What is Market Dashboard and how to use it?

What is Market Dashboard and how to use it?

1. 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. 
   

1. New user accounts with listings imported in PriceLabs will be credited with 1 free dashboard to help you figure out what is happening in your market.
   

This is a powerful tool that can give you insight on various KPI - Key Performance Indicators.

1. Estimated Revenue
   
2. Average RevPAR
   
3. Estimated % Occupancy
   
4. Average ADR
   
5. Active listings
   
6. Bookings
   
7. Booking Window
   
8. Length of stay

Please check this article - Understanding Market Dashboards

How much does it cost?

Please note that our Market Dashboard is a separate product from our Dynamic Pricing thus, it has a separate charge. Each Market Dashboard costs 9.99 USD for up to 1000 listings, 19.99 USD for up to 5000 listings , and 39.99 USD for up to 10,000 listings per month.

Please check this article - PriceLabs Market Dashboard: Billing, Subscription, Cancellation, and Invoices

How to create a Market Dashboard?

Once you have checked the above information, and have decided to create a market dashboard of your own, you can go ahead and follow the steps on the article below, to create a required market dashboard.

Please check this article - Creating a Market Dashboard

How to learn more about market dashboards?

1. If you are new into Short Term/Mid Term Rentals, there are few terms which can really come in handy while analysing the data. We have combined all of the required terms together.

Please check this article - Market Dashboards: Glossary of Terms

2. You can even understand how we gather data for your market dashboard, and how it is processed in order to give you precise values of bookings made in your selected are, ADR of nearby listings, dynamic pricing analysis, etc. 

Please check this article - Market Dashboard Methodology: Data Sources and Processing

3. In case you want to fine tune your market dashboard based on your specific criteria like, bedroom count, star ratings, reviews, minimum ADR, minimum stay you can do it by creating specific comp sets in your market dashboard as well. 

Please check this article - Market Dashboard: How to create and apply Custom Compsets

4. We believe you must have more questions on market dashboards, and to answer you, we have accumulated frequently asked questions from users who reached out to us from time to time, and combined them in one article.

Please check the article - Market Dashboard FAQs

5. Every day, we do PriceLabs trainings where we cover how to use PriceLabs and best practices! We run Market dashboard training as well. 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
   

Please find the link to registration for our Market Dashboard training sessions here - Market Dashboard Training

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