Customizations
Creating and Using Min Stay Profiles
Min Stay Profiles helps you to easily apply minimum stay restrictions across your portfolio and seasons! With this feature, you can now create and save different minimum stay settings and apply them to your listings, groups, accounts, or seasons with ...
Preventing gap creation using minstay settings
With the latest updates, you can use the minimum stays for adjacent days before/after a booking to prevent orphan gap creation. How? Let's say, you want to avoid 1-night orphan gaps in your calendar. Then you can set the rules as the screenshot ...
Check-in & Check-out feature
Please note that Check in/Check out restrictions is available only for limited Direct Channels and Property Management Systems. Check out our table at the end of this article to see if we push this restriction for your PMS. If your PMS is not ...
How the Min Stay Recommendation Engine Works
Back in 2017, we introduced our dynamic min-stay settings, and it was an instant hit! The ability to reduce min-stay settings by lead time and automatically open up gap nights was an additional revenue lever that naturally should have been part of a ...
Introducing Data Driven Dynamic Minimum Night Recommendations!
Back in 2017, we introduced our dynamic min-stay settings, and it was an instant hit! The ability to reduce min-stay settings by lead time and automatically open up gap nights was an additional revenue lever that naturally should have been part of a ...
Far-out Premium
We gradually increase the prices far out to ensure that for large events (yet to be announced), you're not the first ones to get booked. Also, because the demand for next period is uncertain and since we are looking to maximize your nightly rates, we ...
Demand Factor Aggressiveness
Our price recommendations depend on a lot of factors, but for easier understanding, you can classify them in three buckets: Broad trends: these are things that don't change drastically from one stay date to next: base price, seasonality, etc Daily ...
Length of Stay Pricing Adjustments
Length of Stay pricing is a flexible pricing strategy that takes into consideration the number of nights the guest is planning to stay at the property. Based on the stay length, this customization sets a "Percent" price change on the final ...
Multi-unit Mapping
What is a Multi-unit? Multi-units are properties that have the same category/room type. In order to map listings as multi-units in Pricelabs, two conditions are required: Listings have to be in the same location (example: several flats in the same ...
How to set Account/ Group level overrides and customizations
If you want to apply a certain customization for all listings in your account or groups of listings, you can use the customization page. For listings that have their own specific customization, the group/account level settings will be ignored. The ...
Adjacent Factor Customization
Adjacent factor Customization can help encourage or discourage back to back bookings. Example : If you add a discount, it is more likely to book and therefore prevent gaps nights. If a small company operationally has a hard time handling same-day ...
Coronavirus Occupancy Based Adjustment
We are actively monitoring the booking situation worldwide and are coming up with ways to help you weather the storm. Our algorithm uses a mix of future looking and historical data (primarily for seasonal and day-specific trends). In this case the ...
Pricing Offsets
The Pricing Offset customization sets a "Fixed" or "Percent" price change on the Recommended Price (after all other customizations have been applied). This was mainly developed for users who want comparable prices for mapped listings from different ...
Advanced Minimum Price Settings
Important Note: For any date minimum price rules will be applied according to our general customization hierarchy. This means that it is possible to use date-level overrides, for example, to decrease the price below a listing's set lowest price. ...
Seasonal Minimum, Base and Max Price Settings
Our default pricing setup already accounts for seasonality based on market data (and you can set seasonal price and min-price settings using date-level overrides). But these new settings are a great addition ...
Bulk Date-Level Override Options
When you're making overrides at a group or account level, it's generally better to do those in percentages instead of fixed values since different listings might have different base/min/max rates and you don't want the same fixed amount on each of ...
Portfolio Occupancy Based Adjustments
Are you a property manager with many listings and you'd like a holistic approach to revenue optimization? Do you have groups of listings in the same location or even in the same building, and would like to change prices based on their combined ...
Pricing Customizations
At PriceLabs we strive to recommend the best data-driven prices for your vacation rental and Airbnb listings to get bookings and drive revenue. While that works for most hosts and vacation rental managers, we recognize that you may want to customize ...
Understanding Customization and Date-Specific Override Hierarchy
It is important to understand the hierarchy of which rules will apply when. Like someone wise once said: With great power comes great responsibility. The ability to set rules at an Account/Group level is useful if you manage tens or hundreds of ...
Using Group Customizations to Help Manage Multiple Listings
PriceLabs provides a framework where you can manage customizations and date-specific overrides for each listing, or you can group multiple listings together and manage them at once! These groups can be anything: City Names: If you have listings in ...
Date-Specific Overrides
You can add a manual override on specific dates to your listing in two ways: by clicking on the calendar and dragging to select the dates, or by clicking the 'Add' button next to "Date Specific Override" to the right of the calendar, which will open ...
Occupancy Based Adjustments
Occupancy based adjustment looks at your listings' horizontal occupancy and tries to adjust your rates accordingly. This factor helps us to consider your properties performance and not just the market, when recommending prices. Here are the common ...
Mapping Listings Between Channels
When to use mapping? Same listing on two or more different channels/PMSs: If you are using PriceLabs to update prices & minimum stays for a listing on two channels (say Airbnb and VRBO), you would want the two channels to have similar rates for your ...
Default Discounts and Premiums
One of the ways in which we make changes to your pricing is by adding premiums and discounts to certain dates depending on their position relative to holidays, events, and other bookings. There are the four default price adjustments that are made ...
Setting Cleaning Fees, Service Fees and Booking Fees
Are you wondering how PriceLabs manages all of the fees associated with listing your property on multiple channels? The short answer is: We don't! Whether you use a channel or property management system, or send prices directly to Airbnb, any fees or ...
Setting Dynamic Minimum Stay Restrictions in PriceLabs
Before we get started, users should know that Minimum Stay Restrictions are used to control how long a booking should be on certain dates. These settings should be used with a knowledge of your market, and the kind of bookings you want to get. How ...