PriceLabs
5.0 (41 REVIEWS)
HT Score
100 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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Learn how HotelTechReport uses millions of proprietary datapoints to rank the best hotel software in the world
Emmett, Katrina, Maria + 4 more experts recommend PriceLabs
Read RecommendationsPriceLabs
Ranked 1 (out of 6) in VR Dynamic Pricing
Increase revenue and optimize occupancy with our revenue management tool
100% recommended by 49 hotels
Arroyo Motel, The Castle Inn Hotel, City Hall Grand Hotel & 46 others
What is PriceLabs?
Founded in 2014 | Headquarters in Chicago (United States) | 106 employees
PriceLabs is a comprehensive revenue management system designed for hospitality accommodations such as vacation rentals, hotels, aparthotels, RVs, and campgrounds. Leveraging its Hyper Local algorithm, PriceLabs dynamically adjusts pricing to optimize revenue, particularly in over-supplied markets. The platform excels in managing pricing across large property portfolios, allowing users to efficiently fine-tune their revenue strategies with a high degree of customization and flexibility. These features help reduce occupancy gaps and provide real-time market intelligence, making it an invaluable tool for enhancing overall profitability.
Capabilities
Data-Driven Pricing
Data-Driven Pricing
We recommend prices based on market supply and demand, seasonal and day-of-week trends, special events and holiday predictions, and the number of days left to book.
Bulk Adjustments
Bulk Adjustments
Adjust prices in bulk using group and account-level customizations.
Minimum Stay Rules
Minimum Stay Rules
Cascading minimum stays keep min-stays higher further out and lower them as a date approaches. Set fixed minimum stays for holidays and the high season. Automatically reduce minimum stays to fill gaps in your calendar.
Flexible Customizations
Flexible Customizations
Choose the way you want PriceLabs to work for you. Set up custom pricing and minimum stay rules for each unit and property.
Track Performance
Track Performance
Track your properties’ performance with a real-time reporting system with KPIs like Occupancy Rates, ADR, RevPAR, and many more factors.
Features
Other
0/10 features
Available Add-ons & Modules
Portfolio Analytics
Business Intelligence
PriceLabs’ Portfolio Analytics is a free along with PriceLabs Dynamic Pricing tool that provides insights into the performance of the businesses through real-time reporting. Business owners and hoteliers can use it to analyze bookings and occupancy, giving them valuable insight into how their business is performing.
The tool enables users to create a customisable analytics dashboard, providing downloadable reports on listing performance, bookings, revenue, average price of bookings and more.
Market Dashboards
Business Intelligence
PriceLabs' Market Dashboard is a powerful market report and analysis tool for short-term rental property managers and investors. With customizable data views and daily updates, it enables users to stay informed about market trends, competitor pricing, and performance metrics.
PriceLabs Reviews Summary
Ease of Use
4.8/5
Customer Support
5.0/5
ROI
4.9/5
Implementation
4.9/5
Recommended by
Achievements
This vendor's trending score is rising, PriceLabs is the #1 most trending product in the VR Dynamic Pricing category (out of 6) and the #3 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
Learn morePriceLabs has opened its internal systems to Hotel Tech Report and earned the Verified Support Certification.
Learn more about this achievement in the official press releaseThis vendor has earned 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
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 worldRecommended for
PriceLabs 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.
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PriceLabs Case Studies
Nord Collection increased its revenue and average length of stay with PriceLabs
Copenhagen (Denmark)
Federica’s Hotels Increase Revenue by Up To 25% with PriceLabs
(United Kingdom)
Property Manager Willy Chang shares his experience with PriceLabs’ Hyper Local Pulse algorithm
Marbella (Spain)
Grand Welcome scaled quickly and entered new markets with PriceLabs
Torrance (United States of America)
References
"Using the features of PriceLabs, we managed to grow our average length of stay from 3.1 nights to 4.3 nights, an increase of almost 40%. In the same period, we grew the revenue of the same listings with 10%+, even though we had lesser (but longer) stays."
Christian Eriksen
Co-Founder @
NH Collection Copenhagen
"Since working with PriceLabs we have increased revenue, particularly in peak season. PriceLabs identified that we were selling rooms well below market rate for the time of year and we have seen REVPAR leap from £57.18 to £82.20 and ADR from £85.34 to £97.22. Very happy to have engaged with PriceLabs."
