Airbnb Undertook Commitments Due To Supervision Proceedings Initiated By The Hungarian Competition Authority

The Hungarian Competition Authority (the "HCA") initiated supervision against Airbnb Ireland, private unlimited company (the "Airbnb"), the operator of a peer-to-peer online marketplace, which provides renting and booking travel accommodation. Since the supervision ended up with a voluntary commitment of Airbnb, the HCA closed the investigation without imposing fines or establishing violation of the law.

The supervision started in October 2016 against Airbnb as the HCA deemed that Airbnb provides misleading information on costs and other charges on its platform. However, although the HCA mainly deals with competition law infringements, it is also the authority, which is entitled to commence supervision relating to violation of consumer protection provisions.  The competition supervision proceeding may be terminated by way of a voluntary commitment of an investigated party if the party undertakes to take measures in order to comply with the relevant acts and if the