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VisitEU Designates Booking.com as 'Gatekeeper', Sets 6-Month Compliance Deadline
May 13, 2024, 10:10 AM
The European Union has designated Booking.com, operated by U.S.-based Booking Holdings, as a 'gatekeeper' under the Digital Markets Act (DMA), subjecting it to stringent regulatory requirements. This designation aims to enhance competition by providing holidaymakers with more choices and offering hotels greater business opportunities. Booking.com has been given six months to comply with these regulations and must submit a detailed compliance report. Concurrently, the EU is investigating the regulatory status of the social media network X.
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Markets
No • 50%
Yes • 50%
Booking.com's official press releases or major financial news outlets.
Yes • 50%
No • 50%
Public announcement by the European Union or Booking.com's official communications.
No • 50%
Yes • 50%
European Union official notifications or major news outlets reporting.
Increase in market share • 33%
No significant change • 33%
Decrease in market share • 33%
Market analysis reports or financial statements from Booking Holdings.
No significant changes • 33%
Seek exemptions or extensions • 33%
Implement similar changes • 33%
Official statements from competitive platforms or industry analysis reports.
Modify algorithms for hotel listings • 33%
Increase transparency in pricing • 33%
Enhance data portability for users • 33%
Booking.com's compliance report or detailed analysis by market experts.