7 sources·Business

FTC Mandates Upfront Fee Disclosure for Lodging and Ticketing Industry

New FTC rule requires hotels and event promoters to disclose all fees upfront, aiming to eliminate hidden charges for consumers.

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Updated: Dec 17th, 2024, 5:31 PM ET

Summary

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The Federal Trade Commission has approved a new rule requiring hotels, vacation rental platforms, and event promoters to disclose all fees upfront. This regulation, effective in 120 days, aims to eliminate 'junk fees' that surprise consumers during the payment process. FTC Chair Lina Khan emphasized the need for transparency in pricing, claiming it will save consumers 53 million hours annually in searching for true costs. While the rule has garnered support from companies like Ticketmaster, it faced dissent from some business groups regarding its implications on pricing structures.

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