Airbnb CEO urges Parisians to put homes up for rent for Olympics

Olympics - Paris 2024 holds triathlon test event for the Olympics - Paris, France - August 18, 2023 The Arc de Triomphe is seen as athletes compete in the elite men triathlon test event Emmanuel Dunand/Pool via REUTERS/File photo

PARIS (Reuters) - Airbnb is expecting to host up to half a million people in Paris during the 2024 Olympics and is urging more Parisians to put their homes up for rent, Chief Executive Officer Brian Chesky said on Tuesday.

The more listings there are, the more prices will be contained, Chesky told Reuters, amid fears that prices could rocket and accommodation for the Games next August could become unaffordable for some.