Six of Paris' most prestigious hotels have been fined for sharing commercial information, helping to keep prices artifically high. The Crillon, Bristol, Meurice, Piazza Athenee, Ritz and George V hotels were accused of operating a cartel by competition regulators.

A four-year investigation found they shared details of room rates averaging more than 700 euros (£480) a night. The six establishments have been fined a total of 709,000 euros.

The Competition Council found that the six hotels had exploited their position at the luxury end of the market to effectively regulate prices.

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