Sources: Japan antimonopoly watchdog to warn Tokyo hotels

Japan's antimonopoly regulator is expected to warn 15 major hotel operators in Tokyo to avoid sharing room pricing information with each other. Sources familiar with the matter say the Japan Fair Trade Commission has found that hotels in Tokyo, including The New Otani, The Imperial and The Okura have exchanged internal information in a way that could lead to illegal cartels. The sources say sales representatives and other officials of the hotels have met every month in Tokyo. They reportedly exchange information on occupancy rates, average daily prices and policies to set room rates. The monthly meeting is believed to