financetom
Technology
financetom
/
Technology
/
CoStar, luxury hotels defeat room rental price gouging lawsuit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CoStar, luxury hotels defeat room rental price gouging lawsuit
Sep 2, 2025 11:55 AM

Sept 2 (Reuters) - Commercial real estate data and

analytics company CoStar ( CSGP ) and a group of high-end hotels

have convinced a U.S. judge to dismiss a consumer lawsuit

claiming they improperly shared revenue and other data to keep

room prices artificially high.

Seattle-based U.S. District Judge Robert Lasnik on Friday

said the consumers had not presented enough evidence for now to

show that CoStar ( CSGP ) and six hotel operators, including Hilton

, Hyatt and Marriott ( MAR ), agreed to illegally

share information on prices.

The consumers had alleged that hotels were violating

antitrust law by sharing prices, room supply data and future

plans, allowing them to inflate prices in Washington, San

Francisco, New York, Nashville, Austin and other cities.

Lasnik's order gave the plaintiffs a chance to amend their

lawsuit and try to persuade him a second time.

CoStar ( CSGP ) general counsel Gene Boxer in a statement said the

company welcomed the decision.

"This lawsuit has never made any sense, and dismissal of the

entire case is and was inevitable," Boxer said. "We look forward

to the case checking out for good shortly."

Hilton, Hyatt and Marriott ( MAR ) did not immediately respond to

requests for comment, and neither did a lead attorney for the

plaintiffs.

CoStar ( CSGP ) and the hotels have denied any wrongdoing.

The lawsuit, filed last year, said hotels were using

CoStar's ( CSGP ) Smith Travel Research (STR) reports, which advertise

"performance benchmarking and comparative analytics" for the

hotel industry, to coordinate on room pricing.

CoStar ( CSGP ) and the hotels in court filings defended the reports,

which they said feature historical data on room availability and

revenue.

Lasnik said the plaintiffs were missing a "key ingredient"

in their lawsuit. The consumers, he said, had not shown that the

actual price of a hotel was either a required input into Smith

Travel Reports, or an output from the reports to the hotels.

The judge's order was the latest setback for plaintiffs

suing over hotel room prices. A U.S. appeals court last month

ruled for a group of Las Vegas hotels that were accused of

conspiring to overcharge guests.

The case is Jeanette Portillo et al v. CoStar Group ( CSGP ) et al,

U.S. District Court for the Western District of Washington, No.

2:24-cv-00229.

For plaintiffs: Steve Berman of Hagens Berman Sobol Shapiro

For CoStar ( CSGP ): Lawrence Buterman of Latham & Watkins

Read more:

Las Vegas resorts defeat hotel rate price-fixing class

action in US appeal

Marriott ( MAR ) wins US appeals order striking down data breach

class action

US Justice Dept backs medical providers' lawsuit over data

analytics software

Landlords, software maker Yardi must face price-fixing

lawsuit, US judge rules

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
First Solar Stock: A Deep Dive Into Analyst Perspectives (33 Ratings)
First Solar Stock: A Deep Dive Into Analyst Perspectives (33 Ratings)
Jul 8, 2024
First Solar ( FSLR ) has been analyzed by 33 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 14 17...
Former ASML CEO says US-China chip fight will continue
Former ASML CEO says US-China chip fight will continue
Jul 8, 2024
AMSTERDAM (Reuters) - The recently retired CEO of semiconductor equipment maker ASML said in an interview with Dutch radio station BNR on Saturday that U.S.-China disputes over computer chips are ideological and not based on facts, and they are set to continue. Wennink left in April after a ten year term at the helm of ASML that saw it become...
In-Depth Examination Of 7 Analyst Recommendations For AT&T
In-Depth Examination Of 7 Analyst Recommendations For AT&T
Jul 8, 2024
AT&T ( T ) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 3...
How Is The Market Feeling About Paycom Software?
How Is The Market Feeling About Paycom Software?
Jul 8, 2024
Paycom Software's ( PAYC ) short percent of float has risen 11.35% since its last report. The company recently reported that it has 2.30 million shares sold short, which is 4.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.46 days to cover their short positions on average. Why Short...
Copyright 2023-2026 - www.financetom.com All Rights Reserved