15 famous hotels in Tokyo investigated by Fair Trade Commission over possible price fixing

Hotels had been meeting for decades to exchange insider information regarding occupancy rates and future pricing projections.

If you were putting together a who’s who of famous fancy hotels in Tokyo, you’d have to start with the Imperial Hotel. The Hotel New Otani, Okura Tokyo, and Hyatt Regency Tokyo would also make the list, as they’re all long-established hotels providers of accommodation for travelers craving class and comfort while staying in the city center.

But it turs out there’s something less appealing that those hotels have in common too, which is that they’ve been warned by Japan’s Fair Trade Commission that something they’d been doing for a very long time could be considered a price-fixing antitrust…