Red Flags
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Hotels Etc
The controversies surrounding Hotels Etc highlight the importance of thorough due diligence when engaging with companies offering travel discounts or investment opportunities, especially those with limited transparency and a history of consumer complaints.
Quick summary on Hotels Etc
Hotels Etc, a company promoting itself as a provider of exclusive travel discounts through membership programs, has been the subject of numerous allegations concerning deceptive practices and unfulfilled promises.
Consumer Complaints:
Deceptive Discounts: Members have reported that the advertised exclusive discounts are either inaccessible or identical to publicly available offers, contradicting the company’s claims.
Hidden Fees: There have been instances where consumers experienced unauthorized charges after enrolling in “free” trial memberships, leading to unexpected financial obligations.
Cancellation Difficulties: Multiple reports indicate that the company employs aggressive retention tactics and often ignores cancellation requests, making it challenging for consumers to terminate their memberships.
Regulatory and Legal Concerns:
Lack of Transparency: Investigations have revealed that Hotels Etc operates without verifiable business licenses in Georgia or New York, raising questions about its legitimacy.
Unregistered Investment Activities: The company’s branch in Dix Hills, NY, purports to offer fund management services but lacks registration with the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA), suggesting potential regulatory violations.
These patterns of deceptive practices and regulatory non-compliance have led to significant financial losses for consumers and have attracted the attention of regulatory authorities.
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