The HotelsRating Independence Charter
Adopted June 2026 · Version 1.0 · Companion to the methodology
A rating is only worth what its independence is worth. The HotelsRating Index exists because the companies big enough to rate hotels make their money from the hotels being rated. This charter is our structural answer: not a promise to behave, but a set of constraints on who can own us, who can pay us, and what money can buy here.
1. Ownership
No hotel group, hotel operator, online travel agency, metasearch platform, hotel marketing or distribution company, nor any entity controlled by or affiliated with them, may directly or indirectly hold more than 5% of the equity of the company that operates the HotelsRating Index, or hold a seat on its board, or hold contractual rights over editorial or methodological decisions.
The founder undertakes not to sell control of the company to any entity of the industry it rates. This undertaking survives any financing round: every future investment agreement will incorporate the restrictions of this section as binding provisions, and prospective investors are screened against them before any discussion of terms.
2. What money cannot buy
No payment, subscription, commission, partnership, or commercial relationship of any kind can affect a hotel's score, medal, percentile, or position in any ranking. This is enforced structurally, not editorially: scores are computed nightly by a published formula from independent data, and the formula has no input that money can reach.
What hotels can pay for is published openly: management tooling, analytics, and independent verification whose fee is fixed and whose results publish whether they raise or lower a score. The right to reply and factual corrections with evidence are free, for every hotel, forever, and will never sit behind a paywall.
3. Revenue diversification
No single revenue stream, and no single client, may account for more than 50% of the company's revenue on a sustained basis. A rating agency that depends on one payer answers to one payer. We publish our revenue model categories so that readers can see who pays us; we do not publish client identities, but we cap their weight.
4. Transparency obligations
The methodology, its parameter table, its prestige weighting of award bodies, and its calibration anchors are public and versioned (hotelsrating.com/methodology; specification of record: DOI 10.5281/zenodo.20670591, the versioned deposit of record to which the live page is synchronized). Material changes to the methodology are announced in a changelog before they affect published scores. Manual factual corrections to underlying data are logged with their basis. Affiliate relationships are disclosed, and affiliate commissions are not inputs to any score.
5. Enforcement and evolution
This charter is published before any external investment exists, so that it binds the company at its cheapest moment to break it. At the first external financing, sections 1-3 become contractual provisions of the shareholder agreement. As the company matures, we intend to evaluate steward-ownership structures that place the integrity provisions of this charter beyond the reach of any future owner, including the founder.
If we ever amend this charter, the amendment, its rationale, and the full prior text will remain published side by side.
Why a hotel dealmaker built an independent rating
HotelsRating was founded by someone who spent years on the other side of the table: arranging hotel transactions for institutional buyers. That work is the reason this rating exists. Every hotel rating I had relied on was either gameable or quietly for sale, and there was no honest, independent signal of what a hotel was actually worth in reputation terms.
So I built one, and then I walled it off from my own deals.
The founder continues to work in hotel-asset transactions. Here is the wall, and it is something you can check rather than something we ask you to believe:
- The rating is computed by a public, versioned formula, deposited under a permanent identifier. No payment, and no engagement of the founder, can change a hotel's score. (Independence Charter, section 2.)
- That transactional work uses only the public HotelsRating Index, the same data any reader sees. It gets no private access and no early look.
- If the founder is ever commercially close to a hotel beyond an ordinary service, that hotel is taken out of the rating while the relationship is live, and the relationship is disclosed on the hotel's page afterward. We would rather show no score than one we are too close to.
The formula is public, and any change to it is logged and deposited before it can affect a score. You do not have to trust the wall. You can inspect it.
Signed,
Alexander Green, Founder, HotelsRating · June 2026