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408 Spain Watchdog Fines Booking.com Nearly $450 Million For Abusing Its Dominant Position

Slashdot
msmash @ Slashdot · 07/30/2024 13:29 EDT

Spain Watchdog Fines Booking.com Nearly $450 Million For Abusing Its Dominant Position

Spain's competition watchdog said Tuesday it had slapped online travel agency Booking.com with a record $446.7 million fine for "abusing its dominant position" during the past five years. From a report: "These practices have affected hotels located in Spain and other online travel agencies that compete with the platform. Its terms and conditions create an inequitable imbalance in the commercial relationship with hotels located in Spain," the CNMC said in a statement. "By better positioning hotels with more.

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