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What Is PriceLabs?

PriceLabs is a powerful revenue management & dynamic pricing software for short-term rentals, mid-term rental businesses. Accommodation providers such as apart-hotels, hotels & vacation rentals use PriceLabs to automate & manage their pricing & stay restrictions. PriceLabs integrates with 100+ Property Management Systems (PMS) and provides data-driven pricing recommendations, with flexible automation rules, & customizations to help property managers optimize revenue & save valuable time.

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.

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

  • Calendar Management
  • For Vacation Rentals
  • Forecasting
  • Inventory Tracking
  • Performance Metrics
  • Price Optimization
  • Price/Margin Management
  • Rate Management
  • Reporting & Statistics
  • Reporting/Analytics
  • Reservations Management
  • Revenue Management Software
  • Revenue Recognition
  • Third Party Integrations
  • Third-Party Integration
  • Trend Analysis
  • Visual Analytics

Alternatives to PriceLabs

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#1 Revenue Management Solution to unlock new ways to make money with your vacation rental.
Smartpricing is an RMS that helps hospitality entrepreneurs to find the right prices, increase turnover and reduce uncertainty.
Automate pricing, efficiently and at scale. Use competitor pricing data and pricing elasticity. Save time, and grow margins and sales.
Beyond involves all budget holders, automates reconciliation and communication, and provides powerful reports and alerts.
Kigo offers one platform to help your business manage, market and deliver a complete guest experience.
LiveRez is the all in one vacation rental management software bringing you a powerful ecosystem of products included to help you scale!
Fully integrated PMS, RMS, Channel Manager, Booking Engine & All In One System with dynamic pricing that help hotels increase revenue

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%
Renata
Renata
Property Manager in Italy
Verified LinkedIn User
Hospitality, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

PriceLabs continues to impress with exceptional customer support

5.0 2 months ago

Comments: has been highly positive, characterized by the seamless and gradual learning curve the powerful software offers. PriceLabs not only provides robust functionality but also ensures that users can acquire a nuanced understanding of its features over time. The platform's design allows for a progressive exploration of concepts, enabling users to delve deeper at their own pace.

Pros:

It's evident that PriceLabs consistently goes above and beyond, showcasing exceptional dedication to customer support. Their content-rich webinars underscore a commitment to ensuring customers are well-informed and empowered. This unwavering focus on customer training sets PriceLabs apart, exemplifying a commitment to excellence in customer service.

Cons:

While the platform is robust and efficient in automating pricing strategies, users occasionally find themselves delving into manual assessments to ensure nuanced optimization.

PriceLabs Response

2 months ago

Hi Renata, Thank you so much for taking the time to leave this detailed feedback, and especially for acknowledging our customer support - one of the areas we, as a company pay special emphasis on. Wishing you the best for 2024. Warm regards, Richie

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

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

Too complicated.

3.0 last year

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

Lincoln
Property Manager in US
Hospitality, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Necessary Tool for Rentals

5.0 3 months ago

Pros:

PriceLabs makes it easy to ensure your rentals are priced correctly across the board that balances the best price with the best deal. We've seen an increase in bookings with PriceLabs monitoring rates daily.

Cons:

It can be tricky figuring out how to manage black out dates and forced pricing, but once you get it, it's pretty easy.

PriceLabs Response

3 months ago

Hi Lincoln, We're delighted to hear that PriceLabs has boosted your bookings. We'll raise it to the team to work on simplifying blackout date management for an even smoother experience. Thanks for choosing PriceLabs, and thank you for taking the time to leave us this feedback! Regards, Richie

Hillary
CEO in US
Real Estate, Self Employed
Used the Software for: 1+ year
Reviewer Source

Skye Luxury Rentals Review of PriceLabs

5.0 2 years ago

Comments: Overall my experience with PriceLabs is a good one. As I grow and am onboarding new properties, it is allowing me to scale with ease and a bit of setup, but I am getting it down and in the future, I can see myself delegating this task to someone else on my team.

Pros:

I use PriceLabs for years and I use it every day. It helps me tailor pricing for the many properties in my portfolio. I especially like the seasonal pricing feature where I can fine tune pricing per month for each of my properties.

Cons:

Software is only as good as the user who sets it up. PriceLabs is very customizable, but it isn't perfect and doesn't know the markets as well as I do, so I find that I need to further tailor pricing for certain days more than it does as it can be off, but it helps to have a great baseline. The other biggest drawback with it, is it is complex the way I am using it, so took me over a year to learn it. I am grateful over for having the opportunity to use it.

Alternatives Considered: Wheelhouse

Reasons for Choosing PriceLabs: It was years ago and it was the first one I attempted to familiarize myself with. I enjoy PriceLabs much more, I find it more affordable and I especially like tailoring pricing using seasonal pricing.

Reasons for Switching to PriceLabs: As I said above, I felt that initially the price point was alluring as well as the features that were added like the seasonal pricing tool and then later the Marketing Dashboard.