Online travel services provider Makemytrip, Goibibo and hotel service provider OYO app have been fined a total of over Rs 392 crore for unfair trade practices. This fine has been imposed by the Competition Commission of India (CCI).
A 131-page order by the commission said that a fine of Rs 223.48 crore has been imposed on MakeMyTrip-Goibibo (MMT-Go) and Rs 168.88 crore on Oyo.
MMT-Go was alleged to have enforced price parity in its agreements with hotel partners. Under such agreements, Hotel Partners are not allowed to offer their rooms on any other platform or on their online portal at a price lower than the price they are offering on the platform of these two entities.
Along with imposing the fine, the CCI asked MMT-Go to modify its agreement with the hotel operators. It was also alleged that MMT preferred OYO over its platform, thereby hampering market access for other companies. The regulator had ordered a probe into the matter in October 2019. MakeMyTrip (MMT) had in 2017 acquired ibibo Group Holding, which operates under the Goibibo brand.
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