1742 ET - Airbnb's success during the Paris Olympics could build partnerships with other cities, as it attempts to move away from claims that its presence in cities pushes up rent prices. The rental marketplace housed 700,000 people during this summer's event in France, Chief Executive Brian Chesky told analysts. He thinks Milan and L.A. will now be more interested in working together as they prepare to host the Olympics. City partnerships would be a breath of fresh air for the company that has faced allegations of pushing up rent prices in urban areas and was banned from New York City. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 17:43 ET (22:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.