French hotels fined for price fixing

30 November 2005
French hotels fined for price fixing

Six of Paris' most prestigious hotels have been fined nearly half a million pounds, after they were found to have been colluding over prices by the French competition watchdog.

Following a four year investigation by the French Council of Competition, the Bristol, the Crillon, the George V, the Meurice, the Plaza Athenee and the Ritz were fined a total of €709,000 (£485,000).

The Starwood Capital-owned Crillon was handed the biggest fine of €248,000 (£169,905), followed by Four Seasons' George V with €115,000 (£78,786), the Plaza Athenee €106,000 (£72,621), the Ritz €104,000 (£71,251), the Bristol €81,000 (£55,494) and the Meurice €55,000 (£37,684).

France's competition board found that the hotels had been exchanging confidential commercial information in a series of regular meetings and exchanges.

The average price of a room at the group of hotels is around €700 (£480), with the cheapest costing €500 (£343) and a suite costing up to €6,000 (£4,111).

Under competition law the hotels have a right to appeal the decision at the Tribunal de Paris.

By Emily Manson

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

Sudoku Join the craze and play Sudoku online!
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking