Before You Start

1. There may be certain cases where you wouldn't find the hotels that you are looking for, and this could be because of the following 2 reasons:
1. The hotel is not listed on booking.com
2. We do not classify those property types as hotels in our data (for e.g., campsite) If you think those should be there, please do reach out to support@pricelabs.co with your questions, and we will be happy to help.
2. Hotel Rates are updated every 24 hours.
   

Benefit of Using Hotel Rate Shopper

The Hotel Rate Shopper provides you with valuable insights into the pricing strategies of nearby hotels. However, please note that our algorithm automatically selects a set of hotels as one of many inputs in generating your price recommendations, and the selections you make here are more for benchmarking your prices with nearby hotels.

Hotel Price Tracker

The hotels selected here will be used for Dynamic Pricing IF ONLY you are using Selected in Hotel Rate Shopper in the Customize Hotel Compsets setting. In case it is a child room type, the selections in the Parent room type Hotel Rate Shopper  tab will be used.

Select Hotels

This feature allows you to select specific hotels in your neighborhood to compare with your listing property. Simply click Change Compset as shown below.

You have 3 options to select the hotels

• You can select your 10 nearest competitors just by clicking the Select 10 Nearest button.

• You can choose to select up to 350 properties via the list if listing.
  

• This list can be filtered or sorted by Distance, Number of reviews, star rating, review rating, unit count, property type and avg price. You can add or remove columns by clicking the icon.
  

• You can also search listings you wish to add by property name
  

• Simply click the button across the listings you wish to add to your compset.

• Using the map feature, you can select competitors directly from a visual interface

Length of Stay, Refundability, and Breakfast Inclusion Filter

1. Filters are combined: apply all three together to get rates that match the exact offer configuration you are searching for.
2. When a rate isn't available for your selected filter combination, the table clearly labels it so there's no ambiguity.
   
3. Refundability and Breakfast filters are unlocked only after completing Room Type Matching for at least one competitor, while LOS filtering remains available for all users regardless. The new breakfast and refundability filters are only available at room type level data, not at property level for not matched competitors.
   
   
4. For not matched competitors, selecting a refundability or breakfast filter will show "No rates match your selected criteria" across the calendar, a clear signal to complete your room type matching for better results.
5. Leaving a filter as "None" means that dimension isn't restricted: the system returns for whichever combination is cheapest/available across the other selected filters.
   • For example: selecting Breakfast Included + Refundability "None" returns the best available rate that includes breakfast, regardless of whether it's refundable or non-refundable. Selecting Non-Refundable + Breakfast "None" returns the best available non-refundable rate, regardless of whether breakfast is included.

Table & Graph View

1. Table View
1. Allows you to easily compare nightly rates among the selected hotels. Your property prices are in bold, while unavailable dates are slashed and greyed out. Clicking on the hotel name in the table will take you to the hotel's booking.com page. You can also see how much your competitors’ prices have changed in the last 48 hours by checking the red/green percentage below the price
   
2. On the table view, you'll find instead of rates, terms NB and NA are used. Their meaning are as follow.
1. NB - is shown if the date is "Not Bookable" for the selected LOS. The rates are available for a different LOS
2. NA - is shown if the rates are not available for any of the LOS  
   
3. You can also sort the competitor list in ascending or descending order by average price. You can do this by clicking the arrow up/down beside "Avg. Price.
   
   
1. Please note that the Avg. Price displays the the average price of competitor for selected dates only.
   

1. Chart View
1. Allows you to compare your pricing position among the selected hotels. By clicking on a name on the legend, you can hide/show the corresponding hotel line on the graph. The Black line represents your "Recommended Price".
2. You can also benchmark your property against your competitors and detect peak demand periods easily. This will help you better understand PriceLabs’ rate recommendations and if needed, adjust your pricing strategy

Add Markup/Markdown

This feature allows you to apply a global markup or markdown (fixed amount or %) to the prices of their own property. When applied, the adjusted prices for your property appear as a distinct row (and chart line), with a visible indicator and a single-click reset. This supports scenario simulation for commissions, discounts, or gross pricing.

Reorder Competitors

This features allows you to manually customize the order in which competitors appear in the pricing table. This will enable you to arrange competitors according to their specific priorities and analytical needs, placing the most relevant competitors at the top and less important ones toward the bottom.