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Embroiled in a price-fixing scandal

USA: STR and hotel chains accused of manipulating room rental prices

The situation is still opaque: was the data from CoStar/STR used for "secret price-fixing"? / © Carlo Muza, Unsplash

1.3.2024

In a groundbreaking development, CoStar Group, a household name in commercial real estate data and parent company of STR, as well as several luxury hotel operators, including Hilton, Hyatt, Marriott, and others, might be embroiled in a significant legal battle. Accusing hoteliers of using common data to keep room rental prices artificially high in at least 15 major US cities, this lawsuit could reshape hotel pricing, revenue management and competition in the US, and beyond.

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Autor

Sarah Douag

worked for a travel agency before she started writing for French media. From Cannes and Paris, she moved to lively Amsterdam, where she analyzes international hospitality trends and their backgrounds with razor-sharp precision.