Steve Mitchell
Owner @
The Castle Inn Hotel
"Owning a hotel in a popular destination and competitive market, PriceLabs has given us the ability to stay on top of market demands. With many local events, seasons, and holidays, PriceLabs has helped keep our hotel consistently booked with competitive prices and makes the process seamless. Bravo!"
Maria Cloward
Tamarindo Bay Boutique Hotel
"It’s been an amazing journey. A great partnership, where the PriceLabs team has taken a lot of what we’ve asked for and implemented it; allowing us to be able to really scale our business as we’re continuing to grow rapidly and be efficient and making sure we’re getting into these markets not only fast and quick, but knowing that our pricing strategy is going to be sound."
Jonathon Supranowicz
Business Intelligence Manager @
Grand Welcome Vacation Rentals
"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."
Jennifer Lewis
Operations Manager @
Surf City Family Campground
Featured Customers
Popularity by Segment
Size
10 | X-Small (1-9 room)
10 | Small (10-24 room)
6 | Medium (25-74 room)
8 | Large (75-199 room)
10 | X-Large (200+ room)
Country
22 | United States of America
3 | France
3 | Spain
2 | Australia
2 | Italy
1 | Slovenia
1 | Finland
1 | Mexico
1 | Portugal
1 | Belize
1 | India
1 | Armenia
1 | Canada
1 | Israel
1 | United Arab Emirates
1 | Luxembourg
1 | Germany
1 | United Kingdom
Type
32 | Vacation Rentals & Villas
17 | Resorts
14 | Luxury Hotels
13 | Boutiques
10 | Bed & Breakfast & Inns
8 | City Center Hotels
7 | Limited Service & Budget Hotels
5 | Extended Stay & Serviced Apartments
4 | Branded Hotels
4 | Airport/Conference Hotels
3 | Motels
3 | RV Parks & Campgrounds
2 | Hostels
1 | Casinos
Region
24 | North America
14 | Europe
2 | Asia Pacific
2 | Oceania
2 | Middle East
1 | Central America
Category
41 | VR Dynamic Pricing
39 | Revenue Management Systems
18 | Rate Shopping
More Products by PriceLabs
Hotelier Rating
Hoteliers say
NEW AI Review summary
Hoteliers like how PriceLabs leverages its Hyper Local algorithm to optimize revenue in over-supplied markets and the ability to manage pricing efficiently across a large property portfolio. Customizations and flexibility are key strengths, aiding in fine-tuning revenue strategies. Yet, usability challenges like the steep learning curve and interface issues are noted. As a comprehensive Revenue Management System, PriceLabs enhances revenue, reduces occupancy gaps, and offers insightful market intelligence, though improvements in historical data access and automation could benefit users.
AI-generated from the text of customer reviews
Looking for specific info?
10
Excellent tool to improve the performance and productivity of a hosting
Reservation manager from 200 to 499 room Vacation Rentals & Villa in
Verified
6 days ago
10
The Gold Standard in STR dynamic pricing tools
CEO from 50-74 room Extended Stay & Serviced Apartment in Houston (United States of America)
Verified
10 days ago
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 occu...
United States of America
United States of America
CEO
Medium Hotel
10
Couldn't do it without Pricelabs Dynamic Pricing
Hotel Owner from 5 to 9 room Bed & Breakfast & Inn in Muskegon (United States of America)
Verified
2 months ago
I feel confident that my prices are on par with my competitors with so much of the guesswork taken out. Love the many different options to adjust different aspects of my hotel's pricing, the settings are endless.
United States of America
United States of America
Hotel Owner
X-Small Hotel
10
Property Manager Willy Chang shares his experience with PriceLabs’ Hyper Local Pulse algorithm
Co-owner, Marbella Lane Vacation Rentals from 200 to 499 room Bed & Breakfast & Inn in Marbella (Spain)
Verified
3 months ago
We have properties in over-supplied markets, and the Hyper Local algorithm is getting so accurate to address these over-supply situation. A day is already here whereby you could go empty at-least 50-60% of the calendar, and only 3 days you get booked. So you have to be that good to get those 3 days. PriceLabs truly, truly addressed this for...
