Spain Imposes €413M Fine on Booking.com for Antitrust Violations
The travel giant is penalized for unfair practices that restrict hotel pricing and competition from rival platforms.
- Spain's antitrust agency fined Booking.com €413 million for abusing its dominant market position.
- The regulator found that Booking.com imposed unfair conditions on hotels, limiting their ability to offer lower prices elsewhere.
- Booking.com allegedly used its market share to prevent rival travel agencies from competing effectively.
- The company plans to appeal the decision, arguing that such issues should be addressed at the EU level.
- The investigation was prompted by complaints from Spanish hotel associations in 2021.