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Description
PriceLabs is a powerful revenue management tool tailored for hotels to maximize revenue and occupancy. Its Hyper Local Pulse (HLP) algorithm dynamically prices rooms by analyzing your property's occupancy, competitors' rates, and overall market demand from data from Booking.com. Designed with flexibility in mind, PriceLabs lets you customize your pricing approach - whether it’s occupancy-based adjustments, seasonal modifications, far-out pricing, or last-minute discounts. With rate shopping and benchmarking features, it empowers hoteliers to make informed decisions, and save time. PriceLabs has helped its hotel users increase their RevPAR by 18% YoY.
Benefits
Price Recommendations
PriceLabs dynamically adjusts room rates in real-time based on occupancy, market data, and competition. This helps you maximize revenue during peak periods and maintain occupancy during slower times.
Automation
Prices are recalculated daily and automatically sent to all booking channels through your PMS, minimizing your effort and keeping rates optimized.
Time-Saving
Easily apply pricing rules across rooms and room types, reducing your staff's workload and freeing up time for other essential tasks.
Benchmarking
You can shop competitor rates and track market trends, enabling you to make data-driven decisions and stay competitive.
Independence
Fully control and customize your pricing with an easy, self-serve tool—no need for expensive consultants.
Simplified Workflows
Save time with bulk updates, intuitive features, and automated workflows integrated with Host PMS.
Category
Revenue Management
Status
Online
Connection Type
2-way
Partner's website
http://hello.pricelabs.co/hotel/
