MADRID, July 30 (Reuters) - Spain's anti-trust watchdog
fined the online reservation group Booking.com 413.2 million
euros ($448 million) for abusing its dominant market position in
the country for the last five years.
The regulator, CNMC, said in a statement on Tuesday it was
imposing two fines of 206.6 million euros on Booking.com, a unit
of New York-listed Booking Holdings ( BKNG ).
Booking.com had since 2019 been taking advantage of its
70%-90% market share to impose unfair conditions on hotels, and
restricted competition from other providers, CNMC said.
Booking Holdings ( BKNG ) intends to appeal the fines as it strongly
disagrees with the "outcome of CNMC's investigation", a company
spokesperson said in an email, adding it considers the issue
should be debated under the European Union's Digital Markets Act
rules.
The group can appeal the fines in Spain's high court, CNMC
said.
The proceedings stemmed from two complaints filed by the
Spanish Association of Hotel Managers (AEDH) and the Madrid
Hotel Business Association in 2021.
CNMC said the booking website bans hotels from offering
lower prices on their own sites than on Booking.com, while
unilaterally imposing price discounts on hotel rooms without
consulting the hotels.
Booking.com also forces Spanish hotels to sue in the
Netherlands in case of conflict, CNMC said.
To keep its high market share, Booking.com offers benefits
to hotels who bring it more fees, limiting the ability of
alternative service providers to convince hotels to work with
them.
($1 = 0.9232 euros)
(Reporting by Inti Landauro, editing by Sarah Young, Louise
Heavens and Emelia Sithole-Matarise)