Aug 19 (Reuters) - The parent of Booking.com and other travel websites will pay $9.5 million to settle Texas' lawsuit claiming it deceptively marketed hotel rooms by omitting mandatory fees, enticing consumers with artificially low prices that didn't exist.
Texas Attorney General Ken Paxton said on Tuesday the settlement with Booking Holdings BKNG.O is the largest by a U.S. state related to "junk fee" practices against any hotel or online travel agency.
Booking also operates the websites Priceline.com and Kayak.
(Reporting by Jonathan Stempel in New York, Editing by Franklin Paul)
((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.