Drive Revenue Growth with a Simple and Affordable Revenue Management Solution
- Maximize revenue by automatically optimizing room rates
- Save time by making changes to multiple room types in one go
- Keep track of your competition’s rates and pricing strategy
New PriceLabs users increased their RevPAR by 18% Year on Year
No credit card | No lock-in contracts | Easy and secure PMS connection
A complete hotel revenue management solution
Dynamic Pricing
Optimize room rates, increase occupancy, and drive higher revenue with our Dynamic Pricing tool
Rate Shopping
Track your competition’s latest rates and pricing strategy
Portfolio Analytics
Analyze the performance of your property and each room type via clear KPIs
Maximize your hotel revenue and occupancy
- PriceLabs factors in your property's occupancy, competitors' rates, and market demand while pricing your rooms to boost revenue.
- Leveraging data from Booking.com, among other sources, our algorithm - Hyper Local Pulse (HLP), selects the closest properties around your neighborhood to provide highly relevant price recommendations.
Save valuable time with bulk updates
- Automate repetitive hotel revenue management operations for tens to hundreds of rooms in one go.
- With the ability to create room types, group rooms together, and effortlessly apply changes across sets of rooms, managing your hotel’s pricing has never been simpler.
Automate competitor tracking
- Track current and future prices of your competitors and other nearby hotels with PriceLabs’ Hotel Data tab.
- Select from 5 up to 350 nearby hotel-like properties for price comparison based on data from Booking.com.
- Spot high-demand periods and even choose to influence your final prices based on your custom comp-set.
Customize and retain control of your pricing
- PriceLabs provides customization options so that your pricing strategy reflects how you operate your business.
- These customizations include automated pricing adjustments based on your property's occupancy levels, seasonal pricing, last-minute pricing, and minimum stay restrictions.
- You can also power your room rates with hotel data, short-term rental data, or a mix of both.
Analyze your performance from a single dashboard
- Visualize your portfolio-level reservation data with ready-made dashboards in Portfolio Analytics.
- Create, customize, and save reports that are tailored to your hotel and its different room types.
- PriceLabs' Report Builder brings together data from calendar, reservations, and market data - into one place.
Increase RevPAR and Occupancy with PriceLabs
Our users love 💖 PriceLabs!
Get Ahead of the Competition, Increase Revenue, and Save Time.
FAQ Section
PriceLabs Hyper Local Pulse algorithm helps maximize revenue by automatically calculating and adjusting room rates in real-time based on various factors such as market data, internal occupancy, seasonality, day of the week, lead time, and neighborhood demand for future events and holidays. This approach allows hotels to charge higher prices during peak demand periods and offer lower prices during low-demand times, ensuring maximum occupancy and optimizing revenue potential. PriceLabs’ dynamic pricing software for hotels is designed to be adaptable, providing hoteliers with the ability to customize their property’s pricing logic according to their needs and business goals.
Yes, you can customize the pricing strategies and settings in PriceLabs to fit your hotel’s specific needs. PriceLabs’ dynamic pricing software for hotels offers both simple and advanced customization options, allowing you to tailor your pricing strategy to reflect how you operate your business. Customizations include control over seasonality, demand aggressiveness, occupancy-based pricing, and far-out and last-minute pricing. Additionally, you can set your own prices using overrides, apply day-of-week pricing, create lead time discounts or premiums, and adjust event and holiday pricing. This flexibility ensures you can create a unique revenue strategy that aligns with your hotel’s objectives and market positioning.
PriceLabs integrates seamlessly with popular Property Management Systems (PMS) and channel managers, making it easy for you to connect and sync your prices across various platforms. PriceLabs is compatible with well-known PMSs such as Cloudbeds, Mews, Better Hotel, and Mini Hotel. By integrating with these systems, PriceLabs’ dynamic pricing software for hotels enables you to manage your property’s pricing strategy efficiently, ensuring that your room rates are up-to-date across all channels. This integration saves time and automates pricing tasks, allowing you to focus on other critical aspects of your business.
There are no additional costs or hidden fees involved in the 30-day free trial of PriceLabs. When you sign up for the trial, you’ll have access to all the features and benefits of the platform without the need to provide your credit card information. During this trial period, you can evaluate the platform and see its impact on your hotel’s revenue management strategy without any financial commitment. After the 30-day trial, if you decide to continue using PriceLabs, you will need to choose a subscription plan that suits your needs. The pricing details can be found on the PriceLabs website. It is important to note that there are no lock-in contracts, which means you can cancel your subscription at any time if you decide the platform is not the right fit for your hotel.
