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- Zacks
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- Skift
Booking.com Hit With EU’s ‘Gatekeeper’ Status, Faces Tighter Regulation
Online travel giant Booking.com will be held to a stricter regulatory standard in 27 European countries, but it remains to be seen what the true impact will be.
- Associated Press Finance
US company Booking Holdings added to European Union's list for strict digital scrutiny
Booking Holdings, the U.S. company that owns Booking.com and a number of other travel websites, has been added to the European Union's list of companies now under heightened digital scrutiny. The European Commission, the EU’s executive branch, said Monday that it’s classing Booking Holdings as an online gatekeeper and that the company’s Booking.com hotel reservation site meets the threshold to be classed as a “core platform service” under the 27-nation bloc's Digital Markets Act. European Commission Executive Vice President Margrethe Vestager said the decision means that vacationers "will start benefiting from more choice and hotels will have more business opportunities.”
