US Stock Movement | InterContinental Hotels pre-market down 4.3%, UK launches investigation into chain hotel group over data sharing issues

GlobeNewswire March 2 | InterContinental Hotels Group (IHG.US) pre-market down 4.3%, at $133.07. According to reports, the UK’s Competition and Markets Authority (CMA) has launched investigations into Hilton Hotels, InterContinental Hotels, and Marriott Hotels, suspecting that these hotels shared competitively sensitive data through STR, a hotel data analytics tool owned by CoStar, a commercial real estate information company. (GlobeNewswire)

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