Leveraging Pricepoint’s Rate Shopper for market insights without compromising independent pricing strategies.
While Pricepoint does not rely on competitors to create pricing strategies, as explained here, it includes a built-in Rate Shopper feature. This tool provides visibility into the prices of selected competitors, offering valuable market insights.
How It Works
- The Rate Shopper is not real-time; competitor prices are scanned at varying frequencies depending on the booking window.
- This feature is designed to provide reference points rather than influence Pricepoint’s independent, AI-driven pricing strategy.
How to Set Up Competitors
To add competitors to the Rate Shopper:
- Contact the Customer Success Team (click here).
- Provide the names of the competitor properties you'd like to include.
The team will assist in configuring your Rate Shopper to provide tailored market insights for your property.