August 27, 2012
There are a host of online travel websites from which to shop for hotels. They proclaim the best deals at the lowest prices. But are they all in cahoots with the hotel chains to boost profits?
A new lawsuit brings that very price-fixing question into the spotlight. The suit alleges online travel sites such as Expedia, Travelocity and Orbitz have all agreed to sell the same hotel room for the same price, leaving no room for price wars, NBC News reports.
A class-action suit against many of the online agencies and major hotel chains claims this anti-competitive behavior is alive and well. Lawyers tell NBC News that, "this is the industry's dirty little secret. They're not offering the lowest price or the best price, they're offering a fixed higher price." More
Booth, D. (August 24, 2012) Are Travel Websites and Hotels Fixing Prices? Retrieved on August 27, 2012 from http://www.cnbc.com/id/48781587