Airbnb Becomes Official 'alternative Accommodations' for 2016 Olympics

Rio de Janeiro's hotel bed shortage was eased on Friday, as online home share startup Airbnb inked a deal to be the official "alternative accommodations" sponsor of the 2016 Olympic games.
The deal, which saw Airbnb pay an undisclosed amount to local Olympic organizers, means official Olympic sites will feature a link to Airbnb's site and encourage spectators traveling to Rio for the games to use the service to rent space in private homes and apartments.
Officials with the local organizing committee said, This marked the first time the Olympics has had an alternative accommodations sponsor.