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What is PriceLabs?

PriceLabs is an innovative and easy-to-use revenue management tool for the short-term rental and hospitality industry. With a data-driven approach, automation rules, and customizations to manage pricing and stay restrictions PriceLabs helps short-term vacation rentals and hotels increase revenues and streamline processes, saving hours in the process. With integrations to a growing list of channels and property management systems, automated revenue management is a few clicks away!

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

Where can PriceLabs be deployed?

Cloud-based
On-premise

About the vendor

  • PriceLabs
  • Located in Chicago, US
  • Founded in 2014

PriceLabs support

  • 24/7 (Live rep)
  • Chat

Countries available

Afghanistan, Albania, Algeria, American Samoa, Andorra and 220 others

Languages

Brazilian Portuguese, English, French, Italian, Portuguese and 1 others

PriceLabs pricing

Starting Price:

US$19.99/month
  • Yes, has free trial
  • Yes, has free version

PriceLabs has a free version and offers a free trial. PriceLabs paid version starts at US$19.99/month.

Pricing plans get a free trial

About the vendor

  • PriceLabs
  • Located in Chicago, US
  • Founded in 2014

PriceLabs support

  • 24/7 (Live rep)
  • Chat

Countries available

Afghanistan, Albania, Algeria, American Samoa, Andorra and 220 others

Languages

Brazilian Portuguese, English, French, Italian, Portuguese and 1 others

PriceLabs videos and images

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.
View 6 more
PriceLabs video
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.

Features of PriceLabs

  • API
  • Activity Dashboard
  • Calendar Management
  • Competitive Analysis
  • Competitor Monitoring
  • Competitor Price Tracking
  • Custom Pricing Rules
  • Dashboard
  • Data Import/Export
  • Data Visualisation
  • Dynamic Pricing
  • Forecasting
  • Market Data Analysis
  • Monitoring
  • Performance Metrics
  • Price Forecasting
  • Price Optimisation
  • Pricing Analytics
  • Rate Management
  • Real-Time Analytics
  • Reporting & Statistics
  • Reporting/Analytics
  • Reservations Management
  • Revenue Management
  • Sales Reports
  • Search/Filter
  • Third-Party Integrations
  • Trend Analysis

Alternatives to PriceLabs

Distribute hotel content simultaneously to the Booking Engine, OTAs, Tour Operators, TMC, GDS, Metasearch with our innovative system.
The most complete revenue management software in the short-term rental industry designed to help you earn more revenue and save time.
Smartpricing is an RMS that helps hospitality entrepreneurs to find the right prices, increase turnover and reduce uncertainty.
#1 Revenue Management Solution to unlock new ways to make money with your vacation rental.
Rategenie is dynamic pricing software that optimizes short-term rental rates across channels using data analytics to maximize revenue.
Automate pricing, efficiently and at scale. Use competitor pricing data and pricing elasticity. Save time, and grow margins and sales.
Kigo offers one platform to help your business manage, market and deliver a complete guest experience.
Beyond involves all budget holders, automates reconciliation and communication, and provides powerful reports and alerts.
LiveRez is the all in one vacation rental management software bringing you a powerful ecosystem of products included to help you scale!

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

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

Alternatives Considered: Wheelhouse

Reasons for Choosing PriceLabs: PriceLabs pricing structure and support of multi unit set ups.

Switched From: Wheelhouse

Reasons for Switching to PriceLabs: PriceLabs pricing structure and support of multi unit set ups.

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

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.

Alternatives Considered: Wheelhouse

Reasons for Switching to PriceLabs: Better integrations/more integrations, as well as better coverage of my area at the time.

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, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Good product overall

5.0 2 months ago 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

2 months ago

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

Adrian
MD in UK
Real Estate, Self Employed
Used the Software for: 1+ year
Reviewer Source

Great product

5.0 4 months ago

Pros:

It gives you a lot of control of your pricing strategy.

Cons:

There are a few features that cost extra.

PriceLabs Response

4 months ago

Hi Adrian, Thank you for sharing your feedback. We are glad PriceLabs helped you achieve your objectives while letting you retain control of your pricing strategy. Looking forward to helping you maximize your revenue in 2024! Warm regards, Richie