Airbnb companions with the IOC to offer Olympic lodging

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FILE PHOTO: The Airbnb brand is seen on a bit of mini pyramid below the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. Information/Charles Platiau

LONDON (Information) – Brief-term house rental firm Airbnb Inc on Monday mentioned it was turning into a worldwide Olympic associate in time for the 2020 Olympics in Tokyo because the video games’ organizers bid to chop the prices related to internet hosting the occasion.

Airbnb mentioned that the partnership with the Worldwide Olympic Committee (IOC) would cowl 5 Olympics and Paralympics over the subsequent 9 years. Monetary particulars of the partnership weren’t disclosed.

IOC President Thomas Bach mentioned that the partnership wouldn’t substitute the Olympic village however could be primarily based on a assure of lodging for guests, households of athletes, and officers, and would cut back the necessity for host cities to unsustainably put money into new resorts.

“One of many objectives of (our) agenda is to make the Olympic Video games extra possible and extra sustainable,” Bach mentioned at an occasion in London to announce the partnership.

“There, this partnership will significantly assist, as a result of it’ll present lodging that may scale back the prices for the Olympic Video games organizers and all of the stakeholders.”

Locals staged protests on the final summer time video games in Rio de Janeiro due to the price of internet hosting the occasion whereas Brazil was mired in recession.

Reporting by Alistair Smout; modifying by Michael Holden