Thomas Bach
IOC president Thomas Bach

The International Olympic Committee (IOC) signed Airbnb as its a newest partner. The IOC disclosed the new multi-million-dollar deal at a press conference in London on Monday (18 November).

The deal is worth an estimated US$500 million in cash and kind and covers the next five Olympic Games, starting with Tokyo 2020.

The deal will also cover Winter and Summer Games at Beijing 2022, Paris 2024, Milan Cortina 2026 and Los Angeles 2028 – Airbnb biggest markets for private accommodation rentals worldwide.

The deal is “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”, insidethegames quoted the San Francisco-based company.

“This innovative partnership underpins our strategy to ensure that the efficient staging of the Olympic Games is sustainable and leaves a legacy for the host community,” President Thomas Bach.

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