April 2023 Product Updates: Revamped Competitor Analysis & Hotel Price Tracker | PriceLabs
Summary
AI-generatedThis webinar introduces PriceLabs' new Hotel Data tab and enhanced Competitor Analysis features. Hosts will learn how to leverage hotel pricing trends and updated pacing reports to benchmark their short-term rental performance, identify market opportunities, and optimize their pricing strategies for increased profitability.
Key insights
Booking curves in Portfolio Analytics visualize revenue, ADR, or occupancy buildup over time for a specific month, comparing current performance against historical data or different months.
Mistakes to avoid
Relying solely on one metric like ADR or occupancy without considering the other can lead to suboptimal pricing strategies; RevPAR provides a more balanced view.
Tools & resources
PriceLabs Training Webinarscourse
For in-depth training on PriceLabs features, attend their group onboarding sessions or review existing training webinars, with links provided via chat or their website.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial