New IdoBooking x PriceLabs Integration: A revolution in revenue management

In the rapidly evolving short-term rental industry, the key to success is the ability to adapt quickly and maximize profits. We understand that managing multiple properties in different locations can be challenging, especially when you need to monitor prices, availability, seasonality, and competition simultaneously. That's why we are excited to announce the new IdoBooking integration with PriceLabs – one of the most powerful dynamic pricing tools available on the market.

PriceLabs: What is it and how does it work?

PriceLabs is an advanced revenue management tool that automates the pricing process for your property. PriceLabs analyzes real-time data on accommodations from key OTA platforms (e.g., Airbnb and Booking.com) and local market competitors. The Hyper Local Pulse algorithm considers factors such as location, seasonality, events, holidays, booking lead time, day-of-week trends, property popularity, and even property standards to precisely adjust prices for each day. Since 2014, PriceLabs has helped maximize revenue for over 300,000 properties in more than 100 countries worldwide. With PriceLabs, managing prices and minimum stay requirements becomes easier, more accurate, and adaptable to dynamic market changes.

What does this mean for IdoBooking users?

IdoBooking already offers advanced tools for reservation management, channel synchronization, automated communication, and many other processes essential for property owners and managers. The integration with PriceLabs adds a tool that further simplifies management and increases operational efficiency.

Key benefits of the PriceLabs integration:

• Dynamic Pricing: PriceLabs analyzes market data and identifies booking trends to generate the most optimal pricing conditions for each day. This allows you to react instantly to market changes and stay ahead of the competition.
• Process Automation: You can automate complex pricing strategies and dynamic minimum stay rules in PriceLabs. These changes are synchronized daily with IdoBooking.
• Time Savings: PriceLabs enables simultaneous price management across large property portfolios, significantly reducing the time needed for manual price adjustments and market monitoring.
• Customization: The platform allows you to set custom pricing levels for each property and adapt market trends to their historical performance. This way, you can tailor the tool to your needs and strategy.
• Support and Expertise: The PriceLabs team consists of experts with years of experience in revenue management, accommodation distribution, technology, and data analysis. You can count on professional support throughout the implementation and optimization process.

How does the integration with PriceLabs work?

After activating synchronization, properties, reservations, availability, and other essential parameters are automatically transferred from IdoBooking to PriceLabs. There, advanced algorithms process the data, also considering external factors, and generate optimal prices for each of your properties.

Once the price synchronization with PriceLabs is enabled in our system, prices are updated daily and automatically synchronized across all your sales channels. This ensures that your offers are always up-to-date, and you don’t have to worry about manually making changes in each channel.

How to Use the PriceLabs Integration with IdoBooking?

Getting started with the PriceLabs integration with IdoBooking is easy:

1. Sign Up for PriceLabs: If you don’t have a PriceLabs account yet, visit their website and sign up for a free trial. Register by the end of the year and use our code to get an additional -15% off for two months -> Code: IDOBOOKINGPL2024.

2. Connect Your Account with IdoBooking: In the IdoBooking admin panel, go to the Administration > Marketplace tab and select the PriceLabs integration option. Currently, the integration is enabled by Support, contact us to activate the connection and discuss the integration setup.

3. Then, follow the instructions to connect and configure your account.

Summary

The IdoBooking integration with PriceLabs is a milestone in property management. Dynamic pricing management not only maximizes profits but also simplifies daily operations, allowing property managers to focus on growing their business. With this integration, your properties can be more competitive, better managed, and more profitable. With IdoBooking and PriceLabs, you now have all the tools you need for success in one place.

Want to learn more about our features or test IdoBooking in action?

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