PriceLabs releases pricing API for dynamic pricing solution
US: Revenue management solution PriceLabs has announced the public release of its Open API that will allow property management systems [PMS] and channel managers [CM] to provide their users with PriceLabs’ pricing technology.
A number of PMSs [Hospiria, SuperHote, SIBO, and Syncbnb] have already successfully integrated their platforms and eight other PMSs are actively working towards the integration.
SuperHote CEO Mathieu said: “Dynamic pricing was one of our most requested features, and I have been using PriceLabs for a while, so when we heard about the new API, we jumped quickly. The integration process was seamless, and we now have customers actively using PriceLabs.
“We are a fast-growing channel manager / PMS, and the ability to offer world-class solutions to our users is definitely a game-changer,” he added.
Dynamic pricing in the short-term accommodation sector has been gaining traction as more properties come online.
PriceLabs co-founder Anurag Verma said: “The traditional approach to pricing doesn’t work anymore due to the high variability in the market. Dynamic pricing has become the need of the hour, and we are seeing significant interest from PMSs and large property managers wanting to use PriceLabs.”
PriceLabs says that it needs to work with PMSs to send its price recommendations to booking channels. To make it seamless for users, it already integrates with over 50 PMSs, and as more customers look to use the company, the team came up with an open API framework.
Verma added: “We have made it easy to access our solution with this API launch. We are eagerly waiting to welcome PMSs of any size and grow our family.”
Hospiria COO Richard Bridger said: “We have been using PriceLabs at UnderTheDoormat for several years now, and integrating PriceLabs’ new API into Hospiria was a no-brainer. The integration was seamless, the technology is robust, and the team has been really receptive to new developments as we build our solution.
“I am looking forward to PriceLabs being a vital part of the Hospiria platform over the coming years,” he added.
Founded in 2014, PriceLabs has priced over hundred thousand listings in more than 95 countries.