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OFT issues Statement of Objections against Booking.com, Expedia and Intercontinental Hotels Group
The OFT today issued a Statement of Objections alleging that Booking.com B.V. (Booking.com), Expedia Inc (Expedia) and InterContinental Hotels Group plc (IHG) have infringed competition law in relation to the online supply of room only hotel accommodation by online travel agents. The Statement of Objections alleges that Booking.com and Expedia each entered into separate arrangements with IHG which restricted the online travel agent's ability to discount the price of room only hotel accommodation. The OFT considers that the alleged infringements are, by their nature, anti-competitive in that they could limit price competition between online travel agents and increase barriers to entry and expansion for online travel agents that may seek to gain market share by offering discounts to consumers.....Read more here: OFT issues Statement of Objections against Booking.com, Expedia and Intercontinental Hotels Group - The Office of Fair TradingYou must be logged in to post a comment.
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