May Product Updates English | PriceLabs

PriceLabsJun 14, 20221h 3m473 viewsScore 85
Pricing & Profitability
intermediate
minimum stay recommendations
dynamic pricing
revenue management
short-term rental data
booking optimization
M

Summary

AI-generated

This webinar introduces PriceLabs' new minimum stay recommendations engine, designed to help hosts optimize bookings by analyzing market data. It covers how to use the feature, understand the data behind recommendations, and customize settings for various scenarios to maximize revenue.

Key insights

  • For new listings, consider lower minimum stays or using occupancy-based adjustments to attract initial bookings and reviews, which can improve visibility and future booking potential.

Mistakes to avoid

  • Relying solely on manual settings for minimum stays without considering market data can lead to missed booking opportunities or reduced revenue due to suboptimal stay lengths.

Tools & resources

  • PriceLabs Free Trialservice

    PriceLabs offers a free 30-day trial for hosts interested in using their revenue management solution.

Frequently Asked Questions

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