According to news from Qantasm, the Director of Quantas Airways Limited has stepped down. Corinne Namblard’s involvement in Italian court procedings was stated as the reason for her resignation in light of alleged involvement in a scandal involving Italy’s Monte dei Paschi di Siena, the world’s oldest bank.
price fixing
Big OTAs and Big Hotels in Price Fixing Lawsuit
A federal lawsuit naming the likes of Expedia, Orbitz, Booking.com, Travelocity, Trump International Hotels Management, Intercontinental, Kimpton, Sabre Holdings, Priceline, Marriott, Starwood, and Hilton alleges the companies conspired to fix hotel room prices. According to the news from Reuters, the suit claims the travel giants did so in an effort to fend off competition from smaller online retailers.