By Lisa Flueckiger, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Short-term home rental platform Airbnb has struck a deal with the Organizing Committee of the 2016 Olympic Games in Rio de Janeiro to become an official accommodation partner. The agency has decided to formalize their business model of hosting tourists that was already successful informally during the World Cup.

The online platform, where private homeowners can offer their entire apartments or spare rooms within them to visitors, aims to offer affordable accommodation for at least 20,000 tourists.

The official demand for hotel rooms, which stood at around 40,000 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here