logo
Dutch consumer groups prepare legal action against Booking.com, alleging inflated hotel prices

Dutch consumer groups prepare legal action against Booking.com, alleging inflated hotel prices

Reuters7 days ago
AMSTERDAM, June 26 (Reuters) - Two Dutch consumer groups said on Wednesday they are seeking affected customers for a legal claim against Booking.com (BKNG.O), opens new tab, one of the world's largest online travel agencies, over what they described as inflated hotel prices since 2013.
The Consumer Competition Claims Foundation (CCC) and the Consumers' Association said in a statement that Booking.com had allegedly been charging consumers too much for hotel rooms for years, leading to "hundreds of millions of euros in damage to Dutch consumers".
"We have done research and it shows that Booking has been violating competition rules and consumer law since January 2013," CCC Chairman Bert Heikens said.
Booking.com did not respond immediately to a request for comment.
In 2024, the EU's top court ruled that Booking.com's restrictions against hotels offering lower rates on their websites or on rival sites were unnecessary and could reduce competition, but also that such clauses were not anti-competitive under EU laws.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

France must squeeze spending or risk market backlash, says auditor
France must squeeze spending or risk market backlash, says auditor

Reuters

timean hour ago

  • Reuters

France must squeeze spending or risk market backlash, says auditor

PARIS, July 2 (Reuters) - France needs to get its public finances back on track this year or risk pressure from unforgiving financial markets to do so in the future, the national public audit office said on Wednesday. Centrist Prime Minister Francois Bayrou is struggling to get public finances back under control after spending spiralled higher last year and tax income fell short of expectations. France saw its budget deficit expand further than any other euro zone country last year as a snap legislative election delivered a hung parliament, making bold decisions to correct the deterioration all but impossible. "We have a choice between making a voluntary effort now or suffering austerity tomorrow," the Cour des Comptes audit office head Pierre Moscovici said, adding markets were watching for missteps. As a first step to getting the budget deficit back to an EU limit of 3% of output by 2029, the government aims to reduce the deficit to 5.4% of GDP from 5.8% last year, a target Moscovici described as "reachable but fragile". Bayrou, a long-time debt hawk, has said he would outline plans in mid-July to cut spending by 40 billion euros next year to reduce the deficit to 4.6%. In France's deeply-divided parliament, opposition parties on the far-right and left are watching closely and could easily topple Bayrou's government as they did with his conservative predecessor, Michel Barnier. With interest payments on France's debt set to become the single biggest expense in the budget by the end of the decade, Moscovici warned that simply meeting the EU deficit target would not be enough to ward off a debt crisis. "To truly guarantee the sovereignty of the French debt, it is essential to return to a primary surplus, which is a prerequisite," Moscovici said.

Trading relationships being lost due to Windsor Framework, MLAs told
Trading relationships being lost due to Windsor Framework, MLAs told

