Good news! "Hotel prices could fall after OFT...

August 9 2013 , Written by Ola Fagbohun Published on #Travel

Good news! "Hotel prices could fall after OFT investigation into comparison sites" #Travel http://t.co/4XXd7h5i13
Ola Fagbohun (@DiverseTraveler)August 09, 2013

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Hotel prices could fall after OFT investigation into comparison sites

Hotel room prices could fall across the board in the UK following the results of an investigation by the Office of Fair Trading. The probe into the world's two biggest reservation services, Booking.com and Expedia.com, and IHG Group, which controls the Holiday Inn, Crowne Plaza and InterContinental chains, centred on allegations that the major booking sites were insisting on 'rate parity' from hotel chains, which prevented competitive discounting of room rates.

http://www.theguardian.com/business/2013/aug/09/hotel-prices-oft-comparison-booking-expedia

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