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PriceLabs - Business Information

Sandra Álvarez avatar
Written by Sandra Álvarez
Updated this week

Is your revenue strategy for short-term rentals truly intuitive?

Do you struggle to find the optimal price for your vacation rental each day?

Boost your revenue with PriceLabs' dynamic pricing and revenue management tool

  • Used by over 350,000 properties worldwide.

  • Automatically optimizes your prices and occupancy based on market demand.

  • Control your rates your way with powerful customization options.

Using PriceLabs can help you, as it offers automation backed by years of data, while allowing you to maintain full control of your advertisement.

The PriceLabs Dynamic Pricing tool analyzes historical and current booking data to generate price recommendations based on:

Market supply and demand

Trends by season and day of the week

Special events and holiday predictions

Number of days left to book

Why use PriceLabs?

PriceLabs is a powerful revenue management tool that takes the guesswork out of pricing. It analyzes data from platforms like Airbnb, VRBO, and Booking.com to generate accurate price recommendations for each property. Its Hyper Local Pulse algorithm automatically optimizes rates by considering factors like seasonality, events, holidays, lead time, and day of the week trends.

Thanks to its extensive customization options, you can tailor prices to your needs. Additionally, it automatically updates prices on your preferred booking platform through integration with Avantio, freeing you from constant adjustments and reviews.

Designed for hosts and property managers of all sizes, PriceLabs uses up-to-date market data to help you maximize your revenue and save time.

Maximize your revenue with smart algorithms

Data-driven price recommendations:
PriceLabs analyzes the history and current bookings of each advertisement to generate precise price recommendations for your properties.

Market factors:
Incorporates elements like base price, seasonality, day of the week trends, lead time adjustments, and price variations for holidays and events.

Stay in control with PriceLabs customizations

Adaptable price customizations
Customize daily prices based on lead time, day of the week, occupancy, seasonality, holidays, and events, among other factors.

Dynamic minimum stays
Set custom minimum stay restrictions for even greater control over your property portfolio's performance.

Make confident decisions backed by market data

Market data
Choose precise local market data that is most relevant to your business.

Create comparative groups (Comp Sets)
Compare your properties with nearby ones that have similar amenities and prices.

Hotel pricing
Make comparisons with hotels in your area for a competitive reference.

Save time with intuitive workflows

Portfolio analysis Compare the performance of your vacation rentals with historical data or the market.

Bulk updates Customize your entire property portfolio in bulk to save time and effort.

Grouping and filters Use groups to manage multiple advertisements and apply filters to facilitate search and organization.

Smart insights with PriceLabs AI

Combine our expertise in hotel industry data with the capabilities of generative artificial intelligence. Generate text-based insights on future pricing and occupancy of your properties.

Benefits

  • Use generative artificial intelligence to create easy-to-understand insights on pricing and occupancy trends.

  • Highlight when and why prices or bookings might rise or fall.

  • Track when properties are more or less likely to be rented, helping anticipate demand.

More information: Website | Video

PriceLabs’ Revenue Estimator Pro

Offers instant revenue estimates for any address in the world. Whether you're evaluating properties in your area or exploring a new market, this tool generates detailed revenue reports instantly, including monthly revenue, average daily rates, and occupancy rates. It's a simple solution for those who need to make quick, well-informed decisions.

Benefits

  • Instant revenue report for any address

  • Custom estimates using smart filters and comparative groups (CompSets)

  • All your estimates in a single dashboard

  • Professional PDFs and CSV files ready to download

More information: Website | Video

How do I activate a 30-day free trial?

To activate PriceLabs, follow the steps below:

  1. Sign up on the PriceLabs page:
    Go to hello.pricelabs.co/integration/avantio/ and click on “Start your free trial” and fill in the fields with your personal information. See the example image below if you need visual help:

  1. To integrate your Avantio VRMS with PriceLabs, you need to request the connection through our support system → http://support.avantio.com .

    We will provide you with the necessary credentials, including username, password, and API key, which you will need to set up in your PriceLabs account to establish the connection between both platforms.

Once you have your credentials, click on Add your properties

  1. You will need to enter your username, password, and the API key provided to you in Step 2 of the process.

  1. After entering the credentials, PriceLabs will load the list of properties and the rates configured from the VRMS. To better understand how the Pricing Dashboard works, check out the Pricing Dashboard help page or click on the image below.

The connection with PriceLabs is not compatible with the PMS API.

Start managing and optimizing your revenue from the Pricing Calendar.

From the property line (listing ID and listing name), click the green "Review prices" button next to the listing name to see the recommended prices.

Once the rates have been loaded, you will be able to view the Pricing Calendar.

Click on the image below for more information about the Pricing Calendar.

The calendar shows the recommended nightly rate available.

The rates are dynamic and automatically update once a day.
You can also make a manual change and force the update by clicking “Sync now!”

The rates vary between the base rate calculated by PriceLabs and the minimum and maximum limits that the agency has manually entered.

This variation depends on factors such as: The season, The day of the week, The supply and demand, especially on holidays and local events and the proximity of the booking date to the check-in date

Explore the YouTube playlist on PriceLabs Basics and how to navigate the Review Prices page.

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