PriceLabs Pricing, Features, Reviews & Comparison of Alternatives

PriceLabs

Revenue management & dynamic pricing for vacation rentals

5.0/5 (28 reviews)

PriceLabs overview

What is PriceLabs?

PriceLabs is a revenue management tool for vacation and short term rental property managers which provides data-driven dynamic pricing and PMS integration. The data-driven PriceLabs approach allows users to gain insight into their business, as well as market and competitor pricing, in order to manage pricing with the aim of increasing revenue.

To help short term rental and vacation property managers control pricing, PriceLabs provides data-driven dynamic pricing suggestions based on predictions of future supply and demand, historical data, market trends, holidays, and more. PriceLabs automatically scans data from competitors to gather insight into market trends and demand, and provides data based on this information. If users do not agree with price recommendations or choose to override them, it is possible to customize pricing with full control over minimum and maximum prices, minimum and maximum stay rules, event or seasonal pricing, and more.

In order to ensure listing prices are always accurate and up-to-date, PriceLabs integrates with various property management systems (PMS) such as BookingSync, Airbnb, and Vreasy to facilitate continuous synchronization of prices. PriceLabs allows businesses to gain an overview of their portfolio’s performance with a customizable analytics dashboard which provides reports on listing performance, bookings, revenue, average price of bookings, and more.
pricelabs.co

Pricing

Starting from
$19.99/month
Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Asia, Australia, Brazil, Canada and 9 other markets, China, Europe, Germany, India, Japan, Latin America, Mexico, Middle-East and Africa, United Kingdom

Supported languages

English
PriceLabs screenshot: Get an overview of the portfolio’s performance on the dashboard with performance indicatorsPriceLabs Tutorial: Set Custom PricingPriceLabs screenshot: Review the price calendar with color-coding to indicate dates of high and low demandPriceLabs screenshot: Customize prices and discounts, a well as minimum stay settingsPriceLabs screenshot: View price data in a graph with current prices and recommended pricingPriceLabs screenshot: Reasoning is provided for each price recommendation Search and Filters

PriceLabs reviews

Excellent
28

Very good
0
Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  5.0
  4.9
  4.9
  5.0
Nathan Mitchell

Awesome Product & Great Service

Used daily for 6-12 months
Reviewed 2019-10-31
Review Source: Capterra

Pros
Pricelabs increased my overall annual revenue!

Cons
It can be a bit pricey, still, feel its worth every penny!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Nuno Torres

Top revenue management tool

Used daily for 6-12 months
Reviewed 2019-08-27
Review Source: Capterra

Pricelabs deeply impacted on our revenue. Our reservations increased more than 30% with this tool Support is great. Always available, even on week ends

Pros
Great for everyday use for updating prices on platforms Highly effective price management Easy synchronization with channel manager

Cons
Difficult configuration of costumizations for automatic updates There are 3 levels of configuration which is not easy understandable

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Anonymous

PriceLabs has the best support and algorithms for pricing

Used daily for 1-2 years
Reviewed 2018-01-24
Review Source: Capterra

Pros
I love that I can manage multiple listings at one time using the pricelabs software. It is so easy to use and has so many different ways to manage your pricing strategy. This is the best tool built for companies running or managing multiple listings. Their integrations with other sites and applications is simple to connect to. The cost to use pricelabs is fair and affordable. I highly recommend using pricelabs over any other pricing tool. Try it for yourself to see how easy it is.

Cons
I really like using pricelabs. If they were to improve anything it would be to improve the design of the user interface. But the functionality is there so really it does not bother our company much.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Kemal C

Excellent pricing tool for holiday rentals

Used daily for 1-2 years
Reviewed 2018-08-23
Review Source: Capterra

Pros
Amazing product and amazing support. Comparing to other pricing tools I experimented PriceLabs suggest much more dynamic prices. Other tools suggests very flat rates. You can also make use of gap availabilities by automatically reducing minimum stay requirements for the gaps. Support people are very quick to answer you in a very comprehensive way. It's hard to believe there are such people in the world but there are!

Cons
All is good, not possible to write anything negative about this product. However, PriceLabs please remember that we're delegating one of our most important aspects of our businesses, pricing, to you. So please keep working and making your tool even better!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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brian grooms

Solid. Best value price optimizer and has good integrations

Used daily for 6-12 months
Reviewed 2017-09-12
Review Source: Capterra

Automatic regular updates to all of my listings which helps with marketplace Channel SEO. Also obviously more optimized revenue capture.

Pros
The best is that PriceLabs Integrates with my other various software I use for my Vacation Rental Booking Manger service. Also the price point is great.

Cons
It under prices the biggest local events. But it is easy to over ride so isnt to big of a deal. It does not seem to accommodate weekly and monthly stay rates or discounts. PriceLabs does a good job in theory pricing nightly rates. But with short term and vacation rentals it is more appropriate to calculate a multiple night rate. Overall PriceLabs is awesome though, I understand it is not an easy task to do what PriceLabs is doing.

Response from PriceLabs


Thanks for your thoughts, Brian! We're constantly looking at feedback on how to make things even better for our users, and these inputs will go a long way!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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PriceLabs pricing

Starting from
$19.99/month
Pricing options
Free trial
Subscription
View Pricing Plans

Pricing depends on number of properties. No commission, price per listing goes down with volume.

PriceLabs features

Activity Dashboard
Calendar Management
Discount Management
Price Management
Third Party Integration

API (67 other apps)
Automatic Notifications (44 other apps)
Availability Management (52 other apps)
Billing & Invoicing (46 other apps)
Billing Rate Management (40 other apps)
Booking Management (114 other apps)
Channel Management (69 other apps)
Credit Card Processing (60 other apps)
Electronic Payments (52 other apps)
Invoice Management (49 other apps)
Multi-Channel Management (41 other apps)
Online Booking Integration (76 other apps)
Reporting & Statistics (67 other apps)
Reservations Management (91 other apps)
Room Booking (64 other apps)

Additional information for PriceLabs

Key features of PriceLabs

  • Yield management
  • Dynamic pricing
  • Price optimization
  • Fee / commission management
  • Calendar management
  • Customizable reporting
  • Data mapping
  • Data synchronization
  • Market research
  • Predictive modeling
  • Third party integration
  • Activity dashboard
  • Channels performance
  • Discount management
  • Market analysis
  • Price management
  • Revenue management
  • Sales trend analysis
  • Filtered views
  • Synchronous editing
  • Custom pricing options
  • Performance reports
View All Features

Benefits

Benefit from dynamic pricing management with visual graphs that show recommendations and trends compared with current pricing. Users can then review and customize price recommendations or create their own.

View a pricing calendar of recommended pricing with color-coding to indicate dates with low demand, normal demand, strong demand, and more, based on past and future supply & demand data and historic trends.

Specify minimum and maximum prices and stay rules using the dynamic pricing tool and minimum stay rules automation. Customize rules and settings depending on business needs.

Import listings for vacation and short term rental properties to the dashboard and manage an entire business portfolio from one place, with the ability to view performance indicators.

Integrate with PMS solutions such as Airbnb, BookingSync, and more to sync prices automatically across platforms daily or as soon as they are changed or updated.