AI Features in Market Dashboards
Overview of AI Insights in Market Dashboards
We’ve introduced AI-powered insights in the Market Dashboards to help users quickly identify key metrics and trends. Here's how the new AI feature enhances your data analysis:
Quick Insights on Metric Changes: The AI engine automatically identifies which metrics have changed during a specific period, helping you stay informed about fluctuations and stability in market data.
Historical Market Summaries: Get an immediate overview of high and low season months and see how key metrics (like occupancy, pricing, and booking trends) contribute to total annual revenue. This allows you to understand seasonal behavior better and adjust your strategies accordingly.
Here is an example:
Natural Language Comp-Set Filtering
We've made filtering easier with Natural Language Processing (NLP), available in both Market Dashboards and REPro:
How It Works: Instead of manually selecting filters, you can now type in your filter criteria using plain language. The AI understands your request and applies the relevant filters to your comp set.
Example: If you’re interested in viewing properties with over 40% occupancy, a pool, and pet-friendly amenities, simply type:
"I only want to see properties with more than 40% occupancy, which have a pool and are pet friendly."
The system will instantly filter out properties that don’t meet these requirements, saving you time and effort.
Benefits
- Saves Time: Reduces the need for manual filtering by understanding and applying your filter criteria through natural language.
- Enhanced Insights: Provides more detailed data analysis with AI-powered historical insights and summary reports.
- Customization: Allows more flexibility in narrowing down the most relevant properties based on your specific needs.
Related Articles
'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 ...What is Market Dashboard and how to use it?
What is Market Dashboard and how to use it? Market Dashboards are fully automated personalized dashboards that can help you track your location’s STR booking data through easy to digest graphs and insights. New user accounts with listings imported in ...Market Dashboard: How to create and view Custom Compsets
How to Create a Custom Comp Set Step 1: Filter the Compset -- Filtering the compset allows you to fine tune your market dashboard based on your specific criteria. First, go to Create Comp Set Tab and use any of these 3 methods to filter the compset: ...Understanding the Market Dashboards
Market Dashboards are fully automated personalized dashboards that can help you track your location’s STR booking data through easy to digest graphs and insights. New user accounts with listings imported in PriceLabs will be credited with 1 free ...Market Dashboard Use Cases
Estimated revenue The Market Dashboard allows you to evaluate your listing's performance by comparing its revenue with market averages for the selected period. If your earnings are below the market average, you can adjust your pricing strategy to ...