India: CCI allows Fab Hotels to join probe against GoIbibo, MakeMyTrip

Photo: Livemint

Competition Commission of India (CCI) has allowed budget hotel chain Fab Hotels to join a probe against online travel companies MakeMyTrip and Goibibo accused of alleged anti-competitive practices. The allegations against the travel portals were made by the Federation of Hotel and Restaurant Associations of India (FHRAI).

In an order issued earlier this month, CCI had asked Fab Hotels to share a public version of its impleadment application for the case. A copy of the order, passed on 5 February, has been seen by Mint. FHRAI, which alleged that these online portals abused their dominance, said inclusion of Fab Hotels in the ongoing investigation has strengthened FHRAI’s case against both the online entities.

Mint had reported on 30 October that MakeMyTrip and Goibibo were confident of defending their business practices before the regulator. According to a Mint report, budget hotel franchise service Oyo Homes & Hotels, which also faces probe for allegedly entering into an anti-competitive pact with the two travel portals, was ready to support both.

MakeMyTrip and Goibibo had earlier told Mint that they comply with principles of competition law, while providing their partners and consumers the best in-class service.

The CCI order observed that Casa2 Stays Pvt Ltd, which operates as Fab Hotels, sought to implead in the case arguing that it has substantial interest in the outcome of the proceedings.

“Our position now stands vindicated with Fab Hotels confirming that barriers were imposed by MakeMyTrip and Oyo as part of their tacit agreement to ultimately deprive public and other hotel players fair and equal access,” said Gurbaxish Singh Kohli, Vice President of FHRAI in a statement.

This article was first published on livemint.com.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.