Thursday, August 2, 2012
Hotel Price Fixing Online? A Scandal is Brewing in the UK (One That Involves Multi-National Firms)
And that could be thanks to a number of large online travel agencies. Britain's Daily Telegraph is breaking the story that the government here is investigating whether Expedia, Booking.com and other large travel companies strong-armed hotels into fixing prices, so that they wouldn't be undercut. According to investigators, hotels were told that if they posted prices different from what was posted on the major online sites, they'd be banned from these sites, a dangerous prospect for a small, unknown hotel.
For the complete story, click here.