South Wales Guardian

time2 hours ago

  • South Wales Guardian

Trading relationships being lost due to Windsor Framework, MLAs told

The Federation of Small Businesses (FSB) said the results of a UK-wide report showed that one in three firms surveyed had faced 'significant disruptions' due to the post-Brexit trading arrangements. The Windsor Framework was agreed between the UK and the EU in 2023, amending the Northern Ireland Protocol. It governs post-Brexit trading arrangements in the region. Under the framework, Northern Ireland continues to follow some EU laws relating to goods. Roger Pollen, head of the FSB in Northern Ireland, told Stormont's Committee for the Economy they had surveyed 778 businesses across the UK on the impact of the framework on their trade. He said: 'The Windsor Framework is now firmly part of the economic and political landscape of Northern Ireland. 'It has provided a basis for managing trade arrangements between GB, Northern Ireland and the EU following the UK's withdrawal from the European Union. 'While the Windsor Framework aimed to stabilise relations and offer clarity after years of uncertainty, our research suggests that for many small businesses practical uncertainties and barriers remain and in some cases have worsened.' He said while some firms were adjusting and innovating, others, particularly smaller businesses, are being 'left behind'. He said: 'The headline finding is that one in three businesses surveyed have already faced significant disruptions such as supply chain delays, stock shortfalls and lost sales due to the Windsor Framework with 29% anticipating future disruptions. 'A significant number also said it had induced uncertainty into business planning. 'In GB a large proportion of firms told us they had only limited understanding of the Windsor Framework, 75% rated their knowledge as low and many reported they had simply stopped trading with Northern Ireland due to perceived cost complexity or risk. 'This aligns with what our members in Northern Ireland are telling us that longstanding supply chain relationships are being lost because suppliers no longer see Northern Ireland as commercially viable under the current arrangements. 'This is a serious concern for Northern Ireland's internal market connectivity and long-term economic resilience. 'When Northern Ireland businesses struggle to source stock from GB, or when they are told by suppliers that we don't serve Northern Ireland any more, that is not just a logistics issue, it is a competitiveness and investment issue.' Mr Pollen said access for Northern Ireland businesses to both the UK and EU markets had been sold as one of the advantages of the framework. But he added: 'Our finding show this remains largely theoretical for many firms. 'Awareness is low with only a small proportion reporting that they feel that they understand and have been able to take advantage of dual market access whilst 88% report that they didn't think the concept of dual market access is being adequately explained or promoted by the UK Government or the Northern Ireland Executive.' He also said that many businesses which trade between GB and Northern Ireland feel overwhelmed by which rules apply, who they should contact and the number of public bodies involved. He said: 'There is clearly a need for a more co-ordinated plain-English guidance that focuses on communicating answers to real business needs.' He told MLAs that the report contains 12 recommendations, including improving clarity and consistency in official guidance, enhancing the trader support service to be more responsive and user friendly, calling on the UK Government to actively promote dual market access and improving cross-government co-ordination on regulation divergence. He said: 'These are not demands for renegotiation. They are realistic, proportionate measures that reflect what businesses are telling us they now need to trade confidently, plan and grow.' Committee chair Phillip Brett said the report showed that just 14% of businesses in Northern Ireland felt they were benefiting from dual market access. Mr Pollen said: 'I think the problem is that for 30-odd years businesses in Northern Ireland have had dual market access, since the single market came into being that has been the norm. 'So, I don't think there is a clear perception of having this special access, that is what we have always had.' He added: 'What we are finding, the real concern is that actually although everybody, from the First Minister downwards, recognises the benefits and value of dual market access, one of those markets is increasingly closing, that is what the evidence is telling us. 'It is the fact that the UK market, ironically, is the one that is becoming difficult to engage with, as evidenced by the survey.'

No scope for rate cuts with inflation outside tolerance band, Hungary central banker says
No scope for rate cuts with inflation outside tolerance band, Hungary central banker says

Reuters

time2 hours ago

  • Reuters

No scope for rate cuts with inflation outside tolerance band, Hungary central banker says

BUDAPEST, July 2 (Reuters) - Hungary's central bank would need to see faster and more durable disinflation to consider any easing in monetary conditions, a deputy governor told Reuters, adding that rate cuts were off the table as long as inflation exceeded the bank's tolerance band. The bank left its base rate on hold at the European Union's joint highest level of 6.5% for the ninth straight month in June while inflation rebounds despite efforts by Prime Minister Viktor Orban's government to tame it ahead of a 2026 election. Hungary and neighbouring Romania recorded the 27-member bloc's highest inflation rates in the first quarter based on EU data, preventing rate cuts despite slowing growth in Romania and protracted stagnation in Hungary. Deputy Governor Zoltan Kurali said with inflation rebounding to 4.4% in May, there was "nothing to discuss" in terms of policy easing, despite the bank's latest forecasts projecting hardly any economic growth for a third successive year. "A single headline inflation reading dipping into our (2% to 4%) tolerance band is not a sufficient condition on its own for us to consider easing monetary conditions," he said in an interview late on Tuesday. "Inflation needs to return sustainably toward the 3% target on the policy horizon," said Kurali, a former investment banker and head of Hungary's debt agency AKK, who joined the bank in April. Kurali avoided direct comment to questions on whether the bank had any room to lower interest rates this year and said the bank was currently not providing forward guidance. But with its June forecasts showing inflation exceeding the bank's target range all year, Kurali's comments suggest the bank is all but certain to avoid rate cuts despite lingering analyst bets on a small reduction by the end of 2025. Asked why the prolonged weakness of Hungary's economy has failed to rein in price growth, Kurali said high inflation expectations played a key role and justified keeping monetary conditions tight. He said the forint's recent stability versus the euro would have a dampening impact on inflation and inflation expectations via the FX transmission channel, and it was positive that monetary transmission worked effectively in money markets. However, with Orban's government imposing controls on food prices and forcing telecoms companies, banks and insurers to forego planned fee hikes until after the 2026 election, the risk of an inflation rebound looms when they adjust prices again. Kurali also said the bank was reviewing its international reserves management strategy to make it "more active and more flexible," while firmly ruling out the inclusion of any crypto assets. He said the strategy would "not be drastically different from current practice". "There will be no crypto in any shape or form," he said of the bank's reserves, which stood at 45.8 billion euros ($54.0 billion) at the end of May, consisting mostly of euro-denominated assets and gold. ($1 = 0.8485 euros)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store