Booking Holdings is facing legal action in the Netherlands, where it has been summoned to court over a planned class action lawsuit. The suit, brought by the Consumer Competition Claims Foundation and the Dutch consumer association Consumentenbond, accuses the online travel giant of abusing its dominant market position, restricting competition, and misleading consumers. The organizations are seeking financial compensation for affected consumers and demanding an end to these alleged unlawful practices. The legal challenge follows previous scrutiny from European regulators concerning Booking's competitive practices. According to the consumer groups, discussions with the company did not lead to a satisfactory resolution, prompting the formal litigation. The lawsuit claims that consumers have been overpaying for hotel rooms for years due to the company's anti-competitive behavior. In other news, OpenTable, a Booking Holdings subsidiary, released its list of the Top 100 Restaurants in America for 2025. The company also declared a routine quarterly dividend of $9.60 per share. Additionally, an analyst report downgraded BKNG stock to a "sell" rating, citing concerns over slowing growth and increasing competition.
Booking Holdings Faces Class Action Lawsuit in the Netherlands Over Competition Concerns
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