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What Is PriceLabs?

PriceLabs is a powerful revenue management & dynamic pricing platform for hospitality accommodations. Vacation rentals, hotels, aparthotels, RVs, and campgrounds use PriceLabs to optimize revenue, save valuable time and access the latest market data.

It integrates with Airbnb, Vrbo, and 100+ Property Management Systems (PMSs) and provides data-driven pricing recommendations coupled with flexible automation rules & customizations.

Founded in 2014, PriceLabs today prices over 350,000 units across 120+ countries and is available in 5 languages.

Who Uses PriceLabs?

Short term rental providers; Mid-term rental providers; Hotels; Apart-hotels; Hostels; Vacation Rental Hosts/ Managers of all sizes; Property Managers; Revenue Managers

PriceLabs Software - Set a base price of your listing. PriceLabs recommends base prices based on the type of property you have, and your local competition.
PriceLabs Software - Keep a tab on your future rates using the Pricing Calendar. See how customizations like occupancy based adjustments and demand seasonality is affecting your rates.
PriceLabs Software - Monitor the prices of your local competitors, and see how much are they charging for their property. Compare your occupancy against competitors in your immediate neightborhood.
PriceLabs Software - Measure the performance of your portfolio of properties, all together. Identify the performers and underperforming properties quickly.
PriceLabs Software - Dive deep into the historical performance of properties in your market with Market Dashboards. Filter down to a specific niche of competitor set, and track their performance.

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Reviews of PriceLabs

Average score

Overall
4.9
Ease of Use
4.6
Customer Service
4.8
Features
4.8
Value for Money
4.8

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001

Find reviews by score

5
92%
4
7%
3
1%
1
1%
Javier
Javier
Revenue Manager in El Salvador
Verified LinkedIn User
Hospitality, 11–50 Employees
Used the Software for: 1+ year
Reviewer Source

Alternatives Considered:

Love this Dynamic Pricing Tool

5.0 3 years ago

Comments: I recommend PriceLabs hands down. I've used other tools and this is the one I like the most by far.

Pros:

It is very easy to use and connect to their support PMS or even airbnb accounts. I love their multi calendar feature and that they support multi unit setup. The other dynamic pricing tools out there, do not support this. Also, their support is TOP NOTCH, can't say enough good things about them. They are super responsive, attentive, helpful, insightful, etc etc

Cons:

Maybe the UI, even though it was improved recently, I think it lacks behind other players. It's not bad though

Mark
Founder in US
Hospitality, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

Worth every penny

5.0 last year

Comments: I've used pricelabs since I had 4 properties to manage, and now we have 100 in our portfolio. It's seamless, and does ALL the work for you. I can't say enough about how valuable this software is, and how crucial it is to maximizing occupancy.

Pros:

Fully automates the process of adjusting pricing, this increasing occupancy and maximizing revenue.

Cons:

Not intuitive, but things this powerful rarely are.

PriceLabs Response

last year

Hi Mark, Thank you for taking the time to review us. We're thrilled to hear that PriceLabs has been with you for on your journey from 4 to a 100 properties! Our mission has always been focused on delivering value and helping our customers reach their goals - to boost occupancy at the best prices and save time while doing it, and we're glad that we've been able to help you in this regard. Thank you for bringing to our attention that our tool may not be as intuitive as we aim for it to be. We would like to understand more about your experience and how we can improve the usability of our tool. We request you to reach out to our support team via email at [email protected] or schedule a call with us, so that we may use your feedback to improve our user experience. We value your input and look forward to hearing from you soon. Thank you once again for choosing PriceLabs. Warm regards, Richie

Olivier
CEO in France
Investment Management Software, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Good product overall

5.0 last month New

Pros:

It sets prices and stays duration automatically

Cons:

I feel like pricing strategy may be optimized, as I’m quite often overriding suggested pricing

PriceLabs Response

last month

Hi Olivier, Thank you for taking the time to write this review. We are glad PriceLabs helped automate your revenue management operations. We also acknowledge your feedback on pricing recommendations and will work on improving the same. Wishing you all the best! Warm regards, Richie

Nancy
Manager in US
Hospitality, Self Employed
Used the Software for: 6-12 months
Reviewer Source

Too complicated.

3.0 2 years ago

Comments: It has been frustrating. I would like a better orientation on the product.

Pros:

They make price changes daily, which puts me higher on the search engine. They change pricing by current demand. We are able to select similar listings to be our comparable base.

Cons:

It is too complicated. The graphs try to present too much information on the same graph.

PriceLabs Response

last year

Dear Nancy, We're sorry to hear that you've had a less than pleasant experience using PriceLabs. We admit that our functionality, customisations and data can be overwhelming. Please reach out to your account manager or [email protected] and we'd be happy to take your through the functionalities that are causing stress and answer any questions that you might have. Thank you for taking the time to share your experience. We hope we'll be able to connect over call and help alleviate some of your stress with regards using the product. It will also give us a chance to understand your discomfort and use your feedback to see what changes we can make to our product and its functionalities. Thank you, Richie

Verified Reviewer
Verified LinkedIn User
Real Estate, Self Employed
Used the Software for: 1+ year
Reviewer Source

Alternatives Considered:

Great for revenue management of STRs

5.0 4 months ago

Pros:

PriceLabs was one of the very first softwares I incorporated into my business. I manage my own STRs and it has been instrumental in helping me automate my pricing. With PriceLabs, I've been able to achieve a high ADR and occupancy. Very organized and user friendly UI that's easy and intuitive. The customer service is also fantastic! I always get a response within 24 hours with a super detailed and helpful answer. An essential tool for all STR self managers!

Cons:

I sometimes find myself having to manually fine tune and update the prices for certain dates because PriceLabs isn't accurate.

PriceLabs Response

last month

Hello, Thank you for taking the time to share your review. We're thrilled to hear that PriceLabs has been instrumental in helping you automate your pricing and achieve a high ADR and occupancy for your STRs. We are constantly working to improve our rate recommendations and will continue to do so. Wishing you more STR success! Warm regards, Richie