AMSTERDAM, Nov 14 (Reuters) - Hotel reservation website
Booking.com must comply with strict EU obligations as
of Thursday, following its designation as a "gatekeeper" under
the Digital Markets Act in May, the European Commission said.
The Digital Markets Act (DMA) is one of the most stringent
regulations targeting tech giants' market dominance, imposing
tougher obligations to moderate content, allow fair competition
and make it easier for consumers to switch between services.
Booking said it was in full compliance with the new EU
rules, following "intense efforts" across its business.
"We are confident that our compliance solutions satisfy the
requirements of the DMA and deliver the experience that both
travelers and our partners expect of us," the company said in a
blog post.
"We remain committed to continuing the constructive
discussions with the European Commission and interested
stakeholders," it said.
The DMA designates companies with more than 45 million
monthly active users and 75 billion euros ($79 billion) in
market capitalisation as gatekeepers, providing a core platform
service for business users.
If a gatekeeper does not comply with the DMA, the Commission
can impose fines of up to 10% of the company's total worldwide
turnover, which can go up to 20% in case of repeated
infringements. It can also impose limits on takeover activity.
($1 = 0.9520 euros)