How to use PriceLabs and get the best out of it

Training Sessions on How to Use PriceLabs and Get the Best Out of it!

Every day, we do PriceLabs training sessions during office hours where we cover how to use PriceLabs and best practices! These trainings are held in English, Spanish, French, and Portuguese. We run two levels of training sessions.

You can find the timings and registration link on this page:  Training Sessions

PriceLabs Basics | Account Set Up

If you recently created a PriceLabs account, this 45-minute onboarding will help you start by setting up your listings for success. We recommend that you do this session in your first week of using PriceLabs (and also, as a refresher maybe after 3-6 months of using PriceLabs).

During this session we cover the following topics: 
  1. How PriceLabs comes up with rate recommendations
  2. Setting a base and minimum price for your listings
  3. Dynamic minimum stays
  4. Managing rates day to day
  5. Syncing rates to your PMS
Idea
This session is highly recommended for every user!

Level Up Your Pricing Strategy

This training session is to make your pricing strategy by helping you identify your strengths and challenges so you can adjust your strategy as needed The prerequisite for this session is that you have either attended PriceLabs basics training or are familiar with most basic concepts covered during that session.

During this session, We’ll cover a variety of key features, including:
  1. Performance Metrics
  2. Neighborhood Data
  3. Key Performance Indicators

Understanding Market Dashboards

During this session, we will discuss how to use PriceLabs Market Dashboards to build a profitable business.
We will cover:
  1. How does a Market Dashboard work?
  2. Understanding various terminologies used
  3. Analyzing Key Performance Indicators (KPIs), creating a comp set, Price and Occupancy Trends, and many more factors

Understanding Portfolio Analytics

Portfolio Analytics is a free real-time reporting system showing important KPIs and unit-level performance data.
You can use it to get a high-level overview of how things are going, build your revenue strategy, identify underperforming listings, and compare them against the market.
We will discuss the following:
  1. Various KPIs and what they mean
  2. Trends by stay date
  3. Comparing against the market


Notes
For more details on account setup refer - Getting started with Pricelabs- A comprehensive guide 


    • Related Articles

    • Getting Started with PriceLabs - A Comprehensive Guide

      Welcome to PriceLabs! This article has a step by step guide on understanding PriceLabs, our products, setting up your account and understanding pricing. Every step has links to articles which explain the concept/step in detail. These articles cover ...
    • What is Dynamic Pricing and how to use it?

      Dynamic Pricing: This provides automated daily rate and minimum stay updates based on market data and your listing performance. You can deep dive into how it works here. We analyze each listing and recommend daily rates based on several factors. We ...
    • 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 in Action: Real-Life Applications and Case Studies

      This page delves into the Market Dashboard, highlighting key metrics and trends to provide a clearer understanding of each chart and its use cases. Listing Map and Comp Sets Location The map will show the approximate location of the active listings ...
    • 2023-06 (June) : Product updates - Why use minimum stay restrictions - French version - Improved Multi-Calendar Page

      Hello , Dive into the freshest edition of the PriceLabs newsletter! Discover how our enhanced Min Stay Profiles can boost your short-term rental business , and learn about our simplified Multi-Calendar page for improved usability. We're also thrilled ...

    Sign up for training

    To help you get the most out of PriceLabs, we have training webinars in English, Spanish, Portuguese and French. Click here to Register.