By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 19hThis means that, throughout the economy, hotel prices are rising at a superinflationary rate, because Expedia - who command 80% of the market - are pushing those prices up. 18514
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 19hThis goes a long way to explaining why US hotel rates rose *58%* from a 2020 average of $103/night to a 2025 average of $162/night. It explains why hotel prices rose by 5% *last year*, which is *double* the rate of inflation. 110021
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 19hAnd this is why Expedia stock is up 65% since the start of the Iran war, a fact that Expedia CEO Ariane Gorin attributes to "higher margins" from "higher prices": s202.q4cdn.com/757635260/fi...s202.q4cdn.com 1713
