LONDON: Airbnb became a leading partner of the Olympics in a nine-year deal announced yesterday that drew strong criticism from Paris, host of the 2024 summer Games.
“By removing a significant number of lodgings from Paris, Airbnb contributes to rising rents and worsens the shortage of apartments on the rental market, at a cost for all Parisians, in particular the middle class,” Hidalgo wrote. The IOC revealed no financial details, but Bach said that the “landmark” deal would help to bring the Olympics into “the digital age”.
“We are not trying to limit the number of people that participate, particularly as hosts,” said Chris Lehane, Airbnb senior vice president of global policy and communications. “Hence the astronomical rise of Airbnb from a zero share 10 years ago, to 4% of global lodging, overtaking major hotel players,” it added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airbnb teams up with the IOC to provide Games accommodationLONDON (Reuters) - Short-term home rental company Airbnb Inc has joined the ranks of leading Olympic sponsors in a deal that will run from the Games next year in Tokyo until 2028 and is designed to help cut the costs associated with hosting the event.
Source: staronline - 🏆 4. / 75 Read more »
Airbnb-Olympics deal incurs Paris mayor’s wrath | The Malaysian InsightHidalgo vows to tighten tourist rental rules if re-elected next year, says industry making Paris homes unaffordable.
Source: msianinsight - 🏆 8. / 63 Read more »
Airbnb teams up with the IOC to provide Games accommodationLONDON (Reuters) - Short-term home rental company Airbnb Inc has joined the ranks of leading Olympic sponsors in a deal that will run from the Games next year in Tokyo until 2028 and is designed to help cut the costs associated with hosting the event.
Source: staronline - 🏆 4. / 75 Read more »
Airbnb-Olympics deal incurs Paris mayor’s wrath | The Malaysian InsightHidalgo vows to tighten tourist rental rules if re-elected next year, says industry making Paris homes unaffordable.
Source: msianinsight - 🏆 8. / 63 Read more »
Airbnb joins Coca-Cola, Visa as leading Olympic partner | The Malaysian InsightHome-sharing company's 9-year deal covers 2020 Summer Olympics in Tokyo to 2028 event in Los Angeles.
Source: msianinsight - 🏆 8. / 63 Read more »
'Stop flexing muscles,' China tells US over South China SeaBeijing warns Washington of repercussions a day after being accused of bullying in the region. FMTNews Bangkok
Source: fmtoday - 🏆 5. / 72 Read more »