vacation rental management software dynamic pricing

Increase revenue with data-driven pricing

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From being able to send custom quotes to potential guests, to syncing with dynamic pricing engines, to the plug and play calendar and booking widgets, Hostfully is a software that is very streamlined in its design and user interface, but don't let the simplicity of the UI fool you......this software is extremely dynamic and provides an integrated all-in-one solution for the modern property manager!
Spencer, Travlr

About PriceLabs

PriceLabs’ models look into all 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 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.

How Hostfully's integration with PriceLabs will benefit you:

  • Increase profitability of business
  • Reduce vacancies
  • Save time with research
  • Save time manually adjusting prices
  • Boost the length of your stays

Get to know PriceLabs

Manage prices for multiple listings at once

This capability is incredibly convenient to hosts who handle multiple listings. Managing rates for multiple listings is easier with Pricelabs, as you can adjust them in bulk using group and account level customizations.

Customizable data-driven pricing

PriceLabs recommends prices based on market supply and demand, seasonal and day-of-week trends, special events and holiday predictions, and the number of days left to book. Customization options layer on top of market data to give you control over your pricing strategy.

Optimize availability to avoid vacancies

The tool will automatically track how frequently your listing is getting booked and adjust the min-stay setting to ensure that no dates end up being vacant. This way, you can rest assured that you utilize your rental’s potential to the fullest.

FAQs

About PriceLabs

PriceLabs allows you to minimize routine tasks of monitoring your calendar, looking for vacancies, and then visiting all the OTAs to manually input reduced prices to fill in those days. Now you’ll have to simply adjust the price once on your dashboard, and this change will be implemented across all OTAs in just a click. Plus, PriceLabs will select the best prices for you after analyzing millions of data points such as historical data, competitor pricing, events, and more. This means you’ll not only reduce time changing the nightly rates, but also doing the research.
PriceLabs algorithm considers a number of factors – some inputs and settings that you can control, and their data-driven analytics layered on top of it. When you review prices for a listing for the first time, PriceLabs will estimate a base price for the listing for you based on its attributes and current performance. PriceLabs then applies historic demand trends (seasonal, weekend vs. weekday), future looking supply and demand data (occupancy levels and prices for vacation rentals and hotels for future dates), and how far a date is (last minute discounting, far our premium, etc.). Reducing or increasing the base price will reduce or increase the price recommendations. In addition, you can also set your own lowest price, highest price, last minute discount/premium customization, as well as date specific overrides (for example, to further increase prices for New Year’s eve by 20%). You can read about their pricing algorithm in more detail in their Revenue Management Starter Kit, and the details of their default discounts and premiums.
Once you turn on the sync prices switch for a listing, the price will be updated every night (GMT). If you want to sync prices right away (if you made a change to settings, or for a new listing), there is a Sync Now button you can click.

About Hostfully's Property Management Platform

Hostfully products give property managers the tools they need to automate their business, earn more money, and deliver a 5-star guest experience.


The Property Management Platform lets you automate and simplify the complex management tasks of running a vacation rental. With award-winning and industry-leading features such as a channel manager, central calendar, unified inbox, triggers and templates for automated communication, payment processing, analytics & reporting, smart home management, and more, you can run your business with less effort and more success.

Hostfully provides premium channel distribution to over 17 booking platforms and OTAs. We are one of the few companies in the world to hold Preferred Partner Status with the top three booking platforms for vacation rentals: Airbnb, VRBO, and Booking.com. We connect with other listing sites and OTAs through direct API (we don’t rely on a separate manager to sync). This makes Hostfully one of the most stable channel management providers in the industry.

Hostfully’s unique pipeline view gives managers a birds eye view of the business. Easily track incoming leads, unpaid deposits, upcoming check-ins and check-outs, and operations. From the same screen, assign tasks to team members with just a few clicks.

Hostfully offers the most flexibility to use third-party vacation rental software. We have direct integrations with the industry’s leading software providers, giving you the option to pick and choose software that’s right for you. Each business is unique, and so should the software used to run it.

Hostfully invests in and provides world-class customer service. Our 1:1 onboarding sessions limit downtime or disruptions to your operations. Afterwards, we have regular check-ins with our Customer Success Team. And if you’re ever stuck, we offer 200+ help articles and chat or email access to our 24/7 in-house Customer Support Team.

You can check out our reviews here: https://www.hostfully.com/testimonials/
Every new customer of our Property Management Platform receives step-by-step instructions and a dedicated Onboarding Specialist to support you for your first 45 days. After you complete an initial assignment to get you started and attend a group call, your Onboarding Specialist will set up the first of your 1:1 one-hour personalized calls.* During your onboarding, Hostfully will help you set up your properties, configure listing sites and OTAs, show you how to automate processes with templates and triggers, and get started with pricing.

Please note that the set up time to import and list properties on listing sites varies. Some take under 24 hours, while others take up to two weeks or longer. This is outside any software company’s control. However, due to Hostfully’s preferred partner status with Airbnb, Vrbo, and Booking.com, we can track your status progress and get faster access if an unforeseen problem happens.

After your 1:1 calls, additional onboarding services can be purchased for $150 per hour.

*All plans include at least 2 x 1:1 calls. See plans for details.
Yes! Our mobile app helps you manage your critical and time-sensitive tasks from the palm of your hand. It is available for both iPhone & Android.
Of course! We have free live demos happening weekly for our Property Management Platform. Visit this link to register now and have a fun chat with our team: https://app.livestorm.co/hostfully/livepmp

Alternatively, we also have a pre-recorded demo you can check out here. All demos can be found on our “Request a Demo” page.
Yay! We’re so excited you’re ready to come try us out. We don’t offer free trials, however we do offer a free one-on-one personalized software demo where you can see exactly how Hostfully will be of benefit to you. Want to try a demo, then? Click here to get started. Alternatively, you can check our pricing page to subscribe right away.
Hostfully customer support is available 24 hours a day, 7 days a week.
More answers can be found in our FAQ page.

Why Hostfully

World-class customer support

Our solutions are easy to use and will automate your everyday tasks. Our team is also there to help with any issues and will stay with you until you’re comfortable and everything is running smoothly.

hostfully team remote work career success job opportunities

A company with a purpose

We do more than just provide a tool. Through partnerships with Sustonica, EnviroRental, Ecologi and others, we help others in our industry make meaningful changes in the way they operate, to make a positive impact on the community and environment.

hostfully team remote work career success job opportunities

We share our insight and knowledge

Our team has years of experience in the business, learning best practices from leading brands. And we love sharing our knowledge with you. Come say hi to our team during the big vacation rental conferences, or tune into our free webinars.

Still not convinced?

At Hostfully we do things very differently. Instead of jumping right in, you can book a FREE and PERSONALIZED demo with one of our friendly Sales team members. They will show you exactly how Hostully will make your life as a vacation rental property manager much easier, in a demo that is customized to your business needs. So, how about it?

Still not convinced?

At Hostfully we do things very differently. Instead of jumping right in, you can book a FREE and PERSONALIZED demo with one of our friendly Sales team members. They will show you exactly how Hostully will make your life as a vacation rental property manager much easier, in a demo that is customized to your business needs. So, how about it?

We're here to help.

Get answers when you need them. Our knowledgeable team is there to answer your inquiries, investigate your queries, and they genuinely want to provide you with a better experience. Simply reach out to us via email (hello@hostfully.com) or click the button below to start chatting now.

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