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WASHINGTON (AP) — President Joe Biden is hosting executives from LYV" target="_blank">Live Nation (LYV), ABNB" target="_blank">Airbnb (ABNB) and other companies at the White House on Thursday to highlight his administration's push to end so-called junk fees that surprise consumers.
At the White House, Live Nation is announcing that it will provide customers with upfront all-in pricing for its owned venues by September and that Ticketmaster will give consumers the option to view all-in pricing upfront for other venues on the live-entertainment tickets platform. SeatGeek will also unveil features to make it easier to browse for tickets with the true cost displayed. Airbnb rolled out its all-in pricing tool in December after Biden first called on companies to stop hiding fees.
“President Biden has been working to lower costs for hardworking families by bringing down inflation, capping insulin prices for seniors, and eliminating hidden junk fees," National Economic Council director Lael Brainard said in a statement. "More companies are heeding the President’s call so that Americans know what they’re paying for upfront and can save money as a result.”