PriceLabs has launched AI Insights, a new GenAI tool to simplify complex data for property managers and hosts.

PriceLabs, a leader in revenue management solutions, has unveiled a new feature—’AI Insights’. It aims at transforming how revenue management data is utilized in the property management industry. This tool uses GenAI to translate detailed data charts into straightforward, concise text, aiding in quick decision-making.

AI Insights converts complex information regarding market trends, prices, and occupancy into easy-to-understand sentences. This process highlights key data points like peak demand periods or notable pricing patterns, which are crucial for property managers to respond effectively to market changes.

Richie Khandelwal, co-founder of PriceLabs, noted that integrating GenAI with their platform is a strategic move to make advanced data analytics more accessible to users, facilitating immediate application in business strategies.

This new feature is now available to all existing PriceLabs customers without additional charges and can be fully accessed through a free 30-day trial. This initiative is part of PriceLabs’ broader plan to expand the application of GenAI across their platform, aiming to continually enhance their tools based on user feedback and AI advancements.