PriceLabs Reviews

Really great product, an absolute must if you manage multiple properties.

Also the customer support is fantastic. Very responsive, polite and knowledgable about their product.

There isn't much to dislike - only a wish list of features. Mobile app (or better mobile site), ability to work with per-person pricing, ability to handle weekly/monthly discounts, better awareness of pricing on other channels (markups are handled via other products so Pricelabs is currently unaware of these.)

Clever algorithm and friendly interface.

None so far, would be good to see previous months prices and booked rates

Automated most pricing, and made it easy to adjust

I like PriceLabs because it is fabulous at pricing my unit. It reduces my pricing activity to once a week to make sure that everything is working well. Once setup "it just works".

Besides pricing the Neighborhood data is also invaluable, allowing one to see basic statistics for comparable units.

I love that PriceLabs automates my short term rental pricing to a granular level. I can set PriceLabs to make sure I'm attracting the length of stay that I desire while maximizing my returns. I love that it integrates seamlessly with Hospitable.

There are so many advanced features that I'm not always sure how to use them all!

PriceLabs solves the otherwise impossible task of keeping our prices up to date in the face of changing market demand.

Pricelabs makes pricing your Short Term Rental (STR) easy by allowing you to set a baseline price and dynamically adjusting pricing based on demand. Pricelabs can even help you find your baseline price based on market data and what your neighbors are getting for their rentals; all you do is click pricelabs "Help me choose a base price" button, so it couldn't be simpler.

You can also get a market report in pricelabs market dashboard to see what add-ons and amenities your neighbors have. If you really want to get into the weeds after your first week of pricelabs you can narrow your market neighbors down by Beds and radius to get a tighter analysis.

Nothing really, some integration fell off with my PMS so VrBO would not sync so pricelabs has an option to make a new listing cloned / child of your main listing to send to other platforms. The help documentation made this pretty simple and it only costs an additional nominal (tiny) fee ($1 as of today) which allowed me to keep all my pricing rules and still sync with VrBO. I could of course change my pricing strategy to be more aggressive or pad my rates on a different Online Travel Agency (OTA) platform.

Pricelabs helps you get the most out of your listing by adjusting pricing up or down based on market demand like airlines do with their ticket pricing. You still have to help drive the software, but it isn't that hard to steer the pricing with the results you see. For example, if you are not getting tons of bookings, you know you need to adjust your rates down. Pricelabs does not know how nice (or bad) your property is, so you have to read the feedback you get (bookings).

PriceLabs takes note of competitor pricing in the area, ensuring that property remains competitive within the market. This helps attract more bookings and maintain a steady flow of guests and hence helps to maximize revenue potential. Also, pricelabs helps me to gain valuable insights and analytics, allowing to track performance over time and make informed decisions about their pricing strategy.

Price labs is a bit pricy for people with limited resources and is a bit cmplex

PriceLabs provides me with valuable insights and analytics, allowing them to track performance over time and make informed decisions about their pricing strategy. Also,PriceLabs seamlessly integrates with popular vacation rental platforms like Airbnb, Vrbo, and Booking.com, making it easy to manage their pricing across multiple channels from one centralized dashboard.

Incredible amounts of data at your finger tips. Does what it needs to and sets dynamic pricing.

Almost too complicated at times. SO many "levers" that can be adjusted to ultimately build out the dynamic pricing.

Our property is located in an extremely seasonal area. Very high variablity in pricing. Dynamic pricing allowed me to set things up and then kind of go on "auto-pilot" (with some supervision here and there).

PriceLabs offers unique insight that allows me to identify market rates based on other listings in the area on a day-by-date basis. Based on local comps, PriceLabs suggested that rents should be raised 50% during certain times of the year.

Integration with Hospitable was seamless and took 30 seconds. You can "set and forget" but I usually log in every three months or so to adjust settings.

The user interface on a few areas of the app were less intuitive than others, but I eventually came over that.

.ti does exactly what it says i does, provides good data and some reccomendations

it is a little complicated to use for beginnners

dynamic pricing and revenue management

Pricelabs lets me see the high demand days as well and how the market is doing. So I see the % of rentals in my market booked in the next 7, 30, and 60 days. And compares me to those rentals in my market.

I can set up a base rate and a min price per night. It helps me make available and price orphan days. Prices are updated daily and it integrates with houfy.

For $21 a month for 1 property, I can quickly update prices across all platforms. Increase or decrease the price.

I did notice that my future bookings decreased with pricelabs. Its helping me fill out my days now within the next 30 days but I'm ok with that. I've only had 1 to 3 nights open in July and back. Aug and Sep have been slow months.