Swiss investigate possible 'abusive pricing' by Booking.com

Associated Press |

GENEVA (AP) — A Swiss government agency says it has opened an investigation into possible "abusive pricing" by the online reservations provider Booking.com.

Under Swiss law, the price watchdog agency, a sort of consumer-protection and competition agency, has the authority to intervene and set market prices in cases where a company with dominant market position is deemed to have set prices unfairly.



Agency official Stefan Meierhans said Wednesday that it found "indications" of "abusive high prices charged to hotels" seeking a Booking.com listing. He said hotel guests were not affected directly.

The agency has said Booking.com was "not interested in an amicable solution" and "did not want to engage in negotiations with the price watchdog."

Booking.com, a subsidiary of U.S.-based Priceline Group, didn't immediately respond to e-mails from The Associated Press seeking comment.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Naked Brand Group Inc

Naked Brand Group Inc through its wholly-owned subsidiary is engaged in manufacturing and selling of direct and wholesale men's undergarments to consumers and retailers.

Private Markets

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…