The Federal Trade Commission says it will soon require hotels, vacation rental platforms and live event promoters to disclose any fees up front when they list prices.
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The FTC estimates the rule will save U.S. consumers 53 million hours per year of time spent searching for the true price of lodging or events. The FTC launched the rule-making process in 2022, asking for public input on whether a fee-disclosure rule might help eliminate unfair and deceptive pricing. The agency said more than 12,000 people commented.Ticketmaster and its parent company, Live Nation Entertainment, earlier this year. The government asked a court to separate the companies, saying they have a monopoly on concert promotion and ticketing that drives up price for consumers.
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