PriceLabs

PriceLabs

Revenue management & dynamic pricing for vacation rentals

5/5 (28 reviews)

PriceLabs Overview

What is PriceLabs?

PriceLabs is a revenue management tool for vacation and short term rental property managers which provides data-driven dynamic pricing and PMS integration. The data-driven PriceLabs approach allows users to gain insight into their business, as well as market and competitor pricing, in order to manage pricing with the aim of increasing revenue. To help short term rental and vacation property managers control pricing, PriceLabs provides data-driven dynamic pricing suggestions based on predictions of future supply and demand, historical data, market trends, holidays, and more. PriceLabs automatically scans data from competitors to gather insight into market trends and demand, and provides data based on this information. If users do not agree with price recommendations or choose to override them, it is possible to customize pricing with full control over minimum and maximum prices, minimum and maximum stay rules, event or seasonal pricing, and more. In order to ensure listing prices are always accurate and up-to-date, PriceLabs integrates with various property management systems (PMS) such as BookingSync, Airbnb, and Vreasy to facilitate continuous synchronization of prices. PriceLabs allows businesses to gain an overview of their portfolio’s performance with a customizable analytics dashboard which provides reports on listing performance, bookings, revenue, average price of bookings, and more.

PriceLabs Overview

Pricing

Starting from
$20.00/month

Pricing options

Free Trial
Subscription
Value for money

Pricing depends on number of properties. No commission, price per listing goes down with volume.


PriceLabs Features

Devices
Business size
S M L
Markets
Asia, Australia, Brazil, Canada, China and 5 others, Europe, Germany, India, Japan, Latin America
Supported Languages
English

Screenshots

PriceLabs screenshot: Get an overview of the portfolio’s performance on the dashboard with performance indicators
PriceLabs screenshot: Get an overview of the portfolio’s performance on the dashboard with performance indicators PriceLabs screenshot: Review the price calendar with color-coding to indicate dates of high and low demand PriceLabs screenshot: Customize prices and discounts, a well as minimum stay settings PriceLabs screenshot: View price data in a graph with current prices and recommended pricing PriceLabs screenshot: Reasoning is provided for each price recommendation

PriceLabs Reviews

PriceLabs Reviews

Overall rating
5
/
5 28 reviews
Excellent
28

Very good
0

Average
0

Poor
0

Terrible
0

Value for Money
5
Features
4.9
Ease of Use
4.9
Customer Support
5
100% recommended this app
Nathan M.

Awesome Product & Great Service


Nuno T.

Top revenue management tool

Pricelabs deeply impacted on our revenue.
Our reservations increased more than 30% with this tool
Support is great. Always available, even on week ends


Verified Reviewer

PriceLabs has the best support and algorithms for pricing


Kemal C.

Excellent pricing tool for holiday rentals


Brian G.

Solid. Best value price optimizer and has good integrations

Automatic regular updates to all of my listings which helps with marketplace Channel SEO. Also obviously more optimized revenue capture.


Nathan M.
Industry: Hospitality
Company size: 2-10 Employees

Awesome Product & Great Service

Used Daily for 6-12 months
Reviewed on 10/31/2019
Review Source: Capterra

Pros

Pricelabs increased my overall annual revenue!

Cons

It can be a bit pricey, still, feel its worth every penny!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Nuno T.
Industry: Leisure, Travel & Tourism
Company size: 2-10 Employees

Top revenue management tool

Used Daily for 6-12 months
Reviewed on 8/27/2019
Review Source: Capterra

Pricelabs deeply impacted on our revenue.
Our reservations increased more than 30% with this tool
Support is great. Always available, even on week ends

Pros

Great for everyday use for updating prices on platforms
Highly effective price management
Easy synchronization with channel manager

Cons

Difficult configuration of costumizations for automatic updates
There are 3 levels of configuration which is not easy understandable

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 9.0/10

Verified Reviewer
Industry: Hospitality
Company size: 13-50 Employees

PriceLabs has the best support and algorithms for pricing

Used Daily for 1+ year
Reviewed on 1/24/2018
Review Source: Capterra

Pros

I love that I can manage multiple listings at one time using the pricelabs software. It is so easy to use and has so many different ways to manage your pricing strategy. This is the best tool built for companies running or managing multiple listings. Their integrations with other sites and applications is simple to connect to. The cost to use pricelabs is fair and affordable. I highly recommend using pricelabs over any other pricing tool. Try it for yourself to see how easy it is.

Cons

I really like using pricelabs. If they were to improve anything it would be to improve the design of the user interface. But the functionality is there so really it does not bother our company much.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Kemal C.
Industry: Hospitality
Company size: 2-10 Employees

Excellent pricing tool for holiday rentals

Used Daily for 1+ year
Reviewed on 8/23/2018
Review Source: Capterra

Pros

Amazing product and amazing support. Comparing to other pricing tools I experimented PriceLabs suggest much more dynamic prices. Other tools suggests very flat rates. You can also make use of gap availabilities by automatically reducing minimum stay requirements for the gaps. Support people are very quick to answer you in a very comprehensive way. It's hard to believe there are such people in the world but there are!

