Airbnb teams up with the IOC to provide Games accommodation For more breaking business news, follow ReutersBiz
FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato
Airbnb said the partnership with the International Olympic Committee would cover five Olympics and Paralympics over the next nine years. Financial details of the partnership were not disclosed. IOC President Thomas Bach said that the partnership would not replace the traditional Olympic village where athletes stay but would be based on a guarantee of accommodation for visitors, families of athletes, and officials, and would reduce the need to build new hotels.
“There, this partnership will greatly help, because it will provide accommodation that will reduce the costs for the Olympic Games organisers and all the stakeholders.”
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