Major antitrust suit alleges 6 hotel chains, with Bay Area locations, colluded to fix prices [CBS News]
Choice Hotels International, Inc. (CHH)
Last choice hotels international, inc. earnings: 2/18 08:12 am
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Source: CBS News
Plaintiffs and proposed class representatives are eight individual consumers who stayed at one or more of the hotel chains in the last four years. The 41-page complaint alleges that Integrated Decisions and Systems, Inc. or "IDeaS" of Minnesota, and its parent company, SAS Institute, Inc, created and licensed software called "G3 RMS," that is the hotel industry's leading "revenue management system." The defendants allegedly promote their system as a way that industry operators can gain "competitive advantage" in pricing decisions, but it is actually an algorithmic tool to fix prices in an anticompetitive manner. The suit targets six familiar hotel chains: Hilton Worldwide Holdings Inc, Wyndham Hotels & Resorts, Inc, Four Seasons Hotels and Resorts US Inc, Omni Hotels and Resorts Inc, and Hyatt Hotel Corporation, in addition to Choice Hotels International Inc, which includes the budget conscious brands Comfort, Quality Inn, Sleep Inn, Econo Lodge, and Rodeway Inn. Collectively t
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CHH
Earnings
- 5/8/24 - Beat
CHH
Sec Filings
- 5/20/24 - Form 144
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- CHH's page on the SEC website