Spain's antitrust watchdog fines Booking.com nearly $450M for unfair terms and restricting rivals
Booking Holdings(BKNG) TechCrunch·2024-07-31 02:17
Spain’s competition authority, the CNMC, has found that online travel agency Booking.com abused a dominant market position over the past five years. It fined the company €413.24 million (or around $447 million at current exchange rates) on Tuesday.The CNMC opened an investigation of Booking.com back in October 2022, following complaints by the Spanish Association of Hotel Managers and the Regional Hotel Association of Madrid. The watchdog’s probe confirmed that Booking imposed unfair terms and conditions on ...