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On Jun 22, we initiated coverage on leading global hospitality company Hyatt Hotels Corporation (H).
Hyatt is fed up with Expedia's too-high commission rates and is ready to leave by July 31 unless things change.
Hyatt Hotels warned Expedia Thursday that an early departure may be imminent. The Chicago-based hotel chain could exit the Expedia platform by July 31 if the website doesn’t lower its commission rates, according to Hotels Magazine . The threat is seen as a part of a larger battle between hotels and online travel agents (OTAs).