10 years
John, I have come to the same conclusion as you have. By allowing different prices for other OTAs but not from the properties’ own websites, Booking ensures that properties won’t give more advantageous prices to their competitors. At this point it sounds like this move is just to pacify the Commission without actually changing their tactics.
Here are some articles in English:
Booking.com offers concession in bid to end competition probes
"Booking.com has proposed to abandon the parity requirement in respect of prices which the hotel makes available to other online travel agents," the Commission said in a statement.
It said however that booking.com, part of U.S. company Priceline Group Inc, could still have clauses in their agreements with hotels preventing them from offering discounts or lower rates on the hotels' own websites.
The concession by booking.com - if accepted by the three national regulators following the third-party feedback, or market test - would be valid across Europe.
Priceline Offers to Alter Hotel Contracts to End Probes
Priceline Group Inc. (PCLN)’s Booking.com has offered to drop a best-price contract clauses with hotels to end French, Swedish and Italian antitrust probes, European Union regulators said.
Booking.com has proposed scrapping a parity requirement that forces hotels across Europe to offer it the same price as other online travel agents, preventing rivals from undercutting it with lower prices, the European Commission said in an e-mail. Hotels would not be able to undercut Booking.com on bookings they make directly with customers.
Regulators are asking customers and competitors to comment on the offer by Jan. 31 . The EU said it’s “coordinating the national investigations” and isn’t running its own probe.
So if you have an opinion, you have until 31 Jan to send the investigators in France, Sweden, and Italy your thoughts. I don’t have the direct contacts where we should all send our comments. Does anyone else have those?
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