Categories: Business

MakeMyTrip, Goibibo, OYO fined Rs 392 crore by CCI

Make My Trip, Goibibo (MMT-Go), and OYO were fined Rs 392 crore by the Competition Commission of India (CCI). CCI fined these companies which were spelled out in a 131-page order which is for “unfair business practices”. Make My Trip and Goibibo will pay a fine of Rs 223.48 crore while OYO will pay Rs 168.88 crore.

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Key Points related to CCI

MMT-Go alleged that it imposed a price parity in its agreements with hotel partners.
These deals restrict the hotel to not sell its rooms on any other platform or its online portal at a price below the price at which it is being offered on the two entities.
Make My Trip accorded preferential treatment to OYO on its platform which caused a denial of market access to other companies.
The findings are the results of a detailed investigation into the matter that was on since 2019.
The CCI also directed MMT-GO to suitably modify its agreements with hotels/chains hotels to remove/abandon the price and room availability parity obligations imposed by it on its hotel/chain hotel partners.