Hello there, This month's updates are focused on helping you analyze your direct competition. We have added more ways for you to compare with properties similar to you by adding data about their cleaning fees and services fees.
You can also better refine who your direct competitors are with upgraded filter options, and know how you are priced compared to the other properties guests are looking at. |
This month’s updates: Improved Competitor Calendar and Future Prices Chart + New Filters in Market Dashboard |
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Join us for our monthly product updates webinar, where we’ll detail these new features, explain their benefits, and answer your questions. |
You will find a summary of our updates below. If you want more information, click below to read the detailed article. |
More Accurate Price Comparison in Competitor Calendar |
It's difficult to compare the recommended prices against your competitors on booking platforms like Airbnb. This is because of the additional fees and markups that get added on top of the nightly rate.
With the new features in our Competitor Calendar, located in the Neighborhood Data tab, you can now see your competitors' cleaning fees and host service fees.
You can also add markups (or markdowns) to simulate different pricing scenarios so that you can see how your final prices would be positioned against the market. Note that another feature within the Neighborhood Data tab, the Future Prices chart, can also display prices with such markups and markdowns.
Read more
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Compare Your Listing Price with Market-Booked Prices |
The Future Prices chart already shows the prices at which other properties in your market are listed. We’ve now added a new metric called the Market Booked Price, which represents the median prices (50th percentile) at which properties are being booked. It gives you a better idea of how your prices compare with what’s happening in the market.
Read more |
New Filters in the Market Dashboard Comp Sets |
To maximize the benefits of Market Dashboard, users can now create refined comp sets using new filters. The latest update includes new filters to customize your comp sets based on distance from the property, cancellation policies, and amenities such as BBQ grills. |
Hotres is the newest addition to the list of 100+ PMSs and channel managers that connect directly with PriceLabs. |
Training Sessions: Get the most out of PriceLabs |
Join Us in Person at Upcoming Industry Events |
Meet our team at an event near you and learn more about how PriceLabs can help your business succeed. |
Customer Story: $3,000 a month in additional revenue on just “last-minute bookings” |
Initially, Dolly Duran, an Airbnb Ambassador, used to manually research to set prices, which was exhausting. It also often resulted in getting very low prices, especially for last-minute bookings. With PriceLabs, Dolly saw a significant increase in future bookings and nightly rates, enhancing their overall revenue.
Read about Dolly's experience |
Ryan Luke, a.k.a. The Airbnb Guy, shows how you can better use PriceLabs' Portfolio Analytics to drive your business decisions and make more money with your short-term rental portfolio. Watch the YouTube Video |
We're Updating Our Online Terms
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At PriceLabs, our commitment to improving our service is ongoing. This includes periodic reviews of our terms and policies to ensure that they meet the needs of our community. We have important updates to our online terms that will take effect on May 23, 2024.
These revisions are designed to make our terms clearer, descriptive and compliant, ensuring you understand our processes and your rights. Importantly, they will not affect how you use PriceLabs, and you can expect the same level of service and experience that you have come to rely on.
Please review the updated Terms of Service at your convenience to stay informed. |
Best regards,
Your PriceLabs Team
P.S. - We are happy to share that PriceLabs has been selected by Hotel Tech Report in 2024 Hotel Tech Market Map |
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