PriceLabs

More bookings, More Profit, Less Hassle

Monday, January 12, 2015

PriceLabs is cloud-based pricing optimization tool for Airbnb hosts which calculates ideal price for Airbnb listings on any given day. The application is now available globally. It has already helped several Airbnb hosts in Chicago grow their profits over the last 6 months. How does PriceLabs help Airbnb host? Airbnb hosts have to decide how much to charge for their listing. Often, they charge either too low or sometimes too high. Airbnb solved part of the puzzle by telling hosts average price of a listing in their neighborhood but this doesn’t cover any their listing attributes, seasonal changes, events or availability of other listings. So hosts have been pricing their properties largely based on intuition. Until now. PriceLabs has developed a proprietary tool which gives Airbnb hosts the ability to price their properties at the optimal amount, which directly translates to a decrease in vacancies and an increase in earnings. Airbnb hosts can see pricing for their listing by visiting the company’s website, https://www.pricelabs.co and signup to update prices to their Airbnb calendar.