Revenue management is a big part of our vacation rental businesses, and why data-driven insights and automation are so critical. This is why we are pleased about our integration with PriceLabs, an innovative revenue management tool for vacation rental managers.
Hosfully’s PriceLabs integration provides managers with an advanced price automation solution that minimizes time spent on setting competitive pricing on Hostfully-managed vacation rentals.
Haven’t signed up yet? PriceLabs offers a free 30-day trial.
PriceLabs is a global pricing platform. You name your city, and they have machine-learning algorithms ready to crunch data to build optimized pricing models. PriceLabs’ models look into all possible sources of demand and supply data to calculate daily base rates to optimize pricing.
This integration allows Hostfully users to import properties to PriceLabs and see their dynamic pricing instantaneously. You can set your own base-price on PriceLabs or see their own recommended pricing. Once you are satisfied with the dynamic prices you can “Sync Prices” so that PriceLabs servers can dynamically price your listings once a day on Hostfully’s central calendar.