Spain's watchdog fines Booking.com €413 million
The country’s competition watchdog fined Booking.com a record 413 million euros for "abusing its dominant position" over the past five years
Booking.com's practices have affected hotels located in Spain and other online travel agencies that compete with the platform. Its terms and conditions create an unfair imbalance in the commercial relationship with hotels located in Spain, the CNMC said in a statement.
Key takeaways
- According to the CNMC, Booking.com's market share in Spain, the second most visited country in the world after France, was between 70% and 90% during the period under investigation;
- By better positioning hotels with more bookings on Booking.com, other online agencies were prevented from entering or expanding in the market," it added;
- This is the largest fine ever imposed by the CNMC.
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