2021-06 (June) : 📣 Base Price Recommendations & Enhanced Portfolio Analytics

As we approach the strongest summer season for vacation destinations in history, you'll be happy to know our team has been hard at work on product updates meant to help you set the perfect price and validate your portfolio's performance! Read on to make sure you aren't leaving money on the table. Also… we’re hiring! Check out the list of fully remote positions on our careers page if you're interested in putting your PriceLabs knowledge to work and helping us grow the platform.

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.  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 Review your booking trends now 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. Integrations We are excited to announce our newest integrations with these awesome partners! Bedloop | Brightside | FNS Rooms | Hospiria | Newbook Find the full list of integrations here Want to see our older product newsletters? You can find them here.

• Related Articles

• Portfolio Analytics: Spot Actionable Trends In Your Bookings

  Note: Portfolio Analytics is available for users of the following PMSs: 365Villas, Airbnb, Avantio, Beds24, BookingSync, Brightside, Direct, Elina PMS, FantasticStay, Guesty, Guesty for Hosts, Hostaway, Hostfully, Hostify, Icnea, iGMS, Kigo, Kross ...

• Portfolio Analytics Availability

  PriceLabs Portfolio Analytics is a free tool that can be used to analyze your listings' performance once you add listings in Pricelabs. Vacation rental owners and property managers who use the below mentioned PMSs can access portfolio analytics from ...

• 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 ...

• 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 ...

• 2022-06 (June) : Introducing the minstay recommendation engine

  Hello? This is Anurag from the PriceLabs team with an exciting announcement about something big: We built a “Min Stay recommendation engine”! ? The FIRST EVER in our the industry! Read below or Register for a free webinar to learn about how this ...