Booking Holdings CEO Glenn Fogel at Skift Global Forum 2023

Skift Take: Booking Holding's acquisition of eTraveli serves as a litmus test for how far regulatory bodies can go to curb market consolidation.

In an interview at Skift Global Forum 2023 with Dennis Schaal, Executive Editor at Skift, Booking Holdings CEO and President, Glenn Fogel discusses the challenges of overregulation in the travel industry, specifically in light of the European Commission's objection to Booking's $1.7 billion acquisition of eTraveli. Fogel argues that blocking the deal could hurt consumers by slowing down innovation and raising costs. He also touches on the complexities of commission fees for Booking.com partners and criticizes New York City's new short-term rental regulations as overly restrictive. Learn how these issues could shape the future of the travel and hospitality sectors.

View the full editorial write-up at https://skift.com/2023/09/27/booking-...

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