PriceLabs, a leader in revenue management for the hospitality industry, is unveiling the hotel version of its dynamic pricing solution. Fueled by hotel data and allowing for rate shopping, this easy-to-use solution empowers independent hoteliers to have a revenue management strategy rivaling that of large hotels.

Hoteliers can see prices move with demand, market availability, and their own performance, thanks to its powerful pricing algorithm. They can also easily personalize the price recommendations, so that they make it work the way they want to run their business. 

From seasonal to weekend pricing and length-of-stay to occupancy-based pricing, PriceLabs helps independent hotels execute a refined pricing strategy while saving with powerful automation. Rate policies can be applied to multiple room types, and prices are pushed into PMSs, and then onto the booking platforms.

Fueled by cutting-edge data science and user feedback, this release marks a pivotal moment for the company, its suite of products, and its community of users.

This isn't just a step forward—it's a giant leap for hoteliers and hotel revenue managers.

Anurag Verma, PriceLabs' President and Co-Founder, stated: "With the hotel version of our acclaimed revenue management solution, we're delivering unparalleled pricing precision, streamlining operations, and providing performance metrics for faster decisions. This major release showcases our relentless innovation pace. With solutions focussed on intelligence and customizability, PriceLabs caters to a wide range of hoteliers, from inns to large hotels."

Spotlight: The Hyper Local Pulse Algorithm

The Hyper Local Pulse (HLP) Algorithm is at the core of this breakthrough release. Within three months of using HLP, new PriceLabs users experienced an average 26% boost in RevPar (Revenue per Available Night).

HLP delivers:

• Hyper-local Relevance: Tap into hyper-local comp-sets for seasonality and weekday pricing, enhancing accuracy and relevance

• Improved Event and Holiday Pricing: We analyze previous pacing, early demand signals, competitor cues, and hotel rates along with a holiday calendar.

• Rapid Market Adaptability: Adapt fast to market changes, maximizing event, daily, and seasonal revenue.

• Time-saving: Minimize manual pricing adjustments.

About PriceLabs:
PriceLabs provides dynamic pricing and revenue management solutions for the hospitality industry. Its data-driven approach, automation rules, and customizations help accommodation owners and managers increase revenues. With over 100 PMS integrations, among which leading hotel PMSs, PriceLabs' automated revenue management platform is built to serve the needs of everyone, from large property managers to single-property owners. Learn more at pricelbas.co