Spain
Spain
Co-owner, Marbella Lane Vacation Rentals
X-Large Hotel
10
Property Manager Willy Chang shares his experience with PriceLabs’ Hyper Local Pulse algorithm
Co-owner, Marbella Lane Vacation Rentals from 200 to 499 room Bed & Breakfast & Inn in Marbella (Spain)
Verified
3 months ago
We have properties in over-supplied markets, and the Hyper Local algorithm is getting so accurate to address these over-supply situation. A day is already here whereby you could go empty at-least 50-60% of the calendar, and only 3 days you get booked. So you have to be that good to get those 3 days. PriceLabs truly, truly addressed this for...
Spain
Spain
Co-owner, Marbella Lane Vacation Rentals
X-Large Hotel
10
PriceLabs makes managing 2 Florida Airbnbs a breeze!
Product Manager from 1 to 4 room Vacation Rentals & Villa in Siesta Key (United States of America)
Verified
3 months ago
I like the flexibility and customizations that are available in the product. I appreciate their education efforts - videos and tutorials, as well as outstanding customer support.
United States of America
United States of America
Product Manager
X-Small Hotel
10
This absolutely helps me generate more revenue with pricing strategies that I can set and forget.
Owner from 10 to 24 room Limited Service & Budget Hotel in Montpellier (France)
Verified
4 months ago
All I really have to do now is look at my base pricing once a week & adjust appropriately. A lot of the hard thinking happens on the front end, understanding the software and creating my strategy based on what is possible. Once that was done, I have been able to easily tweak as needed.
France
France
Owner
Small Hotel
10
Great software, fantastic support team!
Marketing Manager from 10 to 24 room Vacation Rentals & Villa in Belmopan (Belize)
Verified
10 months ago
- Market occupancy comparisons, listing health, assistance with selecting base price, quick syncs, saves so much time, easy to analyse
Belize
Belize
Marketing Manager
Small Hotel
10
Great software, fantastic support team!
Marketing Manager from 10 to 24 room Vacation Rentals & Villa in Belmopan (Belize)
Verified
10 months ago
- Market occupancy comparisons, listing health, assistance with selecting base price, quick syncs, saves so much time, easy to analyse
Belize
Belize
Marketing Manager
Small Hotel
10
Best in class tech and best in class support.
Founder at TheBluekite from 10 to 24 room Boutique in Nerul (India)
Verified
10 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...
India
India
Founder at TheBluekite
Small Hotel
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Expert Q&A and Partner Recommendations
Submit Recommendation
Question:
What does this product or service do well?
Answer:
Very powerful product that allows property managers to implement dynamic pricing, and compare their rates to the market. Great to work with from an integration perspective and always provided great support and marketing opportunities.
Showing all answers to: "What does this product or service do well?"
Very powerful product that allows property managers to implement dynamic pricing, and compare their rates to the market. Great to work with from an integration perspective and always provided great support and marketing opportunities.
PriceLabs is incredible in the way they are data driven! Their interface is user friendly, and they staff are incredible to work with. They offer great education and support to their customers and I'm proud to work with them. Lastly, PriceLabs integrates with our software seamlessly for a great PMS experience.
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.
It provides HostPal with the capabilities to set daily pricing based on a broad and dynamic set of data .
It is customizable
It is user friendly
The dasboards provide a very "clean view" of where to focus your efforts on.
PriceLabs serves multiple needs for our customers and is a highly functional integration. The dynamic pricing model assists in maximizing revenue by adjusting rates based on supply and demand, seasonality, and local events. The interface is user-friendly, offering a simple yet comprehensive dashboard with a variety of useful data at a glance. Customer support is attentive and the customizable pricing strategies have proven invaluable in different market conditions. Newcomers might find the myriad of settings and options slightly overwhelming initially. With a bit of a learning curve, it becomes a potent tool for smart pricing solutions in the hospitality industry.
Question:
What differentiates this product or service from the competition?
Answer:
Compared to other revenue management systems we've integrated with, PriceLabs gives the user more control over the pricing algorithms, the integration itself was easier, and they provided better support for both us and our mutual users.
