PriceLabs Dynamic Pricing

5.0 (25 REVIEWS)

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HT Score  
78 out of 100
Hotel Tech Score is a composite ranking comprising of key signals such as: user satisfaction, review quantity, review recency, and vendor submitted information to help buyers better understand their products.
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PriceLabs Dynamic Pricing

5.0 (25 REVIEWS)

Ranked 9 (out of 62) in Revenue Management Systems

Dynamic Pricing and Revenue Management Solution for Hotels

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Ratings Summary

5.0
Excellent
25 reviews
Ease of Use
4.8/5
Customer Support
5.0/5
ROI
4.9/5
Implementation
4.9/5

Recommended by

Achievements

Trending Product

This vendor's trending score is rising, PriceLabs Dynamic Pricing is the #8 most trending product in the Revenue Management Systems category (out of 62) and the #257 most trending product overall in the global hotel tech ecosystem. HTR assesses vendor's real time activity in the market to give buyers a sense of whether a product is gaining momentum

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Certified Support

PriceLabs’s customer support processes haven’t yet been verified by Hotel Tech Report.

Learn more about this achievement in the official press release
Certificate of Excellence

This vendor has not met the minimum criteria for the Certificate of Excellence which is awarded to vendors who exemplify transparent cultures and come highly recommended by their clients. For more information, please see the help center.

Learn about the criteria required to achieve HotelTechReport's Certificate of Excellence
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78 HT Score

Hotel Tech Score is a composite ranking comprising of key signals such as: user satisfaction, review quantity, review recency, and vendor submitted information to help buyers better understand their products.

Learn how HotelTechReport uses millions of proprietary datapoints to rank the best hotel software in the world
About PriceLabs Dynamic Pricing
Founded in 2014 | Headquarters in Chicago (United States) | 106 employees
PriceLabs is a revenue management solution that combines human control with best-in-class automation and market data to help hotel owners boost occupancy and maximize revenue. We bring a data-driven approach, automation rules, and extensive customizations to manage pricing for large portfolios to increase revenues, reduce manual effort and errors, streamline business processes, and save hours while doing so.

Capabilities

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PriceLabs doesn’t have any benefits or use cases available

Features

Pricing Optimization

4/5 features

Market Intelligence & Forecasting

4/5 features

Dashboards & Reporting

4/5 features

Automation

4/5 features

Multi-Property Functionality

4/5 features

Pricing

Average

This product is priced in line with the average product in the category which is usually an indicator that it is a standard product with standard functionality designed for typical operations and use cases and properties.

PriceLabs Average PriceLabs

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Success Stories

4

References

5

Featured Customers

Success Stories

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Popularity by Segment

Size

12 | X-Small (1-9 room)

6 | Medium (25-74 room)

4 | Small (10-24 room)

3 | X-Large (200+ room)

2 | Large (75-199 room)

Type

20 | Vacation Rentals & Villas

2 | Extended Stay & Serviced Apartments

2 | Luxury Hotels

2 | RV Parks & Campgrounds

1 | Bed & Breakfast & Inns

1 | Casinos

1 | City Center Hotels

1 | Hostels

1 | Resorts

Region

15 | North America

9 | Europe

2 | Middle East

1 | Oceania

Category

25 | VR Dynamic Pricing

25 | Revenue Management Systems

8 | Rate Shopping & Market Intelligence

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25

Reviews

1

Expert Recommendations

Hotelier Rating

Excellent
27
Very Good
0
Average
0
Poor
0
Terrible
0

By Product

  • VR Dynamic Pricing
    VR Dynamic Pricing
  • Revenue Management Systems
    Revenue Management Systems
  • Rate Shopping & Market Intelligence
    Rate Shopping & Market Intelligence

Property Size

  • X-Small
  • Small
  • Medium
  • Large
  • X-Large

Region

  • North America
    North America
  • Europe
    Europe
  • Oceania
    Oceania
  • Middle East
    Middle East
10

PriceLabs helps us create automation and revenue management strategies and has allowed us to generate increases in revenue.

