The IOC signed up Airbnb as an Olympic sponsor sparking concerns from 2024 host city Paris that the home-sharing company is contributing to the rising cost of rents in the French capital.

Paris Mayor Anne Hidalgo, who has been at odds with Airbnb in recent years, set out her issues with the platform to IOC President Thomas Bach last week after news of the sponsorship leaked.

Hidalgo wrote to Bach to “alert him of the risks and consequences” of the International Olympic Committee deal, Paris city hall told The Associated Press.

At the Airbnb sponsorship announcement on Monday morning, Bach was asked about criticism of Airbnb, including pricing people out of cities.

“It is quite normal that such a disruptive business then needs to settle and needs regulation,” Bach said, before details of the Paris complaint were known. “This is happening in a dialogue with Airbnb and cities and countries.”

Paris took legal action against the platform this year in a bid to have the company fined €12.5 million for allowing owners to rent their properties without having them properly registered.

In her letter, Hidalgo expressed her “absolute determination to make sure regulations relating to rental platforms are reinforced” [ . . . ]

Continue at: Paris mayor troubled by new Olympic sponsor Airbnb, vows referendum on home-sharing firm