Airbnb and the International Olympic Committee announced a new partnership Monday that will expand the availability of housing in host cities and could reel in the ballooning costs of hosting the sport spectacle.
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The deal is"economically empowering, socially inclusive and environmentally sustainable," the IOC and Airbnb said in a joint statement.The deal means that some Airbnb housing will be made available for visitors and workers. The new housing options could reduce the need to build new hotels. The IOC confirmed to CNN Business that the Olympic Village, where competing athletes stay, won't be replaced with Airbnb housing.
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