Booking.com Fined Over $447M By Spanish Regulator: Report
Booking.com Fined Over $447M By Spanish Regulator: Report
Additionally, the regulator noted that the company required hotels to settle legal disputes under Dutch law, leading to higher litigation costs for Spanish hotels.Travel technology firm Booking Holdings Inc (NASDAQ:BKNG) has been fined €413.2 million ($447.1 million) by Spain's competition regulator, CNMC.
旅行科技公司booking holdings（纳斯达克：BKNG）被西班牙竞争监管机构CNMC罚款4.1312亿欧元（4471万美元）。
What Happened: The CNMC stated that, since early 2019, Booking.com imposed several unfair conditions on Spanish hotels using its platform, reported the Wall Street Journal.
事件经过：CNMC表示，自2019年初以来，Booking.com在其平台上对使用该平台的西班牙酒店施加了几项不公平条件。据华尔街日报报道。
These conditions included prohibiting hotels from offering lower room prices than those listed on Booking.com, while the platform retained the right to reduce room prices unilaterally.
这些条件包括禁止酒店提供低于Booking.com所列房间价格的房间价格，而平台则保留单方面降低房间价格的权利。
Additionally, the regulator noted that the company required hotels to settle legal disputes under Dutch law, leading to higher litigation costs for Spanish hotels.
此外，监管机构指出，该公司要求酒店在荷兰法律下解决法律纠纷，从而导致西班牙酒店的诉讼成本更高。
The investigation was initiated following complaints in 2021 by industry groups including the Spanish Association of Hotel Directors and the Hotel Business Association of Madrid.
这项调查是在2021年由行业组织，包括西班牙酒店主任协会和马德里酒店业协会的投诉后启动的。
Also Read: Booking Holdings Teams Up With Visa to Aid Diners
此外还阅读：Booking Holdings与Visa合作帮助餐厅顾客
Why It Matters: The CNMC's ruling mandates several changes that Booking must implement to ensure fair competition in the market.
为了确保市场公平竞争，CNMC的裁决要求Booking必须实施几项变革。
With a market share between 70% and 90% in Spain, Booking was found to have restricted competition from other online travel agencies.
在西班牙市场占有70%至90%的份额中，Booking被发现限制了其他在线旅游平台的竞争。
The CNMC highlighted that the platform ranked hotels based on their bookings through Booking.com, thereby encouraging hotels to rely exclusively on its services for online bookings. This practice was deemed to stifle competition and limit consumer choices.
CNMC强调，该平台根据其在Booking.com上的预订情况排名酒店，从而鼓励酒店完全依赖其在线预订服务。这种做法被认为会扼杀竞争、限制消费者的选择。
A spokesperson for Booking Holdings said, "We strongly disagree with the outcome of the CNMC investigation," emphasizing that the EU's Digital Market Act should address these issues on a broader European level rather than on a country-by-country basis.
Booking Holdings的发言人表示：“我们强烈不同意CNMC调查的结果，并强调欧盟数字市场法应该从欧洲更广泛的层面上解决这些问题，而不是在国家层面上进行解决。
Price Action: BKNG shares closed higher by 0.91% at $3,720.99 on Tuesday.
价格波动：周二，BKNG股价上涨0.91%，收于3720.99美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
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Image: Shutterstock
图片：shutterstock
