EU Designates Booking Holdings as 'Gatekeeper', Subjects to Strict Regulations

May 13, 2024, 10:40 AM

The European Union has recently designated Booking Holdings as a 'gatekeeper' under the Digital Markets Act (DMA), subjecting it to stringent regulatory obligations. This designation comes as part of the EU's ongoing efforts to regulate the market power of major technology firms. Booking Holdings, which had previously advocated for the DMA in hopes of benefiting from Google's similar designation, now finds itself under the same regulatory scrutiny. The company has been given six months to comply with the DMA regulations and submit a detailed compliance report. Additionally, the EU has launched an investigation into the regulatory status of the social media network X.