After years of operating a Mafia-style racket, threatening hotels and rivals if they dared to offer discounts, Expedia and Booking.com have found a new way to play the system.
They've convinced the UK's competition bureau (OFT) that a free market for hotel rooms would be too risky because they won't be able to cover their investments in advertising and customer support. Instead they're proposing to limit our access to hotel discounts even more.
The OFT says this is 'credible' and accepts we should all pay extra for our hotels to support these companies. Globally that's $15m every day and we think
that's far too much. Do you?