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UPDATE 1-Hungary fines Booking.com operator $7.6 mln for unfair practices [Reuters]
Last booking holdings inc. earnings: 2/26 04:04 pm
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UPDATE 1-Hungary fines Booking.com operator $7.6 mln for unfair practices (Adds Booking.com response) BUDAPEST, April 28 (Reuters) - Hungarian competition watchdog GVH has fined online reservation operator Booking.com 2.5 billion forints ($7.58 million) for unfair business practices, including misleading advertisements and psychological pressure on consumers. The watchdog said in setting the fine it had taken into account the Netherlands-based company’s fee income from the Hungarian market following a probe into the website launched in 2018. “Booking.com B.V. has led unfair business practices by misleading advertisements claiming free cancellation for some accommodation as well as by exerting aggressive psychological pressure to facilitate faster bookings,” the GVH said. A Booking.com representative said in an email response to Reuters that the company was “disappointed by this decision by the Hungarian Competition Authority.” “Everything on our website, including how we display price
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- Global Travel Concerns Are Driving Down Bookings Holdings' Stock. Is the Travel Giant Still a Good Long-Term Buy? [Yahoo! Finance][Yahoo! Finance]
- Cherry Blossom Demand Highlights Booking Holdings Valuation And Asia Travel Potential Dig Deeper [Yahoo! Finance Canada][Yahoo! Finance Canada]
- A $4,000 Stock Is About to Become Affordable: Inside Booking's Historic Split [Yahoo! Finance][Yahoo! Finance]
- Booking Holdings to Webcast First Quarter 2026 Financial Results on April 28[PR Newswire]
- Online Travel Booking Platforms Market to Grow by $300 Million During 2026-2030 - Personalized Travel, Dynamic Pricing, and Integrated Itineraries Present Lucrative Growth Opportunities for Vendors [Yahoo! Finance Canada][Yahoo! Finance Canada]
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