Room prices rocket in Rio as landlords dig for Olympic gold


  • TECH
  • Saturday, 18 Jun 2016

RIO DE JANEIRO: With hotels mostly booked, landlords are charging a pretty penny for tourists still seeking accommodation in Rio de Janeiro for the Olympics in August – asking as much as US$2,305 (RM9,456) per night for a three-bedroom apartment far from venues and beaches. 

With 97.3% of hotels full, according to price-comparison site Trivago, visitors are resorting to room rental websites like Airbnb to find lodging. 

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