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Das Portfoliopferd
@Portfoliopferd
2Settimana·

10,000 hotels sue booking.

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17 Commenti
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TotallyLost@TotallyLost
2Settimana
What is the lawsuit about?
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John@Transporter
2Settimana
@TotallyLost Best price guarantee at booking is not legal. Hotel complex was not allowed to give a lower price than the cheapest price at booking
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Timo@Aktienorang-Utan
2Settimana
@Transporter Why do I agree to such contracts with booking? I also don't understand some of the hotels/accommodations.
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Das Portfoliopferd@Portfoliopferd
2Settimana
@Aktienorang-Utan Because Booking.com has a natural monopoly. 60-70% of worldwide bookings are made via the platform. If you're not there, you miss out on a lot of customers.
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TotallyLost@TotallyLost
2Settimana
@Aktienorang-Utan The answer is market power.
I rent out a small accommodation myself, if you are not on Booking and / or AirBnB then you practically don't exist.

They can do whatever they want with you and you can just nod and say yes.
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Charmin@Charmin
2Settimana
@Portfoliopferd Well, and now they're getting the receipt for their business practices ...
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Das Portfoliopferd@Portfoliopferd
2Settimana
@Charmin Well, in a platform market, growth comes first. When the critical mass is reached, it is reached. You are happy to pay a few billion in retrospect (if it gets that far).
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Timo@Aktienorang-Utan
2Settimana
@Portfoliopferd & @TotallyLost, thank you very much for your answers. I understand, one hand on all hands, as an overhand, and then set the tone. The players don't really have much competition in that area either.
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Calvin@QuackCapital
2Settimana
This was already overturned in Germany years ago - I think HRS was the first to introduce it. Then last year in all other European countries. The lawsuit will now relate to this.
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user0f6b1709c7ef430d@user0f6b1709c7ef430d
2Settimana
They are dissatisfied.
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Chiefwiggum@Hidalidsch
2Settimana
Would it make sense to go short before US trading in such a case?
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Das Portfoliopferd@Portfoliopferd
2Settimana
@Hidalidsch If something like this were to go through, you can expect several billions (in Spain, I found an article about 1.5 billion in damages). They have a turnover of 25 billion a year.
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Pazzzi@Pazzzi
2Settimana
@Hidalidsch No, because 1. the news was already known last week and 2. because it will be years before a possible court ruling is made. Naturally with an UNCLEAR outcome regarding the amount. The company is fundamentally at an all-time high and is growing incredibly strongly. A short would be stupid.
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~ S.@Semos25
2Settimana
What is the best thing to do now - sell or continue to hold? As soon as Wall Street opens, shares will probably fall sharply.
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Das Portfoliopferd@Portfoliopferd
2Settimana
@Semos25 I think. Don't think this will have too much impact. (I hope this won't be one of those comments where I say: This didn't age well)
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Anonym G.@Master_Mantis
2Settimana
@Portfoliopferd I'm just thinking about bookmarking it😉
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Schöbi@schoebi
2Settimana
The topic is actually "older". Booking is very, very special. If you get involved, it works like a charm. "They" moan about it, but without Booking they wouldn't achieve anywhere near the capacity utilization figures.

It's also strange that the actual hotel association Dehoga is not joining the complaint. 🤷🏼‍♂️
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