Day of Week Pricing Adjustments

PriceLabsFeb 21, 20250m 54s326 viewsScore 75
Pricing & Profitability
intermediate
Dynamic Pricing
Pricing Strategy
Revenue Management
PriceLabs
M

Summary

AI-generated

This video explains how to use the Day of Week Pricing Adjustment feature in PriceLabs to set percentage-based price adjustments for each day of the week. It cautions that PriceLabs' dynamic pricing already factors in day-of-week trends via the Demand Factor, so this adjustment would be added on top of those.

Key insights

  • PriceLabs' dynamic pricing already considers day-of-the-week trends through its Demand Factor, making day-of-week pricing adjustments additive to default pricing.

Mistakes to avoid

  • Exercise caution when using Day of Week Pricing Adjustment, as it's added on top of PriceLabs' existing dynamic pricing recommendations, which already account for day-of-week trends.

Tools & resources

  • PriceLabstool

    PriceLabs revenue management solution that combines human control with best-in-class automation and market data to maximize revenue.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial