Local & Community

New Rule Eliminates Hidden Fees for Concert Tickets and Hotel Bookings

The Federal Trade Commission (FTC) has announced a major shift in pricing transparency for live events and hotel bookings. Starting in four months, a new rule will require companies in these industries to display the full price upfront, including all fees. This new rule aims to eliminate the practice of hidden fees, often seen in ticket sales and hotel bookings, which have long frustrated consumers. The FTC's decision is a significant step in ensuring that what consumers see is what they pay for, preventing bait-and-switch tactics where additional costs are added at checkout. The bipartisan rule passed with a 4-1 vote, with Andrew Ferguson, the lone dissenting member, who was appointed by former President Trump. The rule applies to both live event ticketing and lodging, ensuring that prices displayed at the time of purchase reflect the true total, including any service fees, taxes, or other additional charges. The change is expected to bring greater transparency and fairness to industries that have often been criticized for unclear pricing structures. The rule will go into effect in approximately four months, giving companies time to adjust their pricing models. This move is expected to benefit consumers, giving them a clearer picture of what they are paying for without hidden costs.

By: NBC Palm Springs

December 17, 2024

FTC ruleticket priceshotel feesfull price disclosurehidden feeslive eventslodgingFederal Trade Commissionpricing transparencyconcert tickets
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New Rule Eliminates Hidden Fees for Concert Tickets and Hotel Bookings