On August 26, 2021, the Federal Antimonopoly Service of Russia fined the Dutch online travel provider Booking.com B.V., a subsidiary of the U.S. company Booking Holdings Inc., 1.3 billion Russian rubles, or approximately 17.5 million U.S. dollars, for abusing its dominant market position. The authority claimed that the aggregator obliged its partner hotels and hostels to not set prices lower than the ones on Booking.com. The global revenue of Booking Holdings Inc. reached 6.8 billion U.S. dollars in 2020.
Booking.com and the Russian eTravel market
Booking.com is the leading hotel booking platform on the Russian internet, occupying approximately 80 percent of the market revenue. In total, the online travel market size in Russia exceeded one trillion Russian rubles in 2019. Over the course of 2020, the app of Booking.com in the country was downloaded more than 2.6 million times.
* Booking.com Russia is a subsidiary of Booking.com B.V. in Russia that provides marketing services and supports the activity of Booking.com B.V. in Russia. This figure does not reflect the total revenue of Booking.com in Russia.
The statistic has been compiled from several sources.
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Statista. (August 27, 2021). Selected figures on Booking.com in Russia as of August 2021 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1260141/booking-com-russia/
Statista. "Selected figures on Booking.com in Russia as of August 2021." Chart. August 27, 2021. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1260141/booking-com-russia/
Statista. (2021). Selected figures on Booking.com in Russia as of August 2021. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1260141/booking-com-russia/
Statista. "Selected Figures on Booking.Com in Russia as of August 2021." Statista, Statista Inc., 27 Aug 2021, https://www.statista.com/statistics/1260141/booking-com-russia/
Statista, Selected figures on Booking.com in Russia as of August 2021 Statista, https://www.statista.com/statistics/1260141/booking-com-russia/ (last visited December 21, 2024)
Selected figures on Booking.com in Russia as of August 2021 [Graph], Statista, August 27, 2021. [Online]. Available: https://www.statista.com/statistics/1260141/booking-com-russia/