Price Calculations
Events, Holidays, and High-Demand Dates
The Events/Holidays feature allows you to stay informed about significant occasions in your hyperlocal market, providing insights into upcoming events, holidays, and high-demand dates. This also includes the average prices set for each of these ...
Pricing Recommendation Nudges
What are nudges? Nudges framework delivers customized suggestions, saving you time and optimizing your pricing strategies for higher occupancy and revenue, especially if you manage an portfolio of listings. You'll receive prompts (also called nudges) ...
How to think about and come up with monthly discounts?
Setting monthly discounts can be a powerful pricing strategy for property managers to attract more mid-term bookings, specially during slower months or off-season periods. In this article, we’ll discuss how to use data to effectively decide and come ...
How Pricelabs Dynamic Pricing can affect your Airbnb ranking
Airbnb's search engine plays a crucial role in helping travelers find the perfect accommodation for their needs. To ensure that guests are shown the most relevant listings, Airbnb uses a complex algorithm that takes into account a wide range of ...
Listing Hotel Data
Knowing how hotels and short-term rentals are performing in your area is essential because potential guests consider both options when planning their vacations. Keeping track of both types of accommodations allows you to stay competitive in your ...
Percentile Distribution
Percentile - A value on a scale of 100 that indicates the percent of a distribution. It is a way of expressing where an observation falls in a range of other observations. In PriceLabs, percentiles are used frequently to understand how a property is ...
Pacing Factor
What is the pacing factor? The pacing adjustment has been put in place for some markets where the projected demand is deviating significantly from historical seasonal trends. This deviation is calculated by considering how much ahead or behind your ...
How should you price compared to your competition?
We sometimes get requests from our customers asking if it would make sense to have their pricing/rates always hover at the median price (or some other percentile to reflect their home's desirability) of the comparable neighborhood market. While ...
Different Prices on Your Calendar - Tooltip Explained
Whenever you hover over any price on your calendar (single listing or multi-calendar), you will see a tooltip. This tooltip will help you understand how every rate in your calendar is calculated along with the customizations applying to that date! ...
Listing Neighborhood Data
When pricing any listing, there are always several questions that come up: What is the average price in your area? How are prices compared to comps? How does occupancy compare? How are listings priced in the next months? Are they getting booked? Are ...