- The American Hotel & Lodging Association plans to lobby against the "unfair" practices of online travel companies, according to a peek at board documents by Bloomberg.
- The group has its 2017 Legislative Action Summit planned for May 17 and is bringing in House Majority Whip Steve Scalise as a speaker.
- Naturally, Expedia (EXPE -0.9%) and Priceline (PCLN -0.3%) plan to defend themselves against the accusations from the AHLA by maintaining that their services are not monopolistic.
- Related stocks: H, RLH, PK, HLT, WYN, MAR, STAY, IHG, CHH, PCLN, TRIP, TZOO.
- Related ETF: PEJ.