Data set for sector upheaval
📑 In 2023, the UK’s Competition and Markets Authority (CMA) launched an investigation into Hilton, IHG Hotels, and Marriott for potentially sharing competitively-sensitive information via STR, owned by CoStar. This echoes a 2012 probe involving IHG, Expedia, and Booking.com over pricing agreements. The CMA may issue a statement of objections if it finds competition law violations. The investigation aims to clarify data-sharing practices in the hotel sector, with findings expected in around six months.
Share
