PriceLabs is an innovative and easy to use revenue management solution for vacation and short term rentals. Over the last few years they have perfected the art and science of vacation rental pricing to give you the best rate possible for every night. Their data-driven pricing approach scans your market for supply and demand trends to automate pricing, while at the same time giving you many customisation options to suit your needs. So no more worrying about the competition, or wrestling with the calendar for hours.
- If you do not yet have a PriceLabs account, please go to https://www.pricelabs.co/ and click on Sign Up.
If you already have a PriceLabs account, please sign in as normal.
- After you have created a new account or logged into your PriceLabs account, log into your SuperControl account.
- Go to Integrations > Price optimisation > PriceLabs.
- Enable the properties you want to sync with PriceLabs.
Please note:
If you do not have prices added to the price planner of the property, you will see the message Cannot enable with no prices
- Copy the API key showing on the PriceLabs integration page in SuperControl.
- Go back to your PriceLabs account.
- In the top left corner you'll see a blue button Connect to your Airbnb/PMS account.
- Select SuperControl
- Enter the API key you copied from the SuperControl integration page.
- Click Login.
- Your properties will now be imported into PriceLabs.
Please note:
It can can take a few hours until the properties start to populate in your PriceLabs account.
- Once the properties have all been imported into PriceLabs, click on the green Review Prices button. You will see the recommended prices for your listing.
Once the prices have loaded, you will see a calendar view of the prices that looks like the screenshot below.
The calendar shows recommended prices for each available night in the future. You might notice that each day has a different price - and this is the magic of dynamic pricing!
In general, the prices fluctuate around the base price (either calculated by PriceLabs or provided by you) based on the following factors:
- season (time of the year, peak vs. low season)
- day of week (weekends vs weekday depending on the location)
- supply and demand fluctuations due to a holiday or event
- how far in the future a date is (dates closer to the current day get a last minute discount)
- Once you have reviewed your prices you can either wait for them to be automatically forwarded to SuperControl or you can sync them straight away.
If you want to sync the prices right away, please click the Sync Now button on the left hand side.
It will take about 15 minutes for the prices to be synced between PriceLabs and SuperControl.
For more information from PriceLabs about setting up the integration please see this external article.