Showing all answers to: "What differentiates this product or service from the competition?"
Compared to other revenue management systems we've integrated with, PriceLabs gives the user more control over the pricing algorithms, the integration itself was easier, and they provided better support for both us and our mutual users.
I have to say the way they are data drive and the support/education they provide their customers. PriceLabs has leading data technology that provides accurate pricing information including taking holiday, events, and the time of year into consideration. Pricing recommendations are also available daily so you can adjust your pricing accordingly!
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.
I have not used competitors product but I want to highlight the excellent service an support we receive from Richie Khandelwal and Daniel Zammata. They make us feel important and have been key for our improvements,
I feel PriceLabs is a commonly mentioned name in the industry and one of the most adopted tools. Its algorithm is intelligently analyzing multiple factors in real-time to optimize pricing, such as market demand, seasonal trends, and local events. The platform provides extreme flexibility with its rules and customization options. I personally like the "mid-term rental" option since my own portfolio consists of this. While maintaining a user-friendly interface, PriceLabs also ensures consistent, robust performance, even during peak usage times, providing reliable, tech-forward pricing solutions in a competitive market.
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:
Invest the time to understand the part PriceLabs plays in your overall rate management strategy, and how to set up your rules to maximize your rental income while staying within your desired parameters like minimum nightly rate and stay length. The only negative feedback we've heard is from clients who expected "magic" and did not take the time to learn how it worked.
Showing all answers to: "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?"
Invest the time to understand the part PriceLabs plays in your overall rate management strategy, and how to set up your rules to maximize your rental income while staying within your desired parameters like minimum nightly rate and stay length. The only negative feedback we've heard is from clients who expected "magic" and did not take the time to learn how it worked.
Watch the demo if you are on the fence about purchasing the product. You'll see first hand how the data will provide you with accurate and competitive pricing in your rental area. Additionally, if you are using a property management system you will probably be able to integrate PriceLabs into it! How convenient is that?
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.
Make sure you have the right kind of personnel tu use the tool. They need to be tech savy and analytical. They also need to be very disciplined in the setup and dally managment in order to make the best use of the Procelabs Dynamic Pricing.
Embrace PriceLabs’ comprehensive yet user-friendly platform and take full advantage of its customizable pricing strategies. Ensure to allocate time for your team to learn the tool’s myriad features and possibilities thoroughly, enabling you to optimize its powerful dynamic pricing algorithms for maximizing your property's revenue throughout varying market conditions
Recommended by
Emmett Hawkins
Product Lead
@
BrightSide
Katrina Montgomery
Training & Development Lead
@
LiveRez
Maria Lopez
Vice President of Product
@
Hostaway
Francisco Delgado
Co-founder
@
HostPal
Mitch Foster
Integrations and Partnerships Manager
@
Hostfully
Emmett Hawkins
Product Lead
@
BrightSide
Katrina Montgomery
Training & Development Lead
@
LiveRez
Maria Lopez
Vice President of Product
@
Hostaway
Francisco Delgado
Co-founder
@
HostPal
Mitch Foster
Integrations and Partnerships Manager
@
Hostfully
Lucía Velasco
Partner Support Manager
@
Guesty
Heather Richer
Partner
@
Richer Logic
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Posts
PriceLabs
3 months ago
Nord Collection increased its revenue and average length of stay with PriceLabs
PriceLabs
3 months ago
Federica’s Hotels Increase Revenue by Up To 25% with PriceLabs
PriceLabs
3 months ago
Property Manager Willy Chang shares his experience with PriceLabs’ Hyper Local Pulse algorithm
PriceLabs
11 months ago
Grand Welcome scaled quickly and entered new markets with PriceLabs
PriceLabs
11 months ago
PriceLabs Unveils Breakthrough Release
PriceLabs
1 year ago
PriceLabs Launches Spanish-Language Version of Its Dynamic Pricing and Revenue Management Software
PriceLabs
1 year ago
PriceLabs' Pacing Reports Let Hoteliers, Vacation Rental Managers, and Hospitality Pros Research Their Markets in Minutes
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.
PriceLabs Integrations
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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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