Online travel agency Booking.com has reportedly offered concessions in an effort to end several investigations throughout the EU into the company.
The company, a unit of US-based Priceline, has reportedly proposed a settlement with the competition authorities of France, Sweden and Italy. The European Commission, which announced the concession offer Monday, is coordinating the cases, though is not conducting its own probe.
According to the Commission, Booking.com has proposed abandoning the parity requirement regarding hotel prices hotel groups can offer to rival online travel agents. That parity requirement, included in Booking.com contracts, forces hotels to offer the same or better hotel room prices to Booking.com as they do to other online or offline travel agencies.
Reports say the three regulators have until January 31 to respond to the offer.
Full content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI