Spanish Competition Authority considers that the American giant imposes the best prices on the platform, an unfair competition practice. Booking.com believes that it is up to Europe to decide this question and not to Spain.
The company will appeal the decision of the Spanish Authority, which did not prevent the stock from falling on Friday. In addition to being chilled by the prospect of this fine, investors were disappointed by the forecasts of results for 2024. Those for 2023 were record, boosted by the strong recovery in international travel around the world.