Hyatt Hotels (H) told Expedia Inc. (EXPE) that it will leave the online travel agency's platform by July 31 unless Expedia lowers its stiff commission rates, the New York Post reported.

Expedia charges hotels 15% to 20% of a room rate in booking fees, Cowen analyst Kevin Kopelman said. But hotels have online travel agencies such as Expedia and Priceline (PCLN) to thank for about 10% of their bookings.

The tension between online travel agencies and hotels has been stirring for quite some time, Kopelman said, due in large part to a recent increase in agencies' market share.

Hyatt told its hotel owners they'll have to pay an increased ownership fee to fund an expanded loyalty program that offers discounts to customers who book directly with the hotel.

What's Hot on TheStreet

Snap is bleeding value: Snap Inc. (SNAP) fell nearly 5% by the close of trading on Wall Street Thursday, but never dipped below the $17 price that shares were sold at on March 2, when the company debuted on the Nasdaq with a $3.4 billion IPO. By the end of that first trading day, with shares rising more than 44%, Snap was valued at just under $33 billion.

Since then it has been all downhill for Snap, TheStreet's Martin Baccardax reports.

Investors have questioned the relevance of the company's Snapchat app in a market dominated by messaging services such as Facebook's (FB) WhatsApp and the business-focused Slack Technologies. Wall Street has also raised questions about its ability to monetize the billions of messages it handles each day.

The stock is now 41% south of the all-time high reached on March 3. Snap's market cap has shrunk about $13 billion.

General Electric remains hot on everyone's minds: Change is in the air within the executive ranks at industrial giant General Electric (GE) , which of course could mean deep cost cuts to jump-start a stalled stock price.

"The change is welcome," TheStreet's founder Jim Cramer said during an exclusive conference call with members of his Action Alerts PLUS club for investors about long-time CEO Jeff Immelt handing off the baton to John Flannery. "Flannery will make the tough cuts that Immelt seemed incapable of making. We're looking for $2 billion in savings."

The Deal's super reporter Ron Orol just dove deep into GE in this must-read.

Alibaba wants to dominate: TheStreet's Natalie Walters is live with the second part of her exclusive interview with Alibaba's (BABA) vice chairman Joe Tsai. Alibaba executive chairman Jack Ma recently made the bold prediction that the Chinese e-commerce giant would hit $1 trillion in gross merchandise value (GMV) by the 2020 fiscal year, and eventually serve two billion customers by 2036. Although Alibaba currently dominates the enormous Chinese market, achieving such lofty goals obviously would require a significant global expansion.

TheStreet takes you through Alibaba's big plans.

General Electric and Facebook are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells GE and FB? Learn more now.

Worried about how to pay for your golden years? Ken Fisher, founder of Fisher Investments, and TheStreet's Jim Cramer will tell you what you need to know in a June 21 webinar on the market trends that are shaping retirement planning today. Register here for the event, which starts at 11 a.m. ET.

If you liked this article you might like

Will Inflation Set Stocks' Hearts Aflutter or Be a Poison Arrow? -- Market Recon

Will Inflation Set Stocks' Hearts Aflutter or Be a Poison Arrow? -- Market Recon

Earnings Season: Time to Clean House

Earnings Season: Time to Clean House

A Short Play on Hyatt Hotels

A Short Play on Hyatt Hotels

Las Vegas Strip Shooting Massacre Unsettles Hotel, Restaurant Stocks

Las Vegas Strip Shooting Massacre Unsettles Hotel, Restaurant Stocks

Bahamas Hyatt Hotel to Guests: If Hurricane Irma Hits, Get Out

Bahamas Hyatt Hotel to Guests: If Hurricane Irma Hits, Get Out