Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Wednesday, Apr 24, 2024

Tour agency, hotel face HK$5.77m fine over travel services price-fixing case

Tour agency, hotel face HK$5.77m fine over travel services price-fixing case

A hotel company and a travel agency were ordered to pay HK$5.77 million in fines over a travel services price-fixing case, while a former Travel Industry Council (TIC) chairman involved was banned from being a director of any company for three years.
The probe was originally initiated by the Competition Commission while the hotel company Tak How Investment Ltd - trading as Intercontinental Grand Stanford HK - entered into a settlement with the agency Gray Line Tours of HK Ltd, the director of which was TIC’s former chair Wu siu-ieng.

The two sides admitted liability for their contravention of the Competition Ordinance as the two rival travel service providers fixed prices of tourist attractions and transportation tickets sold at various hotels between May 2016 and May 2017.

They then, alongside the commission, filed a joint application to the Competition Tribunal to dispose of the proceedings by consent.

The tribunal on Thursday ordered Gray Line and Tak How to pay pecuniary penalties of HK$4.17 million and HK$1.6 million, respectively, with the commission’s investigation and litigation costs covered.

Their penalties have been discounted by 25 and 20 percent, respectively, for their admissions of infringing conduct and cooperation during the investigation.

Meanwhile, the tribunal has ordered that “Wu be disqualified from acting as a director in any company for three years,” according to a statement.

“Proceedings are ongoing for two undertakings, namely Harbour Plaza 8 Degrees Limited and Harbour Plaza Hotel Management Ltd; and Prudential Hotel (BVI) Ltd,” it continued.

The commission welcomed the tribunal’s orders, which represent a significant outcome in the enforcement of the ordinance.

The commission added it is the first case where the commission resolved an enforcement action by way of consent based on its Cooperation Policy.
Newsletter

Related Articles

Hong Kong News
0:00
0:00
Close
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
×