2021-06 (June) : 📣 Base Price Recommendations & Enhanced Portfolio Analytics
|Updates to Dynamic Pricing|
|Helping you set the right Base Price|
Our new base price help tool makes it easy to set a base price based on how similar listings in your market are priced. The tool also recommends adjustments to your base price over time by tracking your performance against the market. If you’re priced too high or low, we’ll let you know.
|Keeping up with increasing demand year to year|
We recently introduced a Pacing Factor to help keep up with markets which are seeing stronger demand than usual. The pacing factor tracks demand for future dates in your market, and compares it with demand for the same period in prior years. Simply put, if we see more bookings in your area than we have historically, we’ll automatically increase rates. Learn more about how the pacing factor automatically adjusts for current market trends here.
|Portfolio Analytics Enhancements|
|Our Portfolio Analytics tool recently received a huge facelift, making it easier than ever to track year-over-year booking trends and gain actionable insights on current listing performance at a glance. We'll be sending out educational content on what trends every revenue manager should be tracking shortly.|
In the meantime, use this tool to:
- Track monthly, weekly, and daily trends for future and historic years
- Compare metrics like occupancy and days since last booking to identify listings that might need attention
- Identify day of week, length of stay, and lead time trends to see how your bookings compare to the market
|Portfolio Analytics is now available for free for 30+ PMSs, including Airbnb on request. Find the full list here or reach out to enable Airbnb analytics for your account.|
|We are excited to announce our newest integrations with these awesome partners!|
Setting your base price
What is the base price? Base price is the average rate you would charge across the year. We use the base price as a starting price and apply all market factors, demand patterns, and customizations on top of this. The base price includes the quality ...
Portfolio Analytics: Spot Actionable Trends In Your Bookings
Note: Portfolio Analytics is available for users of the following PMSs: 365Villas, Avantio, Beds24, BookingSync, Brightside, Direct, Elina PMS, eviivo, FantasticStay, Guesty, Hostaway, Hostfully, Hostify, iGMS, Kigo, Kross Booking, Lavanda, LMPM, ...
How Are the Price Recommendations Calculated?
Our algorithm considers a number of factors, some inputs and settings that you can control, and our data-driven analytics layered on top of it. When you review prices for a listing for the first time, We estimate a base price for the listing you ...
Estableciendo el Precio Base
¿Qué es el Precio Base? El precio base es el precio promedio durante todo el año (incluyendo temporada alta, media y baja). Utilizamos el precio base como precio un inicial y aplicamos todos los factores del mercado, patrones del comportamiento de la ...
2021-12 (December) :Product Updates To Help You Prepare for 2022 ⭐
PRICELABS DECEMBER 2021 PRODUCT UPDATE Ready for 2022? Latest updates in our product to build an effective pricing strategy Hey there! As we approach this year's end, it's time to look back and review the yearly performance. Looking at what worked ...