Germany Probes Expedia and Booking.com on Hotel Rate Contracts
by Aoife White and Gaspard Sebag, Bloomberg
Expedia Inc. and Priceline.com Inc.'s Booking.com face a German antitrust probe into agreements with hotels that prevent online rivals from undercutting their prices.
Best-price clauses between online reservation platforms and hotels hinder other online services, the German cartel office said in an e-mailed statement today. The regulator banned another company, Hotel Reservation Service from using such clauses with German hotels, giving them until March 1 to delete them from existing contracts. ...Germany Probes Expedia and Booking.com on Hotel Rate Contracts