Getting Started with PriceLabs

Getting Started with PriceLabs - A Comprehensive Guide

PriceLabs is a revenue management platform that helps short-term rental hosts and property managers optimize pricing, track market trends, and analyze portfolio performance.

This guide provides an overview of PriceLabs products, how to set up your account, and where to navigate within the system.

Setting up an account

  1. New accounts receive a 30-day free trial for Dynamic Pricing and one free Market Dashboard credit after importing your listings.
  2. You can check the list of channels that you can connect to PriceLabs in the Available Integrations article.
  3. Importing listings only allows PriceLabs to retrieve data, but pricing will not change. Prices will only be updated once you Sync Prices.

Understanding PriceLabs Products

PriceLabs consists of four main products:

Dynamic Pricing
  1. Dynamic Pricing automatically updates your listing rates based on market data, demand patterns, and custom settings.
Market Dashboards
  1. Offers market intelligence with automated insights and trends.
Portfolio Analytics
  1. Real-time performance tracking for your listings.
Revenue Estimator Pro
  1. Predicts potential revenue based on historical trends.

Each section below covers how to use and navigate these features.

Dynamic Pricing

Benefits of Dynamic Pricing

  • Adjusts prices daily based on supply and demand trends.
  • Helps optimize occupancy and maximize revenue.
  • Allows adjustments through Base Price, Minimum/Maximum Prices, and Customizations.

Navigating PriceLabs – Key Pages

PriceLabs has four primary pages for managing Dynamic Pricing:

Configuring PriceLabs in a Few Easy Steps

  1. Set a Base Price and Minimum Price.

  2. Review recommended prices using charts in Neighborhood Data.
  3. Set up Dynamic Minimum Stays for better booking control.
  4. Enable Sync Prices to apply pricing updates to your listings.

Market Dashboards

Market Dashboards provide automated insights into market trends, helping you understand pricing patterns, demand shifts, and competitor performance.

Benefits of Market Dashboards

  • Tracks market occupancy, pricing, and booking trends.
  • Provides insights for adjusting pricing strategies.
  • Covers any location worldwide with customizable filters.

🔹 Learn More About Market Dashboards

Portfolio Analytics

Portfolio Analytics is a real-time reporting system that tracks your portfolio’s performance.

Benefits of Portfolio Analytics

  • Monitors occupancy, ADR, RevPAR, and other KPIs.
  • Compares listings against each other for insights.
  • Helps identify underperforming properties.

🔹 Learn More About Portfolio Analytics

Revenue Estimator Pro

Revenue Estimator Pro helps you estimate potential revenue for your listings based on market trends and historical performance.

Benefits of Revenue Estimator Pro

  • Predicts income potential based on local trends.
  • Assists in investment decisions.
  • Helps optimize long-term pricing strategies.

🔹 Learn More About Revenue Estimator Pro

Training and Billing

PriceLabs Training Sessions

  • Join our live training sessions for a complete walkthrough of the system.
  • We offer basic and advanced training for Dynamic Pricing, as well Portfolio Analytics and Market Dashboard.
  • Register here.

Billing and Subscription

  • Learn about our billing policy and subscription steps here.
  • Check out our pricing plans here.
If you have any questions or need assistance, please drop us an email at support@pricelabs.co, and our amazing support team will get back with solutions to your issues.

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