One of the starting points of thinking about pricing your property, even before thinking about dynamic pricing is – what should the base price be.
From both users of PriceLabs, and from numerous enquiries, we learnt one thing – individuals were looking for data to understand what should their base price be. As a first step, we had introduced market intelligence reports, that gave user an understanding of their competition.
Today we are happy to introduce a new feature "Base Price Help" that helps you assess what the base price of your listing should be. Just click on the button below when you login to review prices,
And you can now see how other listings are priced and occupancy levels vary by nightly rate in your neighborhood.
- In the above image you can see "number of listings" graph which gives you an idea of how many listings are present in various price bracket.
- In the next "Occupancy Levels" graph, you can see occupancy levels by price brackets.
The two combined can help you decide how much should you set as base price for your own listing!
We hope you'll enjoy this new feature!
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