CCI Fines MakeMyTrip, Oyo, Goibibo For Anti-competitive Conduct

India's competition regulator, the Competition Commission of India (CCI) had fined online hotel-booking companies MakeMyTrip, Goibibo and IPO-bound hotel chain Oyo, a combined $47 million for anti-competitive behaviour.

The Competition Commission of India (CCI) has been investigating the companies since 2019 following allegations by a hotel body that MakeMyTrip gave special treatment to SoftBank-backed (9984.T) Oyo on its platform.

The Federation of Hotel and Restaurant Associations of India (FHRAI) had alleged that agreements between Oyo and Nasdaq-listed MakeMyTrip to give preferential treatment to Oyo on its platform were restricting market access to competitors such as Fab Hotels and Treebo.

(With inputs from REUTERS)