PriceLabs, a leading provider of innovative and easy-to-use dynamic pricing and revenue management solutions for the accommodation industry, has launched its new pacing reports, a valuable tool designed specifically for hoteliers, hostel managers, and aparthotel operators. With these innovative features, users can easily navigate the uncertain hospitality market of 2023 while staying ahead of the competition, optimizing rates, and maximizing revenue.
As a busy hotel manager or operator, keeping up with market trends and adjusting pricing strategies can be challenging. That’s where PriceLabs comes in. Their new pacing reports provide real-time analysis of local markets and comparative insight into performance versus last year – giving hoteliers the edge they need to stay competitive.
PriceLabs’ existing suite of products also includes automatic rate adjustments based on market data, revenue optimization strategies, automated pricing and revenue management tasks, and customizable pricing options tailored to meet business goals. This means that users have everything they need to boost their revenue and save time.
For those not currently using PriceLabs’ products, Portfolio Analytics is available completely free forever. This feature allows access to pacing data for your market without any cost – giving you a great opportunity to see how pacing can benefit your business.
PriceLabs’ new pacing reports are an essential tool for any hotelier looking to stay ahead of the competition in 2023. With their suite of innovative features integrated into their existing products – including automatic rate adjustments based on market data, revenue optimization strategies, automated pricing and revenue management tasks, customizable pricing options tailored to meet hoteliers’ business goals – PriceLabs has everything covered so that users don’t have to worry about navigating the uncertain hospitality market alone.
Analyzing and Optimizing Listing Performance with PriceLabs’ Pacing Tools
PriceLabs provides a solution through its pacing and historical comparison features, allowing hospitality and hotel managers to measure their success against the local market and track changes in key performance metrics compared to their previous performance.
Hospitality pros can take their revenue management strategy to the next level with Pacing – a feature now available within each of PriceLabs’ dynamic pricing and market report products.
Pacing is a powerful strategy for individual hosts and hospitality professionals that helps them maximize revenue and make informed decisions. The concept of pacing focuses on setting reference points, typically in the form of pacing curves.
With the aid of its industry-leading data science team, PriceLabs compiles and analyzes market data from sources such as big OTA platforms. This process provides unique insights into each short-term rental market, which are then presented as easy-to-read graphs and metrics.
Hosts and managers can now easily identify whether their listings, local competitors, or an entire market are slowing down or accelerating compared to last year. In addition, they can keep track of rates, occupancy, and reservations on forthcoming dates straight from each of PriceLabs’ industry-leading tools, Market Dashboards, Portfolio Analytics, and Neighborhood Data – all at no added cost for current users.
See how your listings are pacing today – for free
Current PriceLabs users will immediately find the new pacing and historical tools available within Market Dashboards, Portfolio Analytics, and Neighborhood Data.
Other hospitality and hotel pros can start a 30-day free trial at pricelabs.co. With the company’s flat-fee pricing model and lock-in contract, there is no risk in trying it. Access to the Portfolio Analytics and its pacing data stays free of charge, even beyond the trial period.
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