January 2024 Product Updates: Essential Checks for a Profitable Year ahead
Pricing & Profitability
intermediate
Hyperlocal Pulse algorithm
dynamic pricing
base price optimization
minimum stay recommendations
event detection
M
Summary
AI-generatedThis video explains PriceLabs' new Hyperlocal Pulse (HLP) algorithm, detailing how to migrate to it and its benefits for optimizing pricing. It also covers essential checks like reviewing base prices, minimum stay recommendations, and utilizing the events tab and future prices chart for a profitable year.
Key insights
New PriceLabs users who signed up since mid-August are automatically on the HLP algorithm; legacy users must manually switch to benefit from its features.
Tools & resources
Neighborhood Data Tabtool
The 'Neighborhood Data' tab allows hosts to view competitor calendars and pricing trends, with an updated graph view complementing the existing table view.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial