The Federal Trade Commission (FTC) announced a new rule requiring hotels, vacation rental platforms, and live event promoters to clearly disclose all fees upfront when advertising prices. This aims to eliminate surprise 'junk fees' and save consumers time. The rule mandates businesses to include all mandatory fees in advertised prices and disclose taxes or shipping fees before payment.
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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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FTC Pricing Fees Disclosure Consumers Hotels Vacation Rentals Live Events Junk Fees
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FTC to Require Upfront Fee Disclosure for Hotels, Rentals, and EventsThe Federal Trade Commission (FTC) announced a new rule requiring hotels, vacation rental platforms, and live event promoters to disclose all fees upfront when listing prices. The rule aims to combat 'junk fees' that surprise consumers after they've initially seen advertised prices. Businesses will need to clearly and conspicuously display the true cost, including mandatory fees, and disclose additional taxes or shipping fees before customers provide payment information.
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