Experts skeptical Strip hotels colluded to fix hotel room rates
A number of hotel operators on the Strip were accused of artificially inflating the prices of hotel rooms this week in a class action lawsuit. But several hospitality and business experts have expressed skepticism that the Strip hotels colluded.
The lawsuit, filed by Seattle-based law firm Hagens Berman, said a revenue management platform used by a majority of Strip hotels used real-time pricing and supply information data from competitors to design rate recommendations that “unlawfully maximize profits for its hotel operator users.”
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