Amsterdam, April 21, 2015 – Today Booking.com, an operating business of The Priceline Group [NASDAQ: PCLN] announced its support of recent decisions by the National Competition Authorities in France, Italy and Sweden to accept amendments to Booking.com’s parity commitments in respect of hotels located in those countries.
Under the new commitments, Booking.com will abandon its price, availability and booking conditions parity provisions with respect to other online travel agencies. This will create an environment that supports increased transparency and competition among online travel agencies which will ultimately benefit consumers, as well as hoteliers, by encouraging the freedom for properties to offer different pricing and booking policies (e.g. free cancellation, WIFI, breakfast) through different online travel agencies.
The ...Read more from this release