PriceLabs Pricing Plan & Cost Guide

PriceLabs

Revenue management & dynamic pricing for vacation rentals

4.96/5 (78 reviews)

PriceLabs Pricing

Starting from: $19.99/month

Pricing model: Free, Subscription

Free Trial: Available

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

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PriceLabs Pricing Reviews

Pros

  • I love the ease of use but more importantly, I love the impact it has had on the health of my business and driving revenue and overall client happiness.Peter P.Read the full review
  • The ability to customize prices for certain seasons and the amount of flexibility with different pricing and minimum stays is fantastic.Gregory E.Read the full review
  • We were happy with the functionality, reliability, and excellent customer service.David A.Read the full review

Cons

  • It helped much last year during the first C-19 crisis.Renata R.Read the full review
  • I was very skeptical paying money for service that I really didn't know much.Arturas V.Read the full review
  • I also don't see much value in the marketplace dashboards. They are lacking more development.Brian T.Read the full review
100%
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25 reviewers had the following to say about PriceLabs's pricing:

Sylvain B.

Very happy

Used daily for 6-12 months
Reviewed 2017-05-23
Review Source: Capterra

Pros
easy to use, much cheaper compared to concurrence. It's really saving a lot of time and improving income

Cons
I don't see any problems, of course for some very high demand dates prices are a little too low but I am adapting myself

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Pauline F.

Great in theory, UX can be a little confusing

Used daily for less than 6 months
Reviewed 2021-05-27
Review Source: Capterra

Overall I'll continue to use it because I like the pricing algorithms, however I don't know if I see the value long term. Some of the pricing seems overboard (ex: $700 a night seems very high?). I wish it was more affordable or I'd have all 10 of my properties up with Pricelabs, but it adds up and I don't fully see the value quite yet.

Pros
I love the pricing algorithms that it uses comparing vacancies in the area, other pricing in the area, etc. I trust that these prices are on point with what the market is saying, and I'm getting the highest booking amounts vs when I used to price them myself.

Cons
It's confusing and not very user friendly. It's also extremely expensive if you have multiple listings. It doesn't seem very straight forward or easy to understand, so all I use is the basic pricing & synching, but notice all of the other features. They just seem confusing and not very straight forward. I'll continue to use it for a few more months just because the pricing is impressive, but I think it should be able to sync itself every 2 hours, not every 14 hours.

Rating breakdown

Value for money
Ease of use
Features

Likelihood to recommend: 7/10

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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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Elliott O.

Excellent Value

Used weekly for 6-12 months
Reviewed 2017-11-03
Review Source: Capterra

Pros
Dynamic pricing at a very affordable price. We say 20%-30% increases in our revenue during peak season this summer. Cost of the software more than pays for itself!

Cons
Initial setup is easy, but fully utilizing all the bells and whistles takes a bit of a learning curve.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Kay S.

The best pricing software around!

Used monthly for 1-2 years
Reviewed 2019-12-31
Review Source: Capterra

PriceLabs is far better at setting prices for my vacation rental than the listing software's price tips, which are consistently low. While it took some time and study to learn how to set up my listing, once it was set up, it didn't need much watching. My income increased and my workload decreased. Customer service is very prompt and clear. It is definitely worth the price.

Pros
Using PriceLabs significantly increased my income from my vacation rental property. Also, while it is complex, once you understand all the options and get it set up, it pretty much runs itself and you only need to keep an eye on it, not do the heavy lifting.

Cons
While my income increased significantly, my prices kept going up (I was heavily booked) and eventually got to the point that my guests started giving me 4s on value. I had not set a maximum allowed price because I didn't think about that happening. Once I set a maximum price, I stopped getting dinged on value.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Jenn S.

A great product and outstanding customer support

Used monthly for 1-2 years
Reviewed 2021-04-19
Review Source: Capterra

Extremely helpful with getting through the roller-coaster lows and highs of the pandemic. So thankful for the webinars and customer support teams! I've tried other products and PriceLabs continues to impress.

Pros
Dynamic pricing for multiple listings all in one place. Custom setting/tools for peak dates, excelling customer service/support. Valuable free webinars offering tips, tricks, trends, and always willing to answer questions, offer support. A great value for the price.

Cons
As a professionally trained Graphic Designer, the User Interface could use a facelift. From a usability standpoint, the functionality is solid it just could be laid out in a more user-friendly way. Tooltips are always present and very helpful.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Amber M.

Property Manager

Used daily for 1-2 years
Reviewed 2021-04-15
Review Source: Capterra

I have tried other platforms, but Pricelabs has been able to come through for us with competitive pricing..

Pros
The affordable cost for how powerful this pricing tool is. Pricing is spot on. I discovered I was leaving money on the table. I manage a high dollar rental and PriceLabs pushed the envelope and I am booking my property at prices I did not realize I could command from $800/night to $900/night. PriceLabs even suggesting $1200-$1400/night in it's projections. I set a minimum nightly price and let PriceLabs set the base and highest recommended price.

Cons
Setting up and understanding functionality. However, I found many videos on Youtube that helped a ton.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Omar W.

Can't beat for the price

Used daily for 2+ years
Reviewed 2021-07-07
Review Source: Capterra

Pros
The price and the overall value is hard to beat!

Cons
Definitely not the most user friendly. For individuals who are not as computer savy there is a learning curve.

Rating breakdown

Value for money
Ease of use
Features

Likelihood to recommend: 9/10

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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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Stuart F.

