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$122 Billion Travel Booking Group Booking.com Fined $530 Million in Spain by Anti-Competition Commission & Will Appeal Fine, Owns 5 Brands Including Booking.com, Priceline, Agoda, KAYAK & OpenTable
24th February 2024 | Hong Kong
Travel booking group Booking.com (23/2/24: $122 billion market value) had been fined $530 million in Spain by the anti-competition commission (Spanish National Markets and Competition Commission, CNMC), with Booking.com announcing it will appeal the fine. Announcement: “During the fourth quarter and full year 2023, the Company accrued a loss of $276 million related to the Netherlands pension fund matter and a loss of $530 million related to a draft decision by the Spanish competition authority, both of which have been excluded from Non-GAAP net income and Adjusted EBITDA. For more information regarding these matters, see Note 16 to the Consolidated Financial Statements to be filed with the Annual Report on Form 10- K for the year ended December 31, 2023.” Booking Holdings (NASDAQ: BKNG) is the world’s leading provider of online travel and related services, provided to consumers and local partners in more than 220 countries and territories through five primary consumer – facing brands: Booking.com, Priceline, Agoda, KAYAK and OpenTable. The mission of Booking Holdings is to make it easier for everyone to experience the world.
“ $122 Billion Travel Booking Group Booking.com Fined $530 Million in Spain by Anti-Competition Commission & Will Appeal Fine, Owns 5 Brands Including Booking.com, Priceline, Agoda, KAYAK & OpenTable “
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$122 Billion Travel Booking Group Booking.com Fined $530 Million in Spain by Anti-Competition Commission & Will Appeal Fine, Owns 5 Brands Including Booking.com, Priceline, Agoda, KAYAK & OpenTable
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