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
This session is highly recommended for every user!

Advanced PriceLabs Features | Pricing Strategies |

This training session is to make your pricing strategy more efficient and is for those who are looking for more manual control on how to use PriceLabs 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 will discuss Advanced Pricing Customizations that PriceLabs has to offer. We will cover the following things during the session:
  1. Best practices for creating groups
  2. Last-minute discounts and Orphan day prices
  3. Occupancy Based Adjustments
  4. Custom Season Profiles
  5. Adjacent factors, Day of week adjustments etc.

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

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

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