A PYMNTS Company

Switzerland: Regulator begins proceedings against Booking.com

By  |  September 13, 2017

A Swiss government agency says it has opened an investigation into possible “abusive pricing” by the online reservations provider Booking.com.

Under Swiss law, the price watchdog agency, which has oversight of consumer protection and competition, has the authority to intervene and set market prices in cases where a company with dominant market position is deemed to have set prices unfairly.

Agency official Stefan Meierhans said Wednesday, September 13, that it found “indications” of “abusive high prices charged to hotels” seeking a Booking.com listing. He said hotel guests were not affected directly.

The agency has said Booking.com was “not interested in an amicable solution” and “did not want to engage in negotiations with the price watchdog.”

Booking.com, a subsidiary of US-based Priceline Group, didn’t immediately respond to emails from The Associated Press seeking comment.

Full Content: The Local

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.