Pricing Strategies
How to Get Seasonal Prices Right in PriceLabs?
Setting seasonal prices in PriceLabs is simple when you focus on a few key steps. The key factor to focus on is your BASE PRICE. Base price is the average nightly rate that you expect for your listing. It’s an average throughout the year, i.e. an ...
Using Rate Plans to Customize Pricing and Packages
PriceLabs understands that as a property owner or manager, having flexibility in structuring your rates is essential to meet different booking needs. For this reason, certain PMS integrations allow you to create multiple rate plans, enabling you to ...
Pricing Recipe Using Booking Curves: A Step-by-Step Guide
When it comes to maximizing revenue, having a clear pricing strategy is essential. One of the most powerful tools for refining your pricing is the Booking Curve. This tool helps you see how your bookings are pacing over time and whether you need to ...
Pricing Recipe for New Airbnb Hosts Using PriceLabs
As a new Airbnb host, your goal is to build up bookings and gather reviews quickly. It’s crucial to focus on securing bookings in the near term, as this leads to reviews and improved visibility on the platform. Below is a recommended strategy to help ...
What to Do After Finishing Your Free Trial: A Step-by-Step Guide to Optimize Your Listings
Your PriceLabs free trial has come to an end, but this is just the beginning of maximizing your listing's potential. In this guide, we’ll walk you through essential steps to keep your listings optimized, monitor key metrics, and make data-driven ...
Pricing for Combined Listings using PriceLabs
What are Combined Listings? To maximize revenue from a house, home owners split up (or combine) the house into various smaller units. They then list each unit as a unique listing on OTAs (like Airbnb, Vrbo) thus maximizing the revenue from the house, ...
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 ...
Using PriceLabs for Midterm Rentals
Whether you’re temporarily converting your property into a midterm rental during the slow season or adapting to city regulations, here’s how you can effectively set up your midterm rentals in PriceLabs. What Are Midterm Rentals? Midterm rentals are ...
Preventing gap creation using minstay settings
The latest updates allow all PriceLabs users to prevent orphan gaps from appearing in their calendars by using minstay rules for adjacent days after an unavailable night. Before we proceed, it's worth noting that if your PMS connection supports ...