PriceLabs Dynamic Pricing

5.0 (37 REVIEWS)

HTR Score icon
HT Score  
79 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 (37 REVIEWS)

Ranked 12 (out of 62) in Revenue Management Systems

Maximize your hotel's revenue with our user-friendly revenue management platform

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Ratings Summary

5.0
Excellent
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 #12 most trending product in the Revenue Management Systems category (out of 62) and the #392 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 has opened its internal systems to Hotel Tech Report and earned the Verified Support Certification.

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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79 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' Dynamic Pricing helps you optimize your hotel pricing strategies by automatically adjusting room rates in real-time, based on market data. Our extensive customization options help users retain control over their pricing operations and amplify their revenue strategy. Real-time updates ensure responsiveness to market fluctuations making PriceLabs suitable for a wide range of users.

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Capabilities

Automatically adjust room rates in real time

Boost Revenue: Optimize hotel pricing strategies

Forecast Trends: Analyze pace reports to increase occupancy

Save Time: Automate pricing and revenue management tasks

Customize Settings: Tailor strategies to meet business goals

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

Available Add-ons & Modules

Portfolio Analytics

Business Intelligence
With Portfolio Analytics, property managers have a real-time reporting system that surfaces high-level metrics about the business, such as monthly revenue or length of stay information.

INCLUDED

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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4

Success Stories

5

References

16

Featured Customers

Popularity by Segment

Size

16 | X-Small (1-9 room)

6 | Small (10-24 room)

7 | Medium (25-74 room)

5 | Large (75-199 room)

8 | X-Large (200+ room)

Country

22 | United States of America

2 | United Kingdom

2 | France

2 | Spain

2 | Canada

2 | Italy

1 | Luxembourg

1 | Slovenia

1 | Mexico

1 | Portugal

1 | India

1 | Armenia

1 | Israel

1 | United Arab Emirates

1 | Finland

1 | Germany

1 | Australia

Type

30 | Vacation Rentals & Villas

4 | City Center Hotels

4 | Luxury Hotels

4 | Resorts

3 | Bed & Breakfast & Inns

3 | Boutiques

3 | Extended Stay & Serviced Apartments

2 | Hostels

2 | Limited Service & Budget Hotels

2 | Motels

2 | RV Parks & Campgrounds

1 | Casinos

Region

25 | North America

13 | Europe

2 | Asia Pacific

2 | Middle East

1 | Oceania

Category

39 | VR Dynamic Pricing

37 | Revenue Management Systems

17 | Rate Shopping

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Hotelier Rating

Excellent
44
Very Good
0
Average
0
Poor
0
Terrible
0

Property Size

  • X-Small (16)
  • Small (6)
  • Medium (7)
  • Large (5)
  • X-Large (8)

Country

  • United States of America
    United States of America
    (22)
  • United Kingdom
    United Kingdom
    (2)
  • France
    France
    (2)
  • Spain
    Spain
    (2)
  • Canada
    Canada
    (2)
  • Italy
    Italy
    (2)
  • Luxembourg
    Luxembourg
    (1)
  • Slovenia
    Slovenia
    (1)
  • Mexico
    Mexico
    (1)
  • Portugal
    Portugal
    (1)
  • India
    India
    (1)
  • Armenia
    Armenia
    (1)
  • Israel
    Israel
    (1)
  • United Arab Emirates
    United Arab Emirates
    (1)
  • Finland
    Finland
    (1)
  • Germany
    Germany
    (1)
  • Australia
    Australia
    (1)

Region

  • North America
    North America
    (25)
  • Europe
    Europe
    (13)
  • Asia Pacific
    Asia Pacific
    (2)
  • Oceania
    Oceania
    (1)
  • Middle East
    Middle East
    (2)

Hoteliers say

NEW AI Review summary

Hoteliers like PriceLabs for its precise dynamic pricing, market comparison features, and the ability to manage large portfolios efficiently. Users consistently highlight its ability to increase revenue, streamline operations, and offer valuable market insights. Key benefits noted include advanced market dashboards, the effective handling of multi-unit properties, and seamless integrations. Some users also flagged areas needing improvement like UI enhancements and further automation capabilities.

AI-generated from the text of customer reviews

Dynamic Pricing and Revenue Management
Room for Improvement: Additional Functionalities
Technical Support and Responsiveness
Market Comparison and Intelligence
Customization and Flexibility
User Interface (UI) and Performance
Automation Capabilities
Portfolio and Multi-Unit Management
10

Excellent Revenue Management System

Director from 5 to 9 room in (Slovenia)

Verified
1 months ago
The future prices are very precisely calculated. it is really a useful tool for all Airbnb hosts. Superb online support.
Country Slovenia
Director
X-Small Hotel
Saurabh from PriceLabs replied
Hi Jernej, Thank you for taking the time to write this review. We are glad PriceLabs helped you accurately price your property, based on demand patterns. We acknowledge your feedback on the pricing. All the best!
10

Great software, fantastic support team!

