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Revenue management & dynamic pricing for vacation rentals
119 reviews
Recommended
Peter G.
Real Estate, self-employed
Used daily for 6-12 months
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Great price and easy to use.
I love the hands off approach with this software. I added PriceLabs and this has increase my revenue and made the pricing management much easier.
None that I can think of. The app has everything I need.
Bram K.
Real Estate, 1-10 employees
Used daily for 1-2 years
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Easy to use Result Good Support Worth the time and effort
Harder to get into Needs some explanation
Daniel B.
Hospitality, 1-10 employees
Used daily for 6-12 months
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productivity
Simple and Easy to use software compatible with many systems and integrations, professional customer service and support
No Cons only Pros, maybe the dashboard can look nicer, more modern, sometimes the site lags when going from one property to another.
Bruno S.
Real Estate, 1-10 employees
Used daily for 6-12 months
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It is now more than 6 months we are using PriceLabs revenue management software and are really happy with it. Base product is excellent itself and in plus of that they tailored it on our specific market with an amazing outcome in terms of occupancy. Good job guys.
No pros were added to this review
No cons were added to this review
Hi Bruno - Thanks for the great feedback you've had towards improving PriceLabs!
Gian R.
Verified reviewer
Hospitality, self-employed
Used daily for less than 6 months
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Pricelabs has been awesome for managing the pricing and availability settings across my short term rental platforms. I have complete control of the guardrails and can easily adjust the base price to factor in the unique seasonal qualities of my rental. The ability to integrate across my 3 rental platforms put this platform on top. Definitely worth the subscription for the added revenue and ease of use!
I think this software is great and I don't see much room for improvement. Maybe having more local market insights would be a plus.
Sylvain B.
Used daily for 6-12 months
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easy to use, much cheaper compared to concurrence. It's really saving a lot of time and improving income
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
Mark S.
Real Estate, 1-10 employees
Used weekly for 6-12 months
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PriceLabs has made me so much money with their automatic pricing tool. I never have to think about how I should price my Airbnb for various events coming into town because it’s all handled automatically. Sometimes there are big events happening that I don’t even know about, and now I don’t need to! Their monthly fee is an absolute steal for the value that I get.
I wish PriceLabs had an app so it was easier to adjust my settings on the go. Their website is just a few more clicks away than an app would be.
Stephanie F.
Hospitality, self-employed
Used daily for less than 6 months
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From day one, customer support has been FANTASTIC!! I am always helped quickly and always made to feel important.
PriceLabs is a time saver. Where I used to spend hours pricing out weekend, high demand, holiday and special event pricing, PriceLabs does the work for me. Now, I can spend more time on marketing my business.
The software has more features than I will probably use. I also love that they are continually updating the product.
Blake S.
Real Estate, 1-10 employees
Used daily for 6-12 months
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Pricelabs saves you time and make you more money!! The daily syncing of the prices and constant price checking is amazing!
I have no complaints, truly worth the money!
Leyla S.
Hospitality, 11-50 employees
Used weekly for 6-12 months
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While it took a while to get all of the parameters set up the way we wanted, once we did, this software has saved us SO much time and has increased our revenue significantly. After the initial set-up, we need only invest about 30 minutes a week in pricing our 30+ listings whereas before (pre-pricelabs) we were spending over 45 minutes a day.
We wish there was a function that would allow us to calculate the projected revenue based on currently set prices. We had to manually calculate everything which was extremely time consuming.
Jenn S.
Hospitality, self-employed
Used monthly for 1-2 years
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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.
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.
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.
Renata R.
Hospitality, self-employed
Used weekly for 1-2 years
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it a bit expensive for my business size, but the return is great. it helped much last year during the first C-19 crisis
It gives tools and instruments to compare own trends to competition, everything that is not usually available to very small business pay per use great support, great tools to build up one's knowledge
it swept out a free functionality to upsell
Mary P.
Hospitality, 1-10 employees
Used weekly for 6-12 months
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Pricelabs has been a valuable tool in helping us make the best seasonal decisions for our listing. We are provided information and guidelines specific to our market which gives us relieving confidence as we manage our property.
The help in choosing the base price and the ability to compare rates with other listings in our area.
I have no background in marketing analysis and have needed help in understanding the features. But the support team has always done their best to help me and, honestly, they are the what I like best about this software.
Jenna B.
Medical Devices, 5,001-10,000 employees
Used daily for less than 6 months
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Great!
I love that is capitalized on busy and high demand weekends. It also updates my pricing to keep my listings at the top of the algorithm with people searching. It gives me an idea of what others are charging without me having to do the research.
