HOME > BUSINESS > Article

Text Size

small

medium

large


15 Hotel Operators in Tokyo Warned over Possible Price-Fixing

15 Hotel Operators in Tokyo Warned over Possible Price-Fixing

Imperial Hotel Tokyo
Imperial Hotel Tokyo

   Tokyo, May 8 (Jiji Press)--Japan's Fair Trade Commission warned 15 luxury hotel operators in Tokyo on Thursday that their practice of exchanging information about room prices and other matters could amount to price-fixing conspiracy that violates the antimonopoly law.
   The FTC said that it issued the warning to have the hotel operators correct the practice as soon as possible rather than proceeding with its investigation as hotel fees in the Japanese capital have risen sharply due to a surge in the number of foreign visitors following the removal of COVID-19 restrictions.

To read a full story, please click here to find out how to subscribe.

BUSINESS

HEADLINES

POLITICS
Govt, LDP Likely to Skip Consumption Tax Cut in Steps against Inflation, Tariffs
ECONOMY
Nippon Steel Expects 42.9% Dive in FY 2025 Net Profit, Bracing for Tariff Impact
SPORTS
Outgoing IOC Pres. Bach Visits JOC, Expresses Gratitude for Years of Support
OTHER
Japan's Princess Aiko Visits Foreign Pavilions at World Exposition in Osaka

AFP-JIJI PRESS NEWS JOURNAL


Photos