Marketing Manager from 75-99 room Vacation Rentals & Villa in (United Kingdom)

Verified
8 months ago
- Market occupancy comparisons, listing health, assistance with selecting base price, quick syncs, saves so much time, easy to analyse
Country United Kingdom
Marketing Manager
Large Hotel
Ishani from PriceLabs replied
Hi Sandie, Thank you taking the time to leave us this glowing review! Your praise for Pricelabs' features and support team has really made our day. It's great that you haven't found any faults yet, indicating a seamless experience. Once again thank you for your support and for choosing PriceLabs, Ishani Team PriceLabs
10

Best in class tech and best in class support.

Founder at TheBluekite from 200 to 499 room Vacation Rentals & Villa in Nerul (India)

Verified
8 months ago
I use it to manage pricing for 200+ properties (villas and apartments). I like that you can customise a lot but you it's built very intuitevely and easy to use. Their staff are super responsive. I built a direct API with my custom PMS and the integration was super smooth, their tech team was very supportive throughout the process. Even thei...
Country India
Founder at TheBluekite
X-Large Hotel
Ishani from PriceLabs replied
Hi Caroline, Thank you for your review! We're thrilled to know our technology and support serve you well in managing your extensive property portfolio. If you'd like to connect with peers, you can explore active Facebook groups. Please note that these groups are unofficial, started and run by PriceLabs users (and not the company), ensuring unbiased discussions. Just search 'PriceLabs' on Facebook under 'Groups' to find them. Hope this is helpful! Warm regards, Ishani
10

Automation, and pricing software that save time to me a my team.

General Manager from 75-99 room Hostel in Miami (United States of America)

Verified
8 months ago
Super flexible software saves a lot of time in determining and setting your listing prices. Great guides by pricelab account manager
Country United States of America
General Manager
Large Hotel
Ishani from PriceLabs replied
Hello! Thank you for your feedback! We're glad to hear that we've been able to help you with your pricing and revenue management. You'll be pleased to know that we have a knowledge base with videos for almost every feature, accessible directly from within the app. Please check them out when you have the time and let us know if they are sufficient. Else, as you know we're always open to feedback and continuously strive make your experience even better! Warm regards, Ishani Team PriceLabs
10

A great experience

Revenue Intelligence Coordinator from 50-74 room Bed & Breakfast & Inn in Mexico City (Mexico)

Verified
8 months ago
Dynamic pricing, occupancy based price adjustment, buisness intelligence cases. It is very useful to leave pricelabs to do its thing when it comes to pricing.
Country Mexico
Revenue Intelligence Coordinator
Medium Hotel
Ishani from PriceLabs replied
Dear Carlos, Thank you for your review! We're delighted to hear that you've had a great experience with Pricelabs, particularly with dynamic pricing tool. We appreciate your feedback about the occasional screen freezing, and we've passed this along to the team. We look forward to your support and feedback as we continue to work on improving our platform. Warm regards, Ishani Team PriceLabs
10

We grew with PL from 1 property to 100

CEO from 100 to 199 room Vacation Rentals & Villa in Yerevan (Armenia)

Verified
8 months ago
Customizations and groupings open endless possibilities to maximize income. Recently customer support got better, and its almost instant. Account managers are amazing!
Country Armenia
CEO
Large Hotel
Ishani from PriceLabs replied
Dear Tigran, Thank you for your review! It's great to hear that Pricelabs has been by your side on your fantastic journey of growth. We appreciate your positive feedback about customizations, groupings, and our improved customer support. Regarding your feedback on user experience and performance the team is already working on this and we hope that soon our platform even better. Thank you once again for taking this time to provide your feedback and support. Warm regards, Ishani Team PriceLabs
10

Pricelabs is the best!

Owner from City Center Hotel in San Diego (United States of America)

Verified
8 months ago
I signed up with Pricelabs 3 years ago and they have been amazing. Through new platforms and new properties, they have always been there to make sure everything runs smoothly. Their customer service is out of this world and their product matches it. I can confidently say that my clients are getting a higher return because of this platform.
Country United States of America
Owner
Ishani from PriceLabs replied
Hi Chloe, Thank you for your wonderful feedback! We're thrilled to have you as a loyal customer for so many years, and look forward to the many years ahead. Your praise for our customer service and product is truly appreciated. Your suggestion about automated syncs is duly noted and passed on to the team! Thank you once again for your time, your support and for choosing PriceLabs. Warm regards, Ishani Team PriceLabs
10

