"The Competition and Markets Authority (CMA) is looking into whether Hilton, Marriott, Holiday Inn owner InterContinental Hotels Group and CoStar colluded over price by sharing information through the use of data analytics tools and so-called algorithms to help them make commercial decisions."
"The CMA said that when rivals share competitively sensitive information through a data provider, it can allow them to predict what each other will do and to coordinate pricing. At this stage, no assumptions should be made about whether the law has been broken, the CMA said."
The UK Competition and Markets Authority (CMA) is investigating Hilton, Marriott, InterContinental Hotels Group (Holiday Inn owner), and CoStar over suspected anticompetitive behavior. The investigation focuses on whether these companies shared competitively sensitive information through data analytics tools and algorithms to coordinate pricing decisions. The CMA explains that when competitors share sensitive commercial information via data providers, they can predict rival actions and coordinate pricing strategies. The watchdog emphasizes that no legal violations have been presumed at this stage. Following investigation and information gathering, the CMA may issue a statement of objections if it determines competition law has been breached.
Read at www.independent.co.uk
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