Adjusting Base Price

Summary

This video by PriceLabs explains how to adjust your base price to stay competitive in the STR market. The presenter emphasizes the importance of monitoring market trends using PriceLabs' 'Neighborhood Data' feature to compare your pricing with competitors and make informed decisions about adjusting your base price. Adjusting your base price can optimize revenue in fluctuating markets and it is better to adjust your prices if there is a slowdown.