Occupancy based adjustments

PriceLabsMar 19, 20244m 28s702 viewsScore 85
Pricing & Profitability
intermediate
dynamic pricing
occupancy adjustments
revenue management
PriceLabs
short-term rental pricing
M

Summary

AI-generated

This video explains how to use PriceLabs' occupancy-based adjustments to proactively manage short-term rental pricing. Hosts will learn how to configure these automated adjustments to lower rates during low occupancy periods and raise them during high occupancy, optimizing revenue based on booking lead times and market conditions.

Key insights

  • PriceLabs applies occupancy-based adjustments by default, using lead time and occupancy to modify rates, but users can customize these settings.

Mistakes to avoid

  • Overly aggressive price increases in the occupancy adjustment matrix, especially in lower-demand markets, could deter bookings and negatively impact revenue.

Tools & resources

  • PriceLabs Supportservice

    PriceLabs provides support through email at support@pricelabs.com, help articles, and direct chat from within the user account.

Frequently Asked Questions

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