Booking.com Perú S.A. [Counterparty: Peruvian Authorities]

Market performance inquiry in Peru. Estudio Olaechea is assisting Booking.com in responding to inquiries regarding its market performance by Peruvian authorities, who seek to understand the role of the clients an intermediary purchasing platform. The firm consistently provides an appropriate and suitable response, enabling the authorities to gain insight into Booking.com’s performance. Establishing client’s status as intermediary platform: In this case, our team needs to demonstrate to the authorities that Booking.com is not a travel agency but rather an intermediary platform. As such, it operates under different regulatory and operational logics, which administrative authorities often struggle to fully understand at first. Clarifying client’s business model to authorities: This matter requires holding multiple meetings with government entities to analyse regulations and potential legislative initiatives, in accordance with the true nature of Booking.com’s business and operations. Trusted platform for affordable and seamless travel: Booking.com is a leading travel platform known for booking flights, accommodations, and other services. Its strong reputation offers travellers competitive rates and special promotions, making trips more affordable. With reliability and a global presence, it remains a trusted choice for seamless travel arrangements. Latest development: We are currently assisting the client with the matter.

Matter value – include currency and amount in figures :

Booking.com revenue in 2023: USD 21.4 billion

Is this a cross-border matter? If yes, please indicate the jurisdictions involved :

Yes: Peru; Brazil

Lead partner :

Martin Serkovic

Other team members :

Celia Izquierdo

Other firms advising on the matter and their role(s) :

N/A

Date of completion or current status :

Ongoing