Cons

All is good, not possible to write anything negative about this product. However, PriceLabs please remember that we're delegating one of our most important aspects of our businesses, pricing, to you. So please keep working and making your tool even better!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Brian G.
Industry: Real Estate
Company size: 2-10 Employees

Solid. Best value price optimizer and has good integrations

Used Daily for 6-12 months
Reviewed on 9/12/2017
Review Source: Capterra

Automatic regular updates to all of my listings which helps with marketplace Channel SEO. Also obviously more optimized revenue capture.

Pros

The best is that PriceLabs Integrates with my other various software I use for my Vacation Rental Booking Manger service. Also the price point is great.

Cons

It under prices the biggest local events. But it is easy to over ride so isnt to big of a deal.

It does not seem to accommodate weekly and monthly stay rates or discounts. PriceLabs does a good job in theory pricing nightly rates. But with short term and vacation rentals it is more appropriate to calculate a multiple night rate.

Overall PriceLabs is awesome though, I understand it is not an easy task to do what PriceLabs is doing.

Response from PriceLabs

Thanks for your thoughts, Brian! We're constantly looking at feedback on how to make things even better for our users, and these inputs will go a long way!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

User recommendation
9.7/10
Based on 28 user ratings
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PriceLabs Pricing

PriceLabs Pricing

Starting from
$20.00/month
Free Trial
Subscription
Value for money

Pricing depends on number of properties. No commission, price per listing goes down with volume.

Pricing depends on number of properties. No commission, price per listing goes down with volume.

Value for Money
5/5
Based on 28 user ratings
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PriceLabs Features

PriceLabs Features

API
Activity Dashboard
Automatic Notifications
Availability Management
Billing & Invoicing
Booking Management
Calendar Management
Channel Management
Credit Card Processing
Customer Database
Discount Management
Electronic Payments
Inventory Management
Invoice Management
Online Booking Integration
Price Management
Reporting & Statistics
Reservations Management
Room Booking
Third Party Integration
Features
4.9/5
Based on 28 user ratings
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Categories

Videos and Tutorials

Videos and Tutorials

Additional information for PriceLabs

Additional information for PriceLabs

Key features of PriceLabs

  • Activity dashboard
  • Calendar management
  • Channels performance
  • Custom pricing options
  • Customizable reporting
  • Data mapping
  • Data synchronization
  • Discount management
  • Dynamic pricing
  • Fee / commission management
  • Filtered views
  • Market analysis
  • Market research
  • Performance reports
  • Predictive modeling
  • Price management
  • Price optimization
  • Revenue management
  • Sales trend analysis
  • Synchronous editing
  • Third party integration
  • Yield management

Benefits

  • Benefit from dynamic pricing management with visual graphs that show recommendations and trends compared with current pricing. Users can then review and customize price recommendations or create their own.

  • View a pricing calendar of recommended pricing with color-coding to indicate dates with low demand, normal demand, strong demand, and more, based on past and future supply & demand data and historic trends.

  • Specify minimum and maximum prices and stay rules using the dynamic pricing tool and minimum stay rules automation. Customize rules and settings depending on business needs.

  • Import listings for vacation and short term rental properties to the dashboard and manage an entire business portfolio from one place, with the ability to view performance indicators.

  • Integrate with PMS solutions such as Airbnb, BookingSync, and more to sync prices automatically across platforms daily or as soon as they are changed or updated.

  • PriceLabs FAQs

    PriceLabs FAQs

    Below are some frequently asked questions for PriceLabs.

    Q. What type of pricing plans does PriceLabs offer?

    PriceLabs offers the following pricing plans:

    Starting from: $20.00/month

    Pricing model: Subscription

    Free Trial: Available

    Pricing depends on number of properties. No commission, price per listing goes down with volume.

    Q. What are the main features of PriceLabs?

    PriceLabs offers the following features:

    • Activity dashboard
    • Calendar management
    • Channels performance
    • Custom pricing options
    • Customizable reporting
    • Data mapping
    • Data synchronization
    • Discount management
    • Dynamic pricing
    • Fee / commission management
    • Filtered views
    • Market analysis
    • Market research
    • Performance reports
    • Predictive modeling
    • Price management
    • Price optimization
    • Revenue management
    • Sales trend analysis
    • Synchronous editing
    • Third party integration
    • Yield management

    Q. Who are the typical users of PriceLabs?

    PriceLabs has the following typical customers:

    Large Enterprises, Mid Size Business, Small Business

    Q. What languages does PriceLabs support?

    PriceLabs supports the following languages:

    English

    Q. What type of pricing plans does PriceLabs offer?

    PriceLabs has the following pricing plans:

    Subscription

    Q. Does PriceLabs support mobile devices?

    We do not have any information about what devices PriceLabs supports

    Q. What other apps does PriceLabs integrate with?

    PriceLabs integrates with the following applications:

    Booking Automation, Elina, Guesty, Hostaway, Hostfully Property Management Platform, MyVR, Smoobu, Streamline, Uplisting, Vreasy

    Q. What level of support does PriceLabs offer?

    PriceLabs offers the following support options:

    FAQs, Online Support