Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Top Stories

Italy regulator ends Booking.com probe as commitments ease competition concerns

Published by Uma Rajagopal

Posted on December 19, 2024

Featured image for article about Top Stories

MILAN (Reuters) – Italy’s competition watchdog AGCM closed an investigation into Booking.com as it found commitments offered by the online travel platform sufficient to address the competition concerns it had raised, it said on Thursday.

AGCM opened in March a probe into Booking.com to establish whether the travel website was abusing its dominant market position with its hotel price policy.

The regulator said the way Booking.com’s Preferred Partner Programme was handled “seemed likely to hinder effective competition in the market, at least nationwide, for online hotel brokerage and reservation services,” resulting in higher prices and less choice for consumers.

Booking.com submitted a number of commitments to ensure that prices offered by hotels on other online channels would not be taken into account at any stage when managing and promoting those that are part of the programme.

(Reporting by Gianluca Semeraro, editing by Giulia Segreti)

;