Home share site Airbnb to be Rio 2016 Olympic sponsor

Global Business

AP

Brazil is getting ready to host 2016 Olympic Games. The website Airbnb, a that allows people to rent their rooms on a short-term basis, has signed up to become one of the official sponsors. The arrangement reflects the fact that Rio has nowhere near enough hotel rooms to accommodate all the expected visitors to the games. CCTV’s Stephen Gibbs filed this report from Rio de Janeiro.

Home share site Airbnb to be Rio 2016 Olympic sponsor

Home share site Airbnb to be Rio 2016 Olympic sponsor

Brazil is getting ready to host 2016 Olympic Games. The website Airbnb, a that allows people to rent their rooms on a short-term basis, has signed up to become one of the official sponsors. The arrangement reflects the fact that Rio has nowhere near enough hotel rooms to accommodate all the expected visitors to the games. CCTV's Stephen Gibbs filed this report from Rio de Janeiro.