Maximising Income Easily

Used daily for 2+ years
Reviewed 2020-07-25
Review Source: Capterra

Pricelabs have grown from being a good basic software package 5 years ago to a critical core of the way in which we price and operate our business.

Pros
I love the flexibility and feedback on how best to optimise our pricing, maximising our income. The visual red/orange/green indicators at a glance enable us to adjust our base price in line with market trends. Additionally I can tailor our pricing for local spikes in demand. Using the software now for 5 years nearly, I love the way new features are being developed and implemented.

Cons
PriceLabs is not the least expensive on the market although its functionality justifies the price.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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John L.

Excellent dynamic pricing software

Used daily for 6-12 months
Reviewed 2019-07-18
Review Source: Capterra

Pros
This product is very sophisticated and a tremendous value. Very powerful yet flexible, clear and easy to understand and use. We have saved hours of manual work every week and also improved sales with our spot-on pricing. Customer service has been outstanding whenever we had a doubt. Excellent price/value.

Cons
Not much to criticize. Pricing is a complicated subject, the initial learning curve is short and steep.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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David C.

Excellent & Fairly Priced Dynamic Pricing for Sophisticated PMs and Owners

Used daily for 6-12 months
Reviewed 2019-02-26
Review Source: Capterra

Pros
The VR product landscape is littered with ancient technology, brittle tools and expensive percentage-based pricing. PriceLabs is modern, flexible and fairly priced. It's improved our workflow by eliminating manual rate updates and allowed us to market and price our properties in ways that wouldn't be possible without a true yield management tool. We thought we were experts at setting our rates but PriceLabs has often offered insights that have allowed us to monetize even more efficiently. We're thrilled!

Cons
No cons but very much looking forward to Booking.com integration.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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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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Luiz G.

For those who want a professional price adjustment

Used weekly for 2+ years
Reviewed 2021-04-19
Review Source: Capterra

Pros
Many features are available to automate the price management process, with a great price calculation algorithm.

Cons
Lack of analysis of the property's performance over the past few months.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Nuno T.

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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Polivios C.

Very Helpfull for pricing and occupacy trends

Used daily for 1-2 years
Reviewed 2020-05-28
Review Source: Capterra

SUper Happy

Pros
I really like the every day pricing fixing and all the tools and options so you can custom. It saved me a lot of time. Price recommendations are very close to the real prices you can get form guest. Comparing to Airbnbs Smart pricing, Pricelabs is miles better. Definitely recommend

Cons
not having booking.com . I actully stop using booking.com beacause its not supported from Pricelap. It is not worth the hustle to chance manualy all the prices every day and adjust discounts etc

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Craig G.

Excellent service from our rep

Used daily for 6-12 months
Reviewed 2018-11-21
Review Source: Capterra

I highly recommend price labs. Once you learn the system it is awesome and I believe it generates greater returns for property hosts.

Pros
There are a lot of customizations, and there was much greater range of pricing as compared with competitors. I believe this made me more money as Price Labs knew the market well and priced accordingly to maximize revenue.

Cons
There are so many features it takes a while to understand them, however customer service was always quick to respond to my questions.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Thomas A.

Thank You PriceLabs

Used weekly for 6-12 months
Reviewed 2020-08-06
Review Source: Capterra

Really enjoy ease of use, great analytics and subscription price.

Pros
I am a very busy individual and am tasked with running four different businesses. The great tools from Analytics to Market Dashboards where I can compare Future Looking , LOS and Lead Time, Amenities and Policy and Fees of my competition at a glance is key to running a successful vacation rental business and PriceLabs has it all, plus.

Cons
The three different Menu listings at top of Software. Dynamic Pricing, Market Dashboards and Account. Seems clunky to me. Why not put them all in one menu option.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Glen R.

Great Service and accuracy

Used weekly for 2+ years
Reviewed 2020-05-03
Review Source: Capterra

Pros
Software pricing is accurate based on my location.

Cons
Interface can be a little bit easier to navigate.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Veronica C.

Great pricing app

Used weekly for 6-12 months
Reviewed 2021-08-26
Review Source: Capterra

Pros
I never have to worry about pricing anymore.

Cons
It is a little pricy and it needs a little human assistance.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Mark William A.

Realistic dynamic pricing

Used weekly for 1-2 years
Reviewed 2018-05-18
Review Source: Capterra

Pros
I love the customizable options for minimum night requirements that roll on each day - its great filling up my calendars with longer stays but still being able to fill in the gaps with short stays automatically. The price point Pricelabs sets seems achievable. I've used a few other pricing tools and they set the price way to high that I recieve no bookings. Setting a minimum, base and maximum price really helps with this.

Cons
Would be great if it could syncronise directly with my channel manager, Uplisting and be able to control the minimum night stay requirements for other channels than Airbnb.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Alex H.

Great Pricing Software!

Used daily for 6-12 months
Reviewed 2019-02-05
Review Source: Capterra

Pros
easy to use and automatic once it's set up.

Cons
Not much guidance on the pricing rational.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Hector S.

Great pricing software

Used daily for less than 6 months
Reviewed 2021-04-26
Review Source: Capterra

Great pricing software I think I am going to keep using it

Pros
Great for taking demand into consideration and great connection with my primary software that is yourporter.

Cons
You have to be very cautious with the price, because it doesn't manage itself, you still have to check it regularly and change things on a regular basis.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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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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Jasmin W.

PriceLabs is a great time saving tool

Used daily for less than 6 months
Reviewed 2020-08-01
Review Source: Capterra

Pros
Its was easy to set up and it helps with pricing my property accurately.

Cons
I doesn't update market data as fast as I would like.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 8/10

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