Watch our video tutorial here. 
If you have just signed up for a PriceLabs account, your listings would already be using the Hyper Local Pulse. No need to migrate.

How to migrate in 5 simple steps

1. From the Pricing Dashboard, click Row/column visibility, and tick the checkbox for Algorithm Version. Then, you will see a "Start HLP Migration" button. (The migration button will also show next to child listings, but you'll have the option to automatically migrate child listings while migrating the parent)
   
   
2. Click the "Migrate" button. Then, enable the toggle for "Switch to New Algorithm". Select "New Algorithm (Hyper Local Pulse)" from the dropdown.
   
   
3. See the recommended base price right under the chart. Make adjustments if necessary. Click Refresh Graph after the change to update the graph. 
   
4. Make the changes in customization as mentioned in the "Tip". Click Refresh graph after every changes to update the graph. 
   
   
5. If new prices look good, "Accept Base Price & Save Changes".
   
1. If you do not wish to use the recommended base price, put a check on "Don't save base price change" then hit Save Changes.
   
2. If you are migrating a parent listing and you do not wish to automatically migrate its child listings, uncheck "Migrate Child Listings to HLP"

If you have questions or want to learn more, please scroll down for more details.

Major changes that you might need to make while moving to HLP

1. Changes in customization(s): With HLP, you might not need following customizations to adjust your prices -
   
1. Day of Week Pricing Adjustment: HLP is better at handling day of week pricing adjustment based on hyper-local data.
   
2. Demand Factor Sensitivity: HLP should be better at handing your neighborhood Demand, and we recommend you to select the "Recommended" option
   
3. Seasonal Base Prices: Seasonality is again hyper-local, and we think you might not need to adjust your seasonal base prices, but we recommend keeping seasonal min and max prices but removing base prices.
   
4. Seasonality: Related to Seasonal Base Prices, you would have most likely turned off PriceLabs seasonality, In case you are using No seasonality, or even aggressive, or conservative as the setting, you might want to make this Recommended.
2. Changes in base price:
   
1. Some listings might require changes in base price to match average rates over the year with older algorithm. During the process of migration, a recommended base price will be shown right under the chart. 

Detailed steps to migrate to HLP

Step 1 ➝ Activate Algorithm Version on Pricing Dashboard

• Go to Pricing Dashboard ➝ click tick the the "Row/Column Visibility" button and tick the checkbox for the "Algorithm Version" column
• Once you do this, you should start seeing the column "Algorithm Version"
• You can sort this column to see all the listings on old algorithm together
  

The Start HLP Migration button will also show next to child listings. This allows you to migrate child listings individually, or lets you decide whether or not to migrate child listings to HLP. 

The Algorithm Version column is as of last Save & Refresh. What that means is if you changed any customization in Group or Account level, you'll have to Save & Refresh the listing before seeing updated changes.

You should see a "Migrate" button for listings that are on old algorithm

Step 2 ➝ Open Migration Screen

1. Click the "Migrate" button >> it will open a new screen dedicated to HLP Migration
   
2. Toggle the switch for "Switch to New Algorithm", and select the "New Algorithm (Hyper Local Pulse)" option
   
3. Upon selecting the "New Algorithm (Hyper Local Pulse)" option, you will get a recommended base price, and have a personalized view of actions you need to take to move to Hyper Local Pulse
   
4. You'll also see a chart, that shows you prices for various combinations. This chart will show you changes in your final prices with HLP and with changes you make in customizations shown in the screen. (Don't forget to click "Refresh Graph" button after every changes to see the updated graph)
5. An example view is shown below -
   

Step 3 ➝ Review Base Price recommendation and Update the base price [if needed]

Step 4 ➝ Make changes in the other customization(s) [if needed]

1. Demand Factor Sensitivity
   With HLP, the event and holiday pricing is improved, and we believe you don't need to make adjustment to this setting further. Hence we suggest you to switch it to "Recommended" option. Below image shows how the setting suggestions/tip looks like at listing and group/account level:

1. Day of week pricing adjustment
   With Hyper Local Pulse, we believe you wouldn’t need to adjust your day of week pricing adjustments, as the algorithm should do it better. Hence we suggest you to change the values to 0 in all the fields. Below image shows how the setting suggestions/tip looks like at listing and group/account level:

1. Custom Seasonal Profile (Seasonal Base Prices)
   With Hyper Local Pulse, we believe you don’t need to adjust your base price with season as the algorithm should be doing a better job at the same. Hence, we suggest you to remove “Base Price” field in your seasonal profiles. We recommend to keep Min Price and Max Price. Below image shows how the setting looks like at listing and group/account level:

1. Seasonality
   With HLP, the seasonality calculation is improved, and we believe you don't need to make adjustment to this setting further. Hence we suggest you to switch it to "Recommended" option. Below image shows how the setting suggestions/tip looks like at listing and group/account level:

Please make sure you are using PriceLabs seasonality, and the "Seasonality" customization is selected to Recommended. Refer Step 2 in this section.

Step 5 ➝ Preview Chart & Save Changes

1. Final Price - Old Algorithm (Saved Customization)
   
1. This translates to the current settings and old algorithm (assuming you are on the older version)
   
2. Final Price - New Algorithm (Unsaved Customization)
   
1. This translates to final prices with the new algorithm (Hyper Local Pulse) but with customization/settings you changed in Step 4
   
2. This is provided to visualize how the prices are going to look like on the new algorithm if all the suggested customization changes (or the changes you did) have been made
   
3. Uncustomized Price - New Algorithm
   
1. This translates to raw price recommendation from the new algorithm (Hyper Local Pulse) without applying any customization/settings
   
2. This is provided to visualize how the prices are without applying any customization. We believe (and as we have seen in testing), that the Uncustomized Price on the new algorithm matches the Final Price on old algorithm (with better seasonality, day of week pricing, event and holiday pricing) thereby reducing the need to apply and manage fewer customizations

1. The purpose of this chart is to let you visualize how your prices are changing over time, with new algorithm. You can evaluate your weekends, high season and low season pricing among other things. The chart itself can be zoomed in around your dates of interest.
   
2. If you adjust any customization that you updated in Step 4, click on "Refresh Graph" button to see the desired changes in the prices before you Save Changes.
   

Once satisfied with pricing, click on "Accept Base price & Save Changes" ensuring that the "Switch to New Algorithm" customization/setting is on "New Algorithm (Hyper Local Pulse)" option.

1. If you do not wish to use the recommended base price, you can put a check on "Don't save base price change" and then hit Save changes. 
   
2. If you are migrating a parent listing and you do not wish to automatically migrate its child listings, uncheck "Migrate Child Listings to HLP". You will then be able to separately and individually migrate the child listings. 
   
3. If you choose to automatically migrate child listings, all your customizations (including minimum stay settings) will be copied over to the child. 
   

Voila! 🎉 You have moved to Hyper Local Pulse (new algorithm).

Please repeat steps 1-5 for all the listings you have to migrate to New Algorithm.

Note that child listings are automatically migrated once the parent listing is migrated. So you won't see a migrate button on the child listing.