PriceLabs Pros and Cons

I love that PriceLabs automates my short term rental pricing to a granular level. I can set PriceLabs to make sure I'm attracting the length of stay that I desire while maximizing my returns. I love that it integrates seamlessly with Hospitable. Review collected by and hosted on G2.com.

There are so many advanced features that I'm not always sure how to use them all! Review collected by and hosted on G2.com.

PriceLabs takes note of competitor pricing in the area, ensuring that property remains competitive within the market. This helps attract more bookings and maintain a steady flow of guests and hence helps to maximize revenue potential. Also, pricelabs helps me to gain valuable insights and analytics, allowing to track performance over time and make informed decisions about their pricing strategy. Review collected by and hosted on G2.com.

Price labs is a bit pricy for people with limited resources and is a bit cmplex Review collected by and hosted on G2.com.

Really great product, an absolute must if you manage multiple properties.

Also the customer support is fantastic. Very responsive, polite and knowledgable about their product. Review collected by and hosted on G2.com.

There isn't much to dislike - only a wish list of features. Mobile app (or better mobile site), ability to work with per-person pricing, ability to handle weekly/monthly discounts, better awareness of pricing on other channels (markups are handled via other products so Pricelabs is currently unaware of these.) Review collected by and hosted on G2.com.

We were able to quickly and efficiently determine pricing for our property based on supply and demand without having to do all the work on our end. Review collected by and hosted on G2.com.

With any tool that brings you value, it comes with a price. Price is the only dislike. Review collected by and hosted on G2.com.

PriceLabs offers unique insight that allows me to identify market rates based on other listings in the area on a day-by-date basis. Based on local comps, PriceLabs suggested that rents should be raised 50% during certain times of the year.

Integration with Hospitable was seamless and took 30 seconds. You can "set and forget" but I usually log in every three months or so to adjust settings. Review collected by and hosted on G2.com.

The user interface on a few areas of the app were less intuitive than others, but I eventually came over that. Review collected by and hosted on G2.com.

Decent options. Many bells and whistles and control levers for the hosts. Review collected by and hosted on G2.com.

Surprised they never had a user experience reshuffle after years in the market. The support this year has been much worse than earlier. It starts with a buggy chat support tool, no follow ups on requests. The only time when I managed to get someone on the line was when I pressed on the unsubscribe option in the chat support. Review collected by and hosted on G2.com.

Pricing adjusts daily and that pushes automatically to our Property Management Software and our Online Travel Agencies. Review collected by and hosted on G2.com.

There is a lot to cover- a lot of info- takes a lot of time- it's overwhelming. Review collected by and hosted on G2.com.

Incredible amounts of data at your finger tips. Does what it needs to and sets dynamic pricing. Review collected by and hosted on G2.com.

Almost too complicated at times. SO many "levers" that can be adjusted to ultimately build out the dynamic pricing. Review collected by and hosted on G2.com.

Pricelabs lets me see the high demand days as well and how the market is doing. So I see the % of rentals in my market booked in the next 7, 30, and 60 days. And compares me to those rentals in my market.

I can set up a base rate and a min price per night. It helps me make available and price orphan days. Prices are updated daily and it integrates with houfy.

For $21 a month for 1 property, I can quickly update prices across all platforms. Increase or decrease the price.

I did notice that my future bookings decreased with pricelabs. Its helping me fill out my days now within the next 30 days but I'm ok with that. I've only had 1 to 3 nights open in July and back. Aug and Sep have been slow months.

I realized I needed a pricing strategy back in March when I got a request for Thanksgiving with very low prices through Airbnb smart pricing, nothing smart about it, lol Review collected by and hosted on G2.com.

no dislikes, it does what its supposed to Review collected by and hosted on G2.com.

ti does exactly what it says i does, provides good data and some reccomendations Review collected by and hosted on G2.com.

it is a little complicated to use for beginnners Review collected by and hosted on G2.com.