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Booking Holdings submits compliance report by EU deadline?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official EU or Booking Holdings public announcement
Story
EU Designates Booking Holdings as 'Gatekeeper', Enforces Strict Regulations
May 13, 2024, 10:35 AM
The European Union has designated Booking Holdings, the parent company of Booking.com, as a 'gatekeeper' under the Digital Markets Act (DMA), subjecting it to stringent regulatory obligations aimed at curbing its market power. This designation is part of the EU's broader crackdown on the dominance of major technology firms. Booking.com now has six months to comply with the new regulations and must submit a detailed compliance report. The EU believes this move will benefit consumers by providing more choices and will offer more business opportunities for hotels.
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