HLP
Summary
AI-generatedThis video explains how to switch to PriceLabs' new Hyperlocal Pulse (HLP) algorithm to better react to market slowdowns. It guides hosts through checking their current algorithm version, understanding the impact of HLP on pricing, and adjusting customizations for optimal revenue management.
Key insights
The new Hyperlocal Pulse algorithm is designed to be more reactive to market changes, such as slowdowns, by analyzing a closer set of comparable listings.
Mistakes to avoid
Continuing to use older algorithms or relying heavily on manual customizations (like custom seasonal profiles or demand factors) may prevent you from fully benefiting from the hyperlocal data and reactivity of the new algorithm.
Tools & resources
PriceLabs Free Trialservice
PriceLabs provides a free 30-day trial period for users interested in testing their revenue management solution.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial