German Watchdog Bans Hotel Booking Best-Price Deals

Law360, New York (December 20, 2013, 4:24 PM EST) -- Germany’s antitrust enforcer on Friday outlawed a policy by Robert Ragge GmbH’s Hotel Reservation Service requiring hotels to offer their lowest rates on its booking website, and signaled it could do the same to Expedia Inc. and Inc.’s BV.

The Federal Cartel Office had accused HRS in a 2012 statement of objections of depressing competition in the online travel booking business through the best-price clauses in its contracts with partner hotels. The clauses, which are used by other travel sites, bestow most-favored-nation status on...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.