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There's no such thing as "overcharging". Market pays whatever market is willing to pay. These sites can charge a million dollars per booking if they want, as long as there's a person willing to pay.

This isn't some crazy situation without competition, like charging US military $50 for a can of coke.




Aren't all the big hotel booking sites owned by the same company?


No.

Booking.com, Priceline are owned by Booking holding

Expedia, Kayak are owned by Expedia Group

TripAdvisor is owned by Liberty Media

Airbnb is private.




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