How to set up minimum, base, and maximum prices?

PriceLabsMar 1, 20251m 26s546 viewsScore 75
Pricing & Profitability
intermediate
dynamic pricing
revenue management
pricing strategy
PriceLabs
STR pricing
M

Summary

AI-generated

This video explains how to set minimum, base, and maximum prices in PriceLabs to guide pricing recommendations. It details how these prices function and the automatic safety measures PriceLabs implements if they are left blank.

Key insights

  • If minimum and maximum prices are left blank in PriceLabs, the system automatically implements safety measures: the minimum becomes 30% of the base price, and the maximum becomes 10 times the base price.

Tools & resources

  • PriceLabsplatform

    PriceLabs is a revenue management solution that uses automation and market data to maximize revenue for short-term rentals.

Frequently Asked Questions

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