GVH initiates an accelerated procedure against Booking.com
The Economic Competition Authority (GVH) is launching an accelerated sectoral investigation against the Dutch accommodation broker Booking.com, because the company did not pay its debts to the Hungarian accommodation providers. The tourist agency launched a legal aid service.
The subcommittee is investigating what steps are needed to prevent a large multi-company from abusing its dominant position and accumulating debts of several billions.
According to Kristóf Szatmáry (Fidesz), the chairman of the meeting, it is not true that the service provider has settled all its debts to the Hungarian accommodation providers. It turned out that not all companies had access to their accounts receivable. The current “pressure” case will not be closed until all companies get their money, he added after the meeting. All proposed changes to the law will be examined so that such violations do not occur again. If the payments are not made by the beginning of next week, the measures will be continued, perhaps another committee meeting will be held – said Kristóf Szatmáry.
Related news
KSH: the number of guest nights increased by 25 and the number of guests by 30 percent compared to March 2023
The number of guest nights increased by 25 percent and…
Read more >NGM: the performance of the tourism sector is growing dynamically
The performance of the tourism sector is growing dynamically, the…
Read more >GVH: The postponement of certain amendments to the Competition Act is justified
The Economic Competition Authority (GVH) agrees with the postponement of…
Read more >Related news
Euro zone inflation was 2.4 percent in April as well after March
In line with analysts’ expectations, annual inflation in the euro…
Read more >Gergely Suppan: the recession is clearly over in Hungary
The recession is clearly over in Hungary, from now on…
Read more >K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the…
Read more >