Market Dashboard
Market Dashboards - Market Summary
Market History The Market History charts show the average revenue, average RevPar, average ADR, average occupancy, median booking window, and median length of stay for listings that saw bookings in that month. If a booking spanned multiple months, ...
Understanding Comp Sets in PriceLabs: A Comprehensive Guide
In the short-term vacation rental industry, understanding your competition is crucial to making informed pricing and operational decisions. That’s where ‘Comp Sets’ come in. Comp sets (short for "competitive sets") help you identify, analyze and ...
Introduction to Market Dashboards
PriceLabs’ Market Dashboards are automated, personalized tools for short- and mid-term rental (STR and MTR) operators, providing actionable insights into market trends and performance metrics. With access to VRBO and Airbnb listing-level data, two ...
AI Features in Market Dashboards
We’ve introduced AI-powered insights in the Market Dashboards to help users quickly identify key metrics and trends. Here's how the new AI feature enhances your data analysis: Quick Insights on Metric Changes: The AI engine automatically identifies ...
Market Dashboard in Action: Real-Life Applications and Case Studies
This page delves into the Market Dashboard, highlighting key metrics and trends to provide a clearer understanding of each chart and its use cases. Listing Map and Comp Sets Location The map will show the approximate location of the active listings ...
Market Dashboards - Policies and Fees
Weekly Discounts and Monthly Discounts Similar to the amenities charts, the Weekly Discounts and Monthly Discounts charts show the percentage of bookings made in the past 30 days compared to the percentage of listings that have a fee in that range. ...
Market Dashboards - Amenities
This section has two charts detailing desired features in a listing by comparing the percentage of listings with an amenity to the percentage of bookings with the amenity. The Common Amenities chart orders the amenities by the percentage of listings ...
Market Dashboards - The Length of Stay and Booking Window Trends
Length of Stay by Stay Date The Length of Stay by Stay Date graph shows the typical duration of bookings made for any given date made in the past number of days selected. You can hover your mouse over the graph to see details on stay length and ...
Market Dashboards - Price and Occupancy Trends
Key Future Dates Key Future Dates spotlights a few dates that have a higher occupancy percentage compared to the dates surrounding them. You can use the dates shown here to spot emerging high-demand periods and adjust pricing and stay requirements ...
Market Dashboards - Listing Map and Comp Sets
The map will show the approximate location of the current active listings in the report area. You can hover over each dot on the map view to see how many bedrooms that listing has, along with the average rate over the next year. The color of the dot ...
Market Dashboards - Key Performance Indicators
This section details eight KPIs for the past 7 days, 30 days, or the last 365 days in the area compared to the previous period of the same length. This section is a great at-a-glance view of market trends for the area your dashboard covers and a good ...
Market Dashboard Use Cases
Estimated revenue The Market Dashboard allows you to evaluate your listing's performance by comparing its revenue with market averages for the selected period. If your earnings are below the market average, you can adjust your pricing strategy to ...
Market Dashboard Methodology: Data Sources and Processing
Data Gathering Currently Market Dashboards is using scraped data from Airbnb (and VRBO too). For a listing, all data we gather could be found by going to that listing’s public Airbnb/VRBO page and looking through their calendar and the listing info ...
How to Create and View Custom Compsets
Creating a custom comp set allows you to fine-tune your Market Dashboard based on specific criteria. Follow the steps below: Creating a Compset Step 1: Filter the Comp Set Navigate to the Create Comp Set tab and choose one of the following three ...
Market Dashboards: Glossary of Terms
Glossary of Terms Active Listing: A listing that is active or was active within the past 15 days on any booking platform like Airbnb or VRBO. Active Dates: This indicates how many days the listing was open to reservations. As an example, some host ...
Creating a Market Dashboard
Before You Start Reminders: Verify the address or region carefully; it cannot be changed after creation. Currency selection must be made during setup and cannot be changed later. For specific bedroom filtering, you must email support@pricelabs.co to ...
Understanding the Market Dashboards
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. New user accounts with listings imported in PriceLabs will be credited with 1 free ...