Increasing RevPar by up to 20%: Primestay's Journey With PriceLabs

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PriceLabs

Pricing & Profitability
intermediate
Dynamic Pricing
Revenue Management
ADR
RevPAR
PriceLabs

Summary

This video discusses how Primestay, a Dubai-based real estate company, increased their RevPAR by 15-20% after implementing PriceLabs. Previously, pricing and minimum stay restrictions were done manually, but PriceLabs streamlined the process, reduced time spent on individual listing updates, and allowed more accurate pricing strategies based on neighborhood data.