Paris free to act on Airbnb after concerns over deal - IOC

Paris, host of the 2024 Olympics, is free to take any action in relation to Airbnb, after the city's mayor Anne Hidalgo took issue with a deal between the rental company and the International Olympic Committee, IOC President Thomas Bach said on Thursday. Hidalgo wrote to Bach last month in response to a nine-year deal between the San Fransisco-headquartered company and the IOC under which Airbnb Inc. will help provide accommodation for five Olympics and Paralympics events. In her letter Hidalgo, who had co-signed the hosting contract for the 2024 Olympics along with Bach in 2017, had warned of the "risks and consequences" of the deal that would create shortages of housing in the capital and a sharp rise in prices.