Why We Recommend PriceLabs
After testing multiple dynamic pricing tools, we recommend PriceLabs for most STR hosts. It offers the best balance of power, flexibility, and ease of use—plus it integrates seamlessly with Hospitable and all major booking platforms.
Starting Price
$19.99/mo
per listing
Free Trial
30 Days
no credit card
Sync Frequency
Daily
automatic updates
Core Pricing Concepts
Your base price is the foundation of your pricing strategy. PriceLabs will adjust this up or down based on demand, but setting the right base price is crucial for accurate recommendations.
How to Set Your Base Price
- 1
Research Your Competition
Look at similar properties in your area on Airbnb and VRBO. Note their nightly rates for similar dates.
- 2
Use PriceLabs Market Dashboard
PriceLabs analyzes your market and suggests a base price based on comparable listings.
- 3
Start Conservative, Then Adjust
If you're new, start at or slightly below market rate to build reviews, then increase.
Pro Tip
Your base price should represent what you'd charge on an average weekday with average demand. PriceLabs will automatically increase it for weekends, holidays, and high-demand periods.
Setting Up PriceLabs
Create Your PriceLabs Account
Sign up for a free 30-day trial at pricelabs.co. No credit card required.
Visit PriceLabs →Connect Your Listings
Link your Airbnb, VRBO, and/or PMS (like Hospitable). PriceLabs will import your listings automatically.
Set Your Base Price
Use PriceLabs' Market Dashboard to research comparable properties and set a competitive base price.
Configure Min/Max Prices
Set your price floor (cover costs) and ceiling (capture peak demand). Start conservative.
Enable Customizations
Turn on gap night filling, last-minute discounts, and seasonal adjustments based on your market.
Sync & Monitor
Enable automatic sync. PriceLabs will update your prices daily. Review weekly and adjust as needed.
Common Pricing Mistakes to Avoid
✗ Setting max price too low
You'll miss peak revenue during events and holidays
✗ Ignoring competitor pricing
Use PriceLabs Market Dashboard to stay competitive
✗ Not adjusting for your market
Beach vs. city vs. ski—each has different patterns
✗ Over-discounting last-minute
Trains guests to wait; start with modest discounts
✗ Setting and forgetting
Review monthly and adjust based on performance
✗ Copying competitors exactly
Your property is unique—price for your amenities
Need Help Setting Up Your Pricing?
Our done-for-you service includes complete PriceLabs setup, customized for your market and property. We'll configure everything and train you on how to monitor and adjust.