Updated over 5 years ago on . Most recent reply
Automated Pricing Software fot STR
I have been going back and forth trying to decide which one is best - Beyond Pricing, Price Labs or Wheel House. I have a condo in Lahaina, Maui that is part of a large complex (Aina Nalu by Outrigger). The unit is not that unique and there are several comparable units on the same property. A big problem I've seen is that some people use the pricer to price units that are very unique, something which doesn't affect me. For just one unit (for now) and with a good amount of comparable or identical units, which of the 3 would be the best for me? Obviously pricing structures are a bit different but if one is much better than the others then pricing difference should be negligible
Most Popular Reply
I have used all 3, and for me, the clear winner is Pricelabs. Most of the pros that have tried them all, stick with pricelabs. It is the cheapest, and the most powerful. None of them are “set it and forget it”.
If you are trying to target longer stays, pricelabs has dynamic min. Night stays, which has been the single most valuable tool my business had in 2019. If used correctly, it will keep all of the small crappy reservations from being able to book you spot, (they will book your competition instead). Then when that one 2 week long (big fish) come along, your Calendar will be the only one open. My average nights per reservation doubled in 2019.