'AI Insights' in Neighborhood Data: Understanding Price and Occupancy charts

What is AI Insights & Why introduce this feature?

At PriceLabs, our mission is to democratize revenue management. This is why we’re thrilled to announce that we’re now leveraging Generative AI to turn complex data into simple sentences. We can convert a data-rich graph into a clear text paragraph with just the key numbers you need.

Key benefits:

1. Makes it easier for you to understand data: Turns information-rich data charts into simple sentences
   
2. Saves you time: Summarizes market trends in words and key data for each of your listings

Where to find AI Insights?

AI Insights is available to all our trial (we have a 30-day free trial in case you missed it!) and paying customers at no additional cost. You can find this feature inside the Neighborhood Data tab.

AI Insights is designed to convert data charts into words. Currently, this feature is available for Future Prices and Occupancy charts, as illustrated in the screenshot below.

When you click on the “AI Insights” button, a new panel will appear on the right side of the chart, summarizing the chart and its data. An example is shown in the screenshot below.

You can also give us direct feedback on the quality and correctness of the summary using the thumbs-up or thumbs-down icon. This will help us improve the feature!

What are some example insights that I can look for?

The AI Insights feature intelligently interprets data, helping you understand trends in Pricing and Occupancy for your selected time range. Please note that insights vary for each listing, and the example shown below may not directly apply to your listing.

Here are some ways you can use this feature to better understand your data:

Pricing Trend Analysis Examples

1. Understand your high and low season, as well as where are your prices sitting with respect to the market for those dates.
   
2. Understand how your prices compare to last year’s bookings.
   
3. Understand how prices are changing for key dates in the market.
   

Market Occupancy Trend Analysis Examples

1. Understand market trends compared to last year to better set prices and expectations.
2. Determine whether the market exhibits strong or weak seasonal patterns.
3. Identify if the market tends to attract weekend travelers.
4. Analyze when demand surges for key dates in the market.

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