Skip to content
This site uses cookies. By continuing to browse, you agree to the use of cookies. You can change your settings or learn more here.
OK
#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal

UK hotels investigated in price-fixing scandal

UK holiday prices could fall dramatically after it was discovered that room rates were secretly fixed.
Apr 22nd 2011, 4:33 PM 1,384 4

HOTELS IN THE UK are being investigated over a suspected price-fixing scandal.

The Telegraph reports that hotels told travel agents not to offer rooms at discounted prices. The Office of Fair Trading in the UK has launched an investigation into alleged price fixing. Hotels found to be in breach of the rules could be fined tens of millions of euro.

The system of price fixing being investigated involves several hotel chains agreeing to sell rooms for exactly the same rate, and any hotel which went below that price was subject to “sanctions” imposed by the discounters themselves. The Telegraph says there is a substantial amount of evidence and correspondence between parties to indicate price fixing.

It’s thought that the end to the practice of fixing room rates could significantly reduce the cost of holidays and hotel stays.

Read all about it in The Telegraph>

#Open journalism No news is bad news Support The Journal

Your contributions will help us continue to deliver the stories that are important to you

Support us now

Send a tip to the author

Emer McLysaght

COMMENTS (4)

    Back to top