggressive or prudent pricing strategy. If you have not done so this quarter, check the Base Price recommendation for your listings.
We launched the industry's first-ever Minimum Stay Recommendation Engine.
Outside of pricing, the most decisions you need to make to influence the demand for your listings are around your stay restrictions. Not only do you need to decide on a minimum length of stay, but also you need to make it very dependent on the day of the week, the time of year, and your occupancy. Our tool leverages A.I. to recommend minimum stay restrictions settings for each of your listings. Learn more about it here.
We made our Comp Sets even more relevant to you.
We’ve made it easier for you to compare the performance of your listing against that of your competitors. Using our Neighborhood Data tool, you can see how a listing performs against nearby competitors. The most significant improvement we’ve made this year is allowing you to create a super refined market view using the Market Dashboard tool and then letting you pick that view from the Neighborhood Data tad. This way, you have more control over which listing we compare you to.
Our Spanish-speaking beta users tried our first localized version.
Several of you are currently testing PriceLabs en español! Thanks to your feedback, we’re busy improving our translations. It will be made available in the coming days to everyone. In early 2023, the French, Italian, and Portuguese versions will follow suit.
Added multiple features to save time for those of you who manage dozens of properties.
We’ve improved our Portfolio Analytics and Multi-Calendar view to make it easier for you to see which changes to conduct and execute across multiple listings simultaneously.