BREAKING - EU Commission prohibits the acquisition of #eTraveli by #Booking

The Commission has found that
1️⃣ Booking is a dominant hotel online travel agency (OTA), market share > 60%
2️⃣ eTraveli is an important provider of flight OTA services
3️⃣ the acquisition would generate significant additional traffic for Booking's platform
4️⃣ the increased traffic would reinforce network effects, increase barriers to entry and strengthen Booking's dominant position

#MergerControl
https://ec.europa.eu/commission/presscorner/detail/en/ip_23_4573

Good news for passengers!
Following a dialogue with the 🇪🇺 Commission & national consumer authorities, major online travel agencies commit to
➡️refunds within 14 days for cancelled flights
➡️better informing consumers of their rights on cancelled flights
#PassengerRights https://n.respublicae.eu/EU_Consumer/status/1673633554515783680
<div class="rsshub-quote">
EU Consumer Affairs: #ConsumerProtection
@eDreams_ODIGEO, #Etraveli Group &amp; @kiwicom247 have committed to:
✈️better inform consumers of their rights in case of flight cancellations
✈️transfer ticket refunds to consumers within 7 days of receiving them from the airlines
https://ec.europa.eu/commission/presscorner/detail/en/ip_23_3521 https://t.co/eYLOVnMwKf
</div>

🐦🔗: https://n.respublicae.eu/Transport_EU/status/1674034502383837184

EU consumers should receive timely refunds for cancelled flights – no matter whether they book directly with an airline or via an online travel agency.
I welcome commitments made by @eDreams_ODIGEO, #Etraveli Group &amp; @kiwicom247 to guarantee this 🇪🇺 #ConsumerRight. ⤵️ https://t.co/JcSTyM8lYt

🐦🔗: https://n.respublicae.eu/dreynders/status/1673698468798365696

#ConsumerProtection
@eDreams_ODIGEO, #Etraveli Group &amp; @kiwicom247 have committed to:
✈️better inform consumers of their rights in case of flight cancellations
✈️transfer ticket refunds to consumers within 7 days of receiving them from the airlines
https://ec.europa.eu/commission/presscorner/detail/en/ip_23_3521 https://t.co/eYLOVnMwKf

🐦🔗: https://n.respublicae.eu/EU_Consumer/status/1673633554515783680