CoStar Faces Lawsuit Alleging It Helped Luxury Hotels Fix Room Prices
Skift Take
CoStar Group faces a consumer class action lawsuit alleging it conspired with luxury hotel operators like Marriott and Hilton to boost room rates artificially.
CoStar Group, the real-estate data giant, was hit last week with a consumer class action lawsuit alleging it enabled several hotel operators, such as Marriott and Hilton, to artificially boost their hotel rates.
The suit, brought by seven residents of California and Illinois, notes that CoStar's subsidiary STR shared data with five of its paying clients: Hilton, Hyatt, IHG, Loews, and Marriott.
The data let the hotel operators know about each other's room rates and occupancy.
