Investigation on Dorak Turizm ve Gayrimenkul Yatırımları Holding A.Ş. and other undertakings providing balloon rides to tourists in the Cappadocia Region Concluded

Summary:

The Competition Board of Turkey conducted an investigation into Dorak Turizm ve Gayrimenkul Yatu00c4u00b1ru00c4u00b1mlaru00c4u00b1 Holding A.u00c5u017e. and 21 other entities operating in the Cappadocia region's hot air balloon ride market. The investigation found that these undertakings violated Article 4 of the Act no 4054 by engaging in price fixing and market allocation before and after the establishment of a joint reservation and sales platform, CO DMC. As a result, the undertakings were fined and ordered to terminate lease agreements and cease operations on the platform.