CRO from 5 to 9 room Hostel in Porto (Portugal)

Verified
3 days ago
- Creation of automations for minimum stays and price increments/discounts based on rules- - Relate price differences using booking window variables and occupancy rate. - Algorithm with relevant market data that allows us to quickly adjust strategy. - Accurate reporting system
10

Revolution in revenue management is here

CEO from 25-49 room City Center Hotel in Tel Aviv-Yafo (Israel)

Verified
30 days ago
I am thrilled to share my fantastic experience with Pricelabs and their exceptional revenue management software, Webbie. As a part of Loginn autonomous hotels in Tel Aviv, we've been fortunate to work with Pricelabs to elevate our revenue management strategies. Webbie's user-friendly interface makes it a breeze to navigate, and the array of...
10

A tech partner you can rely on

CEO from 100 to 199 room Luxury Hotel in دبي (United Arab Emirates)

Verified
1 months ago
Their response time from their team and the effort they make in keeping it real. The confounders and the entire team contribute in solving our problems making it a bespoke experience. The deeper you dive the more you get. It's as if they strive on you challenging them. We have been able to learn a lot about revenue management and what our c...
10

Impressive Management and Collection of Data

Co-Principal/Founder from 50-74 room Vacation Rentals & Villa in Miami Beach (United States of America)

Verified
2 months ago
I love the fact that management is always responsive. They’re data collection is unlike no other, although not an exact %, our occupancy rate has gone up ten-fold.
10

Excellent tool

Property Manager from 25-49 room Vacation Rentals & Villa in Rimini (Italy)

Verified
2 months ago
Continuous improvements, customer support. This tool allows you to have all the information you need to implement the right pricing policies.
Ishani from PriceLabs replied
Thank you for your consistent support and appreciation Matteo!
10

Powerful tools for Market Analysis & Pricing

Business Owner from 5 to 9 room Vacation Rentals & Villa in Charlottesville (United States of America)

Verified
2 months ago
I understand the short-term rental market much better. Pricing updates have resulted in great occupancy, and I am using the platform to develop a more effective earnings optimization strategy.
10

Love Pricelabs!

STR Owner, Airbnb Host, Vacation Rentals Owner - Hospitable Host from 5 to 9 room Vacation Rentals & Villa in Joshua Tree (United States of America)

Verified
3 months ago
The product helps with pricing and forecasting strategizing which allows for maximizing of revenue management. Its the best product available in its category.
Ishani from PriceLabs replied
Thank you Omid for choosing PriceLabs and always having our back! Your feedback regarding historic data on gross revenues has been duly noted and passed on to the team. Warm regards, Ishani
10

Solid software for revenue management!

Revenue Management from 200 to 499 room Vacation Rentals & Villa in Surf City (United States of America)

Verified
5 months ago
Pricelabs offers a logical set up that works across our varied brands (hotels and vacation rentals) and our locations with varying partial week/minimum night policies.
Ishani from PriceLabs replied
Hi Jennifer! Thank you for taking the time to review us and for leaving your feedback. We are continuously working to enhance our product and make it easier to use and your feedback is valuable and is taken into consideration as we plan future updates. Thank you once again for choosing PriceLabs. Ishani
10

In Love with Pricelabs and the team

Project Manager from 1 to 4 room Vacation Rentals & Villa in Luxembourg (Luxembourg)

Verified
7 months ago
The platform is incredibly user-friendly, allowing me to easily adjust pricing based on demand, seasonal trends, and other factors. The customizations available are extensive, allowing us to fine-tune pricing strategy to optimize revenue. In addition to the ease of use and flexibility, the support team at PriceLabs is simply outstanding. Th...
Ishani from PriceLabs replied
Dear Vlad, Thank you so much for taking the time to leave us this review. Thank you for acknowledging and appreciating our team and our support - it's made our day! We're so happy to read that PriceLabs Market Dashboard has been easy to use and helpful in your pricing and decision making strategy. Our mission has always been focused on delivering value and helping our customers reach their goals - to boost occupancy, maximise revenue, and save time, with data driven intelligence and we're glad we've been able to deliver on those promises. With regards to your feedback - yes, we're always working towards improving our user interface. If you have any specific suggestions, we'll be happy to hear them so please don't hesitate to reach out. Thank you once again for choosing and trusting PriceLabs. Warm regards, Ishani
10

Pricelabs is user friendly and there customer is great !

