Booking.com Must Adhere to EU's Digital Markets Act
The European Commission enforces new rules to promote fair competition and transparency in digital marketplaces.
- Booking.com has been designated as a 'gatekeeper' under the EU's Digital Markets Act, requiring compliance with new regulations.
- The Digital Markets Act aims to ensure fair competition by allowing hotels and travel services to offer better rates on alternative platforms.
- Booking.com must provide continuous, real-time access to data generated by hotels and customers, facilitating innovation and competitive offers.
- Failure to comply with the Digital Markets Act could result in fines up to 10% of Booking Holdings' global turnover, with higher penalties for repeat offenses.
- Booking.com has submitted a compliance report to the European Commission, asserting its adherence to the new regulations.