New York Hilton in midtown Manhattan on January 11, 2024. Photo: Ryland West/ALM Real Estate Research Firm Seeks Dismissal of 'Algorithmic Pricing' Lawsuit
CoStar Group and six luxury hotel chains have filed a motion to dismiss a proposed antitrust class action that claimed defendants colluded to hike hotel room prices through the shared use of data analytics.
May 24, 2024 at 11:01 AM
4 minute read
What You Need to Know
- Real estate research firm CoStar and six hotel chains have filed a motion to dismiss a putative class action accusing them of using data analytics to inflate room prices.
- The case reflects a broader trend of lawsuits in the past two years targeting algorithmic pricing in the hospitality and rental industries.
- As these cases draw greater scrutiny from the Justice Department and lawmakers, they have the potential to affect other sectors that use pricing algorithms, such as health care.
CoStar Group and six luxury hotel chains have filed a motion to dismiss a proposed antitrust class action that claimed the defendants colluded to hike hotel room prices through the shared use of data analytics.
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