Exploring the Neighborhood Data Tab in PriceLabs

One of the standout features of PriceLabs is the Neighborhood Data tab. This tool provides invaluable insights into your property's market positioning and helps you make informed pricing decisions.

Understanding Your Property's Market

When examining your property's calendar, you can access the Neighborhood Data tab to gain insights. For instance, if you own a two-bedroom property, you can compare it to similar properties in the market, such as one or three-bedroom listings. This comparison helps refine the data to better match your property's characteristics.

Future Prices Graph

• The black line represents the final price determined by PriceLabs.

• A dotted line indicates the last seen price if changes were made.

• Pink indicators at the bottom show increased demand due to events or holidays.

• Gray, darker pink, and lighter pink areas represent different market percentiles, with lighter pink indicating the upper market level.

For those who prefer text over graphs, AI insights provide a textual analysis of the graph's data.

Historical and Upcoming Bookings

• Historical bookings are shown as blue dots, while upcoming bookings appear as gray lines.

• These visuals help analyze past performance and future booking trends.

Market Booked Price

This feature shows the 50th percentile average market price, helping you gauge where your pricing stands relative to the market.

Occupancy Chart

The occupancy chart is a crucial tool for understanding your property's performance:

• Gray areas indicate occupied periods, while white areas show availability.

• AI insights can provide a text version of the graph for easier interpretation.

Pickup Analysis

• The "Add Pickup" feature shows recent booking trends, helping identify last-minute booking windows.

Market Occupancy Comparison

• Red lines represent overall market occupancy.

• Historical data can be added to compare current performance with past trends.

Market History

The Market History section provides insights into long-term trends:

• Data can be viewed over one or two years to identify changes in occupancy and booking windows.

• Length of stays and average daily rates (ADR) can also be analyzed.

This comprehensive data allows you to make informed decisions about pricing and occupancy strategies, ensuring your property remains competitive in the market.

Thank you for exploring the Neighborhood Data tab in PriceLabs!