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Russian Competition Watchdog Opens Investigation Into

Published on Jan 6 2020 10:00 AM in Hotel tagged: Trending Posts /

Russian Competition Watchdog Opens Investigation Into

Russia's Federal Anti-monopoly Service (FAS) has opened an investigation into hotel reservation website, the regulator has announced.

The FAS said that the company has asked hotels and hostels to offer the same prices on rival reservation websites as on did not immediately respond to a request for comment.

Potential Fine

If found to be in breach of Russian anti-monopoly laws, the company could face a fine of between 1% and 15% of its revenue generated in Russia.

The Russian investigation follows a case against the company in the European Union, where last month it committed to bring its practices in line with EU consumer law.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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