Business Owner from 5 to 9 room Vacation Rentals & Villa in St. Augustine (United States of America)

Verified
7 months ago
Love when I’m having and issue and they screen share .. It’s the process easier and faster . Also love the webinars
Ishani from PriceLabs replied
Hi Denise, Thank you for taking the time to leave us this review. We're so happy to note that our customer support has been able to quickly help you through your issues. While we don't offer phone support, we are very responsive over email and have a live chat option. However, we have noted your recommendation and will discuss feasibility it with the team. Thank you once again for choosing PriceLabs. Regards, Ishani
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More About PriceLabs

PriceLabs is a dynamic pricing and revenue management tool that helps vacation rental owners automate their pricing strategies to maximize profitability. By utilizing a data-driven approach, PriceLabs assists property managers and owners in optimizing their pricing to achieve higher revenues and occupancy rates. Here's an overview of how PriceLabs helps vacation rental owners: Dynamic Pricing: PriceLabs uses advanced algorithms to analyze market data, including factors such as seasonality, demand, local events, and competition. It dynamically adjusts rental rates to optimize pricing for maximum revenue and occupancy. Integration with Property Management Systems (PMS) and Channel Managers: PriceLabs seamlessly integrates with popular property management systems and channel managers like Airbnb, VRBO, Guesty, and others. This allows vacation rental owners to synchronize their pricing across multiple platforms, ensuring consistency and accurate pricing adjustments. Data-Driven Approach: PriceLabs relies on comprehensive market data and historical performance to make pricing recommendations. It considers factors such as local demand, competitor pricing, and historical booking patterns to provide accurate and data-driven pricing suggestions. Automation and Optimization: PriceLabs allows users to set automation rules and pricing strategies based on their preferences. This enables vacation rental owners to save time and effort by automating their pricing adjustments while maintaining control over their pricing strategy. Minimum Stay and Smart Pricing: The tool can help optimize minimum stay requirements, allowing owners to maximize revenue by aligning minimum stay rules with demand patterns. It also offers smart pricing options, considering multiple factors to set competitive rates that attract guests while maximizing profitability. Revenue Management and Optimization: PriceLabs helps vacation rental owners effectively manage their revenue by providing insights and recommendations on pricing strategies. This includes identifying high-demand periods, suggesting rate adjustments, and forecasting potential revenue gains. Customer Support and Resources: PriceLabs provides customer support through email, ensuring assistance and guidance to users. Additionally, they offer resources such as tutorials, webinars, and educational materials to help owners make the most of the platform and understand revenue management concepts. Direct Bookings and Channel Optimization: PriceLabs aims to help owners drive more direct bookings by providing competitive pricing strategies. It optimizes rates across various channels to ensure maximum visibility and revenue potential. API Integration and Apps: PriceLabs offers API integration options, allowing users to connect the tool with their existing systems and access data programmatically. They also provide mobile apps for on-the-go access and management of pricing strategies. PriceLabs assists vacation rental owners and managers in automating their pricing strategies through a data-driven approach, optimizing rates, and maximizing revenue. With its functionality, revenue management tools, and customer support, PriceLabs contributes to efficient vacation rental management and profitability in the dynamic market of short-term rentals.

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Support

Unverified

PriceLabs has not yet had their customer support processes certified by Hotel Tech Report. We recommend referencing the GCSC rubric during your demo call to make sure that this vendor has strong processes in place to support customers.

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Response Time

Less than a day

Responsiveness

Excellent

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