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Russian Competition Watchdog Forces Booking.com To Exclude Parity Clause From Contracts
Umer Jamshaid Published November 12, 2019 | 10:30 PM
Russian Federal Antimonopoly Service issued a warning to online travel accommodation aggregator Booking.com, asking it to exclude price parity clauses from its contracts with Russian hotels
MOSCOW (UrduPoint News / Sputnik - 12th November, 2019) Russian Federal Antimonopoly Service issued a warning to online travel accommodation aggregator Booking.com, asking it to exclude price parity clauses from its contracts with Russian hotels.
A so-called wide parity clause generally prevents a hotel from offering a better price to other travel agents. A narrow parity clause would allow them to offer better conditions but they would not be able to advertise it at their own website.
"The warning contains a demand to exclude parity clause on prices and rooms vis-a-vis third parties from its agreements with Russian entities providing accommodations services within a month," the watchdog said in a press release.
In June, a court in Germany overturned a 2015 decision of the country's anti-cartel agency that forbade Booking.com from using the narrow parity clause. In May, the company won a similar legal battle in Sweden, where a court overturned an earlier decision to ban narrow parity clauses.
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