Default Customizations

Managing Property Types

Default customizations simplify the pricing strategy process by providing tailored recommendations based on property type and dynamic pricing experience. With numerous customization options available, it can be overwhelming to configure settings manually. Default customizations help property owners and managers save time while making informed decisions to optimize their listings efficiently.

Why Property Type Matters

Your listing's property type helps PriceLabs determine the most appropriate pricing experience for that listing. For supported property types, PriceLabs automatically applies pricing recommendations and default configurations that are designed for that accommodation type. For example:
  1. Hotels - BPH tool and default price customizations tailored for hotels.
  2. MTRs - default price customizations tailored for MTRs (the ND data source will change to MTR and it will impact algorithm)
  3. For any other property type (STR, Apart-hotels, More) - there won't be any change on default price customizations or any other feature for the moment. However, you will still be able to filter and sort them by property type.
For more details on what customizations apply based on your Property Type, please see: Default Discounts and Premiums

Initial Setup

Upon adding your listing to PriceLabs, the default customizations are applied as if the listing is a Short Term Rental. If you have more than two property types (e.g., short term and midterm rentals or hotel properties) to add to your PriceLabs account, add these different types in the Account Setting
  1. Head over to Settings > Advanced Settings.
  2. Under Let us know more about you, click  Edit.
  3. Choose the applicable property type(s) for your listings:
    1. Short-Term Rentals
    2. Mid-Term Rentals
    3. Hotels
      1. If you select Hotels, choose the specific property type:
        1. Independent Hotels
        2. Group Hotels
        3. Bed & Breakfast (B&Bs) and Inns
        4. Resort
    4. Apart-Hotels
    5. More Property Types
      1. If you select More Property Types, choose the specific property type:
        1. Serviced Apartments
        2. Hostels
        3. Campgrounds, RV Parks, or Holiday Parks

Selecting Property Type Upon Importing Listing/Property

  1. After importing your listing, you can review each listing's auto-detected Property Type, edit individually or in bulk, or skip entirely.

  2. Click Update and it saves the selection and personalizes customizations applied by default for your listings/properties
    1. If you select "Do This Later", all listings will be treated as STR but you can change it later.
Important: If you skip this step, your listings will temporarily be treated as Short-Term Rentals until a property type is assigned. You can update the property type at any time from your listing settings following the steps below.

Editing a Listing/Property's Type

If you haven't updated or want to change the property type of a listing:
  1. Navigate to Dynamic Pricing → Manage Listings.
  2. Look for the column Property Type.
  3. Select the correct property type for the corresponding listing.

You can also include a Property Type column when updating listings through the Bulk Manage Listings CSV, allowing multiple listings to be updated at once.

Important: Changing a listing's property type may impact its pricing recommendations and default settings. When changing the property type of an existing listing, PriceLabs will notify you that the change may affect pricing recommendations and default configurations. After confirming the change, your listing will be refreshed so the updated pricing experience can be applied. We recommend reviewing your prices after making any changes. 

Property Types in Mapped Listings

Mapped listings always share the same property type. When listings are mapped, child listings automatically inherit the parent listing's property type. If the parent's property type is updated, all mapped child listings are updated as well to ensure pricing behavior remains consistent across the property.

If listings are later unmapped, they retain the property type they inherited while they were mapped.

Viewing and Filtering by Property Type

Once a property type has been assigned, it becomes available throughout PriceLabs.

You can:
  1. View the property type alongside your listings.
  2. Filter listings by property type in supported pages, including the Pricing Dashboard, Multi Calendar, and Manage Listings.
  3. Add the Property Type column to customize your table views.

Accessing Default Customizations

  • Navigate to your listing’s Customizations
  • Click on the Currently Applied tab to view the customizations that are auto-applied by default based on your property type.

  • Hover over the “How does it work?” button to see additional details.

Accessing Other Customizations

You can still view all available settings by clicking on the All Customizations tab.