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Paris Hotels fined for price-fixing
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Six of the most opulent hotels in Paris have been fined by the French Competition Council for running a cartel on prices.
All six hotels – de Crillon, the Four Seasons George V, The Ritz, Plaza Athénée, the Meurice and Le Bristol – were fined a total of 709,000 euro (£484,000, US$835,000) with Hotel Crillon ordered to pay 248,000 euro (£169,000, US$292,000), the largest single fine.
According to French authorities, a four-year investigation revealed regular exchanges of confidential information among the six hotels regarding their businesses and their marketing plans.
Six of the most opulent hotels in Paris have been fined by the French Competition Council for running a cartel on prices.
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