OYO, MakeMyTrip and Goibibo fined Rs 392 crore

The Competition Commission of India (CCI) has imposed a total fine of over Rs 392 crore on online travel services provider MakeMyTrip, Goibibo and hotel services provider Oyo for unfair trade practices. The commission, in its 131-page order, said that MakeMyTrip-Goibibo (MMT-Go) has been fined Rs 223.48 crore and Oyo Rs 168.88 crore. MMT-GO was alleged to have enforced price parity in its agreements with hotel partners. Under such agreements, hotel partners are not allowed to offer their rooms on any other platform or on their online portal at a price lower than what they are offering on the platform of these two entities.

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Along with imposing the fine, the CCI asked MMT-GO to revise its agreements with hotel operators. An allegation was also made that MMT favored OYO over its platform, thereby hindering market access for other companies. The regulator had in October 2019 ordered a detailed probe into the matter. MakeMyTrip (MMT) acquired ibibo group holding in 2017 which operates under the name goibibo bonds.

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