PriceLabs Pricing, Features, Reviews & Alternatives

PriceLabs

Revenue management & dynamic pricing for vacation rentals

4.97/5 (73 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
Free
Free trial
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Australia, Brazil, Canada, China and 5 other markets, Germany, India, Japan, Mexico, United Kingdom

Supported languages

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PriceLabs screenshot: Get an overview of the portfolio’s performance on the dashboard with performance indicatorsSearch and FiltersPriceLabs 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 recommendationPriceLabs Tutorial: Set Custom Pricing
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PriceLabs user reviews

Excellent
71

Very good
2

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  5.0
  4.9
  4.8
  5.0
Chris D.

An easy way to gain detailed insight and control over your Airbnb pricing strategy

Used weekly for 2+ years
Reviewed 2021-04-05
Review Source: Capterra

It's a good product. I wouldn't run my Airbnb listing without having PriceLabs bolted on the side.

Pros
PriceLabs is very comprehensive with regards to the information you can derive from the system and the granularity of control it offers to users. I use it to manage a single Airbnb property - however, it looks very well organised in terms of its capabilities to handle multiple properties and sales channels (other than Airbnb). Very easy integration with Airbnb - seemless, smooth, just works!

Cons
I can't think of anything that's a strong 'not to like'. The point that is interesting is that it draws to your attention just how much you do have to think through your pricing - so there's a chance that all the options could appear overwhelming - but that's not being critical of the software, it's just making it clear how much control you have (and should learn to use).

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Brian T.

Best Vacation Rental Pricing System Available

Used daily for 1-2 years
Reviewed 2021-04-16
Review Source: Capterra

I am very pleased with PL overall. No complaints.

Pros
I have used competing systems and am very satisfied with PriceLabs. The level of customization is incredibly rich to the point that I can have a pricing strategy that leaves very little, if any money on the table. I am also very pleased with their pricing structure. They don't milk us on a percentage, but on a per unit rate, which comes out to a bit cheaper than the competing systems I have used in the past. The don't have phone support on demand, but are quick to respond to emails and can set up support calls with appointments. Very satisfied overall.

Cons
Due to the richness of the customization, there is a bit of a learning curve to figuring out how to best set everything up. As they have added features, the interface has gotten a bit cluttered. That said, once you understand how it all works, you have a very powerful tool in your hands. I also don't see much value in the marketplace dashboards. They are lacking more development. But the dashboards are not essential to the usefulness of the system as a whole.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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phil h.

All short term rental operators need dynamic pricing

Used daily for 2+ years
Reviewed 2020-05-09
Review Source: Capterra

Does its job well. It prices dynamically based on your custom rule set and historical data. It is not perfect and can be frustratingly slow when trying to make manual adjustments.

Pros
Uses historical data to set pricing for short term rental properties. During normal times this service saves a lot of time and maximizes profits. It has many rules allowing you to heavily customize pricing based on day of week, days in the future, and seasonality.

Cons
It doesn't sync pricing directly with VRBO which is one the top rental portals. The interface is slow when manually adjusting pricing. Syncing is limited to once every 5 minutes.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Nuno F.

Dynamic Pricing Software that will give you peace of mind regarding your rates

Used weekly for less than 6 months
Reviewed 2021-03-05
Review Source: Capterra

Knowing that my nightly rates are what they need to be compared to my competitors and market demand without spending endless hours analyzing rates has resulted in a huge savings of my time and allowing me to concentrate on other aspects of my business.

Pros
They are unique in that they match up your listings so that you are not charged per listing per platform like some of their competitors.

Cons
The UI isn't the greatest but once you're set up, you don't have to spend a lot of time using the software.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Manuel P.

Awesome tool

Used daily for 6-12 months
Reviewed 2020-04-21
Review Source: Capterra

After you understand the software it is a great tool to use. Cuts back on hours and hours of manually comparing prices and making sure we are positioned adoringly regarding the competitors. However to start using the SW it would be great to have a PriceLabs person hear you and help you set your initial stagy and explain the how the SW "reads" your inputs to generate it's outputs. Highly recommend it

Pros
Rely rely helpful, to make sure yield the maximum revenue for each property. It is very flexible to customize to our harts content / location specifics. Information about expected occupancy in the town and "real" information about already booked occupation for each day forward. Rely easy to visually see in % how well we are doing in the future. This time frame is also customizable, so we chose, 7 day, 30 days and 90 day, to easily see if we are OVER selling (too cheap) our UNDER selling (to expensive). Integration with our PMS was very simple also.

Cons
- Sold night, do not display the "correct" value that the unit was sold at. - Color scheme of information displayed (bule "cold" used for higher occupancy) - Base percentage history are not real values, of our apartment this year versus last nor versus the town. It's an estimate of what we have versus the changes we make. But none of this portrays reality.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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PriceLabs pricing

Starting from
$19.99/month
Pricing options
Free
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
Reporting/Analytics
Third Party Integrations

API (100 other apps)
Booking Management (177 other apps)
CRM (121 other apps)
Channel Management (92 other apps)
Electronic Payments (97 other apps)
For Vacation Rentals (97 other apps)
GDS/OTA Integration (107 other apps)
Housekeeping Management (111 other apps)
Inventory Management (101 other apps)
Online Booking (176 other apps)
Payment Processing (115 other apps)
Promotions Management (96 other apps)
Rate Management (112 other apps)
Reporting & Statistics (126 other apps)
Reservations Management (198 other apps)
Room Booking (130 other apps)

Videos and tutorials

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.