Arguably, the best dynamic pricing tool

Revenue Manager from 500+ room in Montréal (Canada)

Verified
8 months ago
Pricelabs has been handling Multi Unit inventory in an excellent way for at least 4 years now and I personally don't believe there is a better tool out there if you have Multi Unit STR inventory. With a recent update to the product, you can now see how many of the Multi units are booked on a specific day, plus all the insight you get from t...
Country Canada
Revenue Manager
X-Large Hotel
Ishani from PriceLabs replied
Hi Javier! Thank you for your kind words! We're delighted to hear that you find Pricelabs to be the best dynamic pricing tool, especially for multi-unit STR inventory. Your positive feedback on our recent update and the insights it provides is much appreciated. If you ever have more thoughts to share, we're here to listen! Thank you once again for choosing us and for supporting us. Warm regards, Ishani Team PriceLabs
10

One of the best solution for small and big accommodation

Revenue Manager from 10 to 24 room Boutique in Camprodon (Spain)

Verified
9 months ago
First of all, Pricelabs helps me to not leave money on the table. The special dates with a high demand and high financial impact, which sometimes we are not able to analyze or see them on time. Helps me to save time, see data quickly , analyze the sales indicators and actuate on time due their algorithm and dynamic pricing recommendation.
Country Spain
Revenue Manager
Small Hotel
Ishani from PriceLabs replied
Dear Emilia, Thank you for your review! We're happy to hear that Pricelabs has been a valuable solution for your accommodation needs, helping you optimize revenue and save time. We appreciate your feedback on pricing, and we'll consider it as we work to enhance our services further. Thank you once again for your valuable time and for choosing PriceLabs. Warm regards, Ishani Team PriceLabs
10

No other software compares!

VP of Revenue Management & Markering from 100 to 199 room Boutique in Miami Beach (United States of America)

Verified
9 months ago
Whether you are brand new to revenue management or a tenured specialist the platform is simply incredible. There are so many options and features whether you want a simple strategy that you setup and let it run or if you want someone super dynamic, Pricelabs can do it all. I cannot speak the praises of the platform enough. We are beating ou...
Country United States of America
VP of Revenue Management & Markering
Large Hotel
Ishani from PriceLabs replied
Dear Parker, Thank you for your glowing review! We're humbled to be your preferred choice for revenue management, and are delighted to have contributed to exceeding your projections. We'll continue working hard to stay one step ahead and provide you with top-notch service. Your support means a lot to us! Warm regards, Ishani Team PriceLabs
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Expert Q&A and Partner Recommendations

Submit Recommendation
Question:

What does this product or service do well?

Answer:

PriceLabs integrates into our platform and the feedback has been overwhelmingly positive. The dynamic pricing model offered by PriceLabs has proven to enhance revenue streams and boost the competitiveness of listings managed through Hostaway.

Question:

What differentiates this product or service from the competition?

Answer:

The integration is seamless, and our users appreciate the intuitive interface and the depth of data analytics that PriceLabs provides. Moreover, the collaboration with their customer support team has been exemplary, ensuring that any integration issues are resolved swiftly.

Question:

Based on your experience with this product or service, if you could give one piece of advice to a hotelier considering this product or service, what would it be?

Answer:

I would ensure that they have strong connections with a PMS or Channel Manager and that the updates they make in Pricelabs appear in OTAs correctly and on time. This is a sign that the PMS/Channel manager has strong, official integrations with the OTAs. Also, every software is as good as the user is able to set it up. It pays to spend time ensuring that the pricing recommendation engine works for your specific type of property and market. The PriceLabs team has a ton of excellent documentation on how to best use their tools.

RecommendationAvatar RecommendationAvatar RecommendationAvatar + 2 recommend
Recommended by
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Maria Lopez Vice President of Product @ Hostaway
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Francisco Delgado Co-founder @ HostPal
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Mitch Foster Integrations and Partnerships Manager @ Hostfully
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Lucía Velasco Partner Support Manager @ Guesty
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Heather Richer Partner @ Richer Logic
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Maria Lopez Vice President of Product @ Hostaway
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Francisco Delgado Co-founder @ HostPal
RecommendationAvatar
Mitch Foster Integrations and Partnerships Manager @ Hostfully
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Lucía Velasco Partner Support Manager @ Guesty
RecommendationAvatar
Heather Richer Partner @ Richer Logic
Are you a consultant or vendor that recommends PriceLabs? Leave a recommendation

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

Verified Support

PriceLabs has opened their internal support tools and processes to Hotel Tech Report and has achieved the GCSC Support Certification which verifies the tools and processes they have in place to support customers.

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Response Time

Less than a day

Responsiveness

Excellent

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