Competition watchdog slapped Rs 392 cr fine on MakeMyTrip-Goibibo & OYO, ordering them to stop uncompetitive practices. Consumers to gain from move in terms of better booking experience.
The Competition Commission of India’s (CCI’s) Wednesday order imposing a monetary penalty on MakeMyTrip, Goibibo, and OYO might only be a rap on the knuckles for the companies, but it also stands to make booking a hotel a better and cheaper experience for travellers.
The Federation of Hotel & Restaurant Associations of India (FHRAI) and Casa2 Stays Pvt. Ltd. had in 2019 filed a case against the merged entity MakeMyTrip-Goibibo (MMT-Go) and Oravel Stays Private Limited (OYO) alleging abuse of dominance and agreements that harmed competition. On the basis of the allegations, the CCI asked its director general (DG) to investigate the matter. On Wednesday, the competition watchdog delivered its ruling based on the DG’s findings.
TCA Sharad Raghavan 