Spain’s competition watchdog authority, the CNMC, has found that online travel agency Booking.com abused a dominant market position over the past five years. It fined the company Euros413.24 million (or around USD 447 million at current exchange rates) for unfair terms and restricting rivals. The practices have affected hotels located in Spain and other online travel agencies that compete with the platform. By better positioning hotels with the most bookings on Booking.com, it has prevented other online agencies from entering the market or expanding. Booking.com held a share of between 70% and 90% of the market in Spain for provision of online booking intermediation services to hotels by online travel agencies over the period in question.