Simplified Market Data & Smart Minimums: Feb 2025 Updates for Hospitality Pros
Summary
AI-generatedThis video introduces two new PriceLabs features: Ready-to-View and Custom Market Dashboards for enhanced market research, and the Safety Minimum Price to automate and optimize minimum rates. Hosts will learn how to leverage these tools for smarter pricing and revenue management.
Key insights
Custom dashboards allow users to select a radius or draw a boundary around a specific address or area, and choose to analyze 1,000, 5,000, or 10,000 nearest units.
Mistakes to avoid
Manually setting minimum prices without considering past trends and current market conditions can lead to underpricing and lost revenue.
Tools & resources
Ready-to-View Market Dashboardstool
PriceLabs offers Ready-to-View Market Dashboards for instant access to market trends in over 240 vacation rental markets worldwide.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial