UK launches competition probe into Hilton, IHG and Marriott [Yahoo! Finance]
CoStar Group, Inc. (CSGP)
Last costar group, inc. earnings: 4/28 04:02 pm
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Source: Yahoo! Finance
The UK's competition regulator has opened a formal investigation into three global hotel groups over concerns about potential information sharing linked to pricing data. The inquiry by the Competition and Markets Authority (CMA) will examine whether the use of a shared hotel data platform may have reduced competition in the UK hospitality market. The CMA said it is assessing whether data provided through a hospitality analytics service could have allowed rival hotel operators to better predict each other's commercial behaviour. The regulator has not reached any conclusions and stated that the investigation is at an early stage. Data platform under review At the centre of the competition probe is the use of the STR data platform, operated by CoStar Group. STR provides aggregated market data to hotels, including information on occupancy levels and average daily room rates. The CMA is investigating whether the exchange of this information between competing hotel businesses may
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CSGP
Earnings
- 2/24/26 - Beat
CSGP
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- CSGP's page on the SEC website