The International Olympic Committee booked a global nine-year, five-Games partnership with Airbnb, designed to create “a new standard for hosting that will be a win for host cities, a win for spectators and fans, and a win for athletes.” The agreement includes accommodation provisions that will reduce costs for Olympic Games organizers and stakeholders, decrease the need for construction of new accommodation infrastructure for the Olympic Games period, and generate direct revenue for local hosts and communities. The IOC and Airbnb will launch Airbnb Olympian Experiences to provide direct earning opportunities for athletes in addition to making at least $28 million worth of Airbnb accommodation available over the course of the partnership to athletes competing at the Olympic and Paralympic Games for competition and training related travel.
“Airbnb and the IOC have a strong track record in creating and accommodating the world’s greatest events,” said Airbnb Co-founder, Joe Gebbia. “Our Olympic partnership will ensure that the Games are the most inclusive, accessible and sustainable yet, and leave a lasting positive legacy for athletes and host communities. Airbnb’s mission is to create a world where anyone can belong anywhere, and we are proud that the Olympic spirit will be carried by our community.”