Booking Sites Agree To Nix Hotel Pricing Limits In Brazil

By Sophia Morris (March 29, 2018, 7:47 PM EDT) -- Brazil's antitrust agency said Thursday it has reached an agreement with travel booking sites, and Expedia requiring them to stop using allegedly abusive clauses in their contracts with hotel chains that limit the prices hotels can charge for their rooms.

The Brazilian Administrative Council for Economic Defense, known as CADE, said in a statement that it had come to the cease and desist agreement with BV, Brazilian site and Expedia Inc. to end the use of so called price-parity clauses that prohibit hotels from offering rooms on their own sites at a lower price than what is...

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