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Review of PriceLabs

10
The Gold Standard in STR dynamic pricing tools
CEO from 50-74 room Extended Stay & Serviced Apartments in Houston (United States)
Verified
2 years ago
Products Reviewed
VR Dynamic Pricing
Revenue Management Systems
Rate Shopping
What do you like most?
Pricelabs is the best tool in the STR space for rate setting. Compare rates in the market (both hotel and short-term rentals) to determine the correct base price and strategy. Powerful customizations save time, especially when you are managing a portfolio of properties that are multi-unit. For example, you can create a custom matrix of occupancy vs. days to booking. This enables significant levels of automation in your revenue management. You can also weigh the algorithm more towards hotel or STR market data. On the reporting side, you can create a custom compset to analyze your performance vs. market. Their reporting and market intelligence tools are getting stronger and stronger, making it easier to ditch some market data subscriptions, making it even more budget friendly. Keep this in mind when planning your tech stack. Pricelabs has helps us deliver record results this year.
What do you dislike or think could be improved?
There's little to improve, mostly minor enhancements around the usability and UX. Perhaps some enhancements to the reporting could be a forecast function, e.g. based on how you're pacing and historical results.
5.0
Excellent
Ease of Use
5.0/5
Customer Support
5.0/5
ROI
5.0/5
Implementation
5.0/5

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