Getting Started with PriceLabs’ Revenue Estimator Pro

Getting Started with PriceLabs’ Revenue Estimator Pro

Why Revenue Estimator Pro

Effortless Revenue Projections with PriceLabs Revenue Estimator Pro

PriceLabs’ Revenue Estimator Pro is designed to estimate the potential income or revenue that a property might generate in a defined area.

Here are some of the key features of the tool.
  1. Get quick, accurate revenue estimates for any address in the world, based on Airbnb data, further supported by PriceLabs' data source - one of the most refined data sources in the industry.
  2. Fine-tune estimates by filtering Comp Sets to fit your needs. Get access to 20+ advanced, proprietary PriceLabs filters.
  3. Seamlessly access and view all estimates in one place.
  4. Ability to share estimates with clients via a PDF report or export them as CSV files for input to your models.

Landing Page (view all estimates at once place)

  1. The Revenue Estimator Pro can be accessed under the Market Research section present on the top menu. Alternatively, you can go to when logged into your account.
  2. This page displays the list of all the created estimates along with the address, bedroom category, currency, creation date, and the link to access each.
  3. From this page, you can also create new estimates, manage subscription and view the number of tokens left.

Landing page view once you have created a few estimates

Refer to this guide on how to create an estimate.

Estimate Dashboard

After creating an estimate, click on the Open Estimate button from the Revenue Estimator homepage to access it. 

This is how the Estimate Dashboard looks like

  1. Estimate name, Bedroom category and, Currency –

    1. You can change your estimate name later after creation. This name gets used in the PDF download.

    2. Bedroom category is the one that you selected during the creation of the estimate. Note that you can't change this once you have created the estimate

    3. Currency (USD in this case) is the currency of the Revenue, ADR metric (and currency of the estimate)

    4. The tooltip displays the address of the estimate you created.

    5. This section displays the name of the estimate. Hover your mouse over the (i) icon to view more details such as address, created date, currency, and expiry date. 

  2. Expiry date, Created on date

    1. Please note that all estimates expiry after 30 days of creation, i.e., you can view and export your estimates, but you cannot edit estimates

  3. Filter & Refine CompSet – This button lets you fine-tune the CompSet for your analysis (more details in the next section).
  4. Download button – You can download the report in PDF or CSV format using this button.

  5. FAQ button – This button opens up a mini-help manual. You can find answer to some of the most asked questions about the estimate.

  6. Summary section - This section displays the potential annual revenue of same-sized properties in the defined market, along with the Average Daily Rate (ADR), Monthly Revenue, Adjusted Occupancy, and Number of Listings used as Comp Sets.

  7. Average Daily Rate chart - This line chart shows the Average Daily Rate by month. It is categorized into 3 lines - 25th, 50th, and 75th percentile. ADR is calculated by dividing the total revenue by the total number of booked nights. Then, we determine the 25th, 50th, and 75th percentile values. The yearly ADR shown in the summary section is determined by taking the mean of the 50th percentile values.

    Hover your mouse over each point to see details for each month. 

  8. Revenue chart - This chart shows the average revenue of a property by month. It is categorized into 3 lines - 25th, 50th, and 75th percentiles.

    Hover your mouse over each point to see details on revenue and the number of listings used for each month.

  9. Adjusted Occupancy chart Adjusted Occupancy is calculated by dividing the number of days a listing was booked by the total number of days the listing was active, excluding owner blocks. (Adjusted Occupancy = Days booked / Active days)

    Hover your mouse over each point to see details on occupancy and the number of listings used for each month.

Filtering and Refining Estimate

Click the Filter and Refine Estimate to access it. Through this section, you'll have the ability to customize the Comp Set that will be used for your estimate. 

You can also watch this video to learn more.

There are 3 ways on how to refine the Comp Sets.
  1. Map - The area you've defined during the creation of your estimate will be displayed on a map along with all the fetched listings. The star represents the address you entered while creating your estimate, and the red-green dots represent the listings in the CompSet. You'll have several options to control the map and filter the listings.

    1. Pan [] - This tool allows you to adjust and move the area on the map that you want to pick listings from. 
    2. Box Select [] - This lets you draw a square on the map and only the listings within the square will be selected.
    3. Lasso Select [] -  With this, you can draw freehand selections around the map as if you were outlining them on paper with a pen or pencil. Listings within the selected area are the only ones that will be included in the Comp Set.
    4. Zoom in and out [] - This lets you zoom in and out of the map.
    5. Reset View [] - This allows you to reset the map by removing existing filters.
  2. Advanced Filters - Click on this button to access more advanced filtering options. This section lets you filter the listings through the list of predefined criteria. Drag both arms of the slider to filter the range for each criterion. 

  3. Table -
    Use Table filtering to hand pick properties of interest.
    1. Put a check on each listing to individually select listings that are to be added to your Comp Set.  You can also use the Select all, Select Page and Clear Table Selection buttons above the table to bulk-select listings.
    2. You can use smart filtering capabilities of the table to select listings in bulk. (refer screenshot below)
      The row under the table header can also be used to create filters. Enter Filtering symbols (e.g. = (equals), > (greater than), >= (greater than or equal to), < (less than), etc.) into the allotted cells of every column to create filters. This Filtering Syntax guide provides the complete set of options for filtering text and numeric columns.

Note: The 3 methods to refine CompSets follow a hierarchy, and is defined as "Map" > "Advanced Filters" > "Table"
For example - if you select a particular area on the "Map", then the properties available in that area becomes the super set of the properties to filter from the "Advanced Filters"

In case you fine tune your estimates using Comp Sets, the updated estimate view will look something like below. In this case, we show metrics compared with the market.

Video Tutorial on how to create custom comp set: 

Exporting an estimate as PDF or CSV

While on the estimate dashboard, click the "Download" button on the top right to download PDF or CSV

Click 'Download' button (top-right) to download

Clicking the button will open up the dialog box. You can enter your Company Name, Email and Contact No. to add these details on the PDF export and further personalize your report. Please note, that these details will only be added in the PDF download.

Personalize PDF exports by adding your details

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