I would like there to be an app. It’s inconvenient to log onto the website every time. Also, I don’t feel like I’m using the software to the full extent. Community support and webex training options being sent out regularly would be helpful.
Matt T.
Information Services, 1,001-5,000 employees
Used monthly for 1-2 years
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Pricelabs was great for me while I was running an airbnb. The product actually improved every few months with new features. The best improvement was the adjustment to seasonality which was very hard to program. In the end, It saved me a lot of time and I believe increased my occupancy rate by lowering prices closer to arrival dates and increased my earnings by increasing during times of higher demand. I plan to use this again when/if I re-open
At first they didn't have the functionality I needed for seasonality. We had much higher (5-10x higher) earnings during the fall months than during the winter months, but they corrected that after a lot of feedback. So not a con anymore
Anthony K.
Hospitality, 1-10 employees
Used daily for less than 6 months
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Unbelievable customer service... we are small, but they make us feel important and needed.. although we cannot actually afford the software at the moment, they have helped us to keep going by listening and adapting to our needs.
The software is easy to use for average tech skills. It was easy to link with PMS and also to configure the property specific tweaks. Also enjoy the How To videos for the features, very helpful
Not really - only wish that reports were not a paid for extra, but that they would be provided free of charge.
David A.
Hospitality, 1-10 employees
Used daily for 6-12 months
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We were happy with the functionality, reliability, and excellent customer service.
Turning off the listings was a bit unclear
Megan W.
Real Estate, 1-10 employees
Used weekly for 1-2 years
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I love that PriceLabs does the heavy lifting for me. Their software allows me to easily see how my competitors are pricing their listings to ensure I'm staying competitive but not too low.
Confusion on best set up and if I should use seasonal. Would love a 1:1 p hone call
Anonymous Reviewer
Verified reviewer
Hospitality, self-employed
Used weekly for less than 6 months
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Overall, it is well worth it as my nightly price has steadily increased.
Helps one increase their income by allowing the price to be continually updated to capitalize on higher demand and even with lower demand.
The user interface is not the most appealing and some features are jars to find.
Brian H.
Hospitality, 1-10 employees
Used weekly for 1-2 years
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Seen a 30% increase in rates compared to my manning manually of pricing.
Dashboard is all inclusive to give a quick view of pricing. Quick changes. Easy to use. Return on investment is high. Couldn't imagine running my business without it.
Needs an iOS version for easier changes
Steven B.
Real Estate, 11-50 employees
Used daily for less than 6 months
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PriceLabs helped me to confidently launch my first short term rental unit, and we are set to begin hosting two more of our units in the next few weeks.
The "Neighborhood Data" section is amazing. You can see exactly what the competition is doing, day by day, or any time period. The "Calendar" section, lets me know micro trends, and adjusts the pricing for my units accordingly.
So far, there is nothing we do not like about this software.
Brandon L.
Real Estate, 1-10 employees
Used daily for less than 6 months
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Fantastic software. The pricing they use is scary accurate and has increased my short term rental profitability by 20%.
Ease of use. Because it automatically syncs to all my calendars I don’t worry about manually pricing any of my dates. This was the most important part of my daily operational duties, outside of cleaner arrangements. Pricelabs took all of that work off my hands.
None really. I would like to see a mobile app though.
Alyssa A.
Real Estate, 1-10 employees
Used daily for less than 6 months
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8/10
Software helps keep pricing consistent amongst my various hosting platforms while also doing price variances so I don't have to manually do it.
Not very straight forward. I still feel a little behind on understanding the software and the only "help" they offer is one on one skype coaching sessions. I'd rather have videos I can watch or easy tutorials online instead of having to schedule time with someone.
Gregory E.
Hospitality, 1-10 employees
Used weekly for less than 6 months
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The overall experience so far as been fantastic. I have had my ADR increase far beyond what I could have expected on multiple properties along with getting calendar booked up for longer stays further out in the future which decreases the number of turnovers and increases margins. I really can't say enough positive things about this product. I try not to think about how much easier and more lucrative the last few years would been had I been using PriceLabs.
The ability to customize prices for certain seasons and the amount of flexibility with different pricing and minimum stays is fantastic. I have a feeling I've only scratched the surface of what all this robust software is capable of doing but it has already proved itself to be irreplaceable.
No cons so far. I look forward to learning even more of what it's capable of doing
Alex H.
Verified reviewer
Real Estate, 1-10 employees
Used daily for 6-12 months
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easy to use and automatic once it's set up.
Not much guidance on the pricing rational.