General
Weekly and Monthly Discounts
Discounts are a key part of any rental property's price strategy, especially for those looking to extend their visitors' stays. A "Weekly and Monthly Discount" is a frequent name for this arrangement. As a revenue management tool, you can now ...
Extra Person Fee
In PriceLabs, one of the automation goals is to simplify and speed up the process of your pricing and revenue management tasks. One way to do this is by setting up rules like Extra Person Fee. What is an "Extra Person Fee"? In the hotel and rental ...
Last-Minute Prices
You can use this customization to fine-tune your prices for last-minute dates. Default: By default, we apply a gradual 30% last-minute discount over the next 15 days from the current day. Customize: There are four options available if you want to ...
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 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 ...
Occupancy Based Adjustments
Occupancy Based Adjustment is a customization that enables our system to analyze the horizontal occupancy of your listing and make appropriate rate adjustments. This innovative approach allows us to consider not only market conditions but also 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. You might wonder, "why is there a 20% discount on my orphan ...