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- May 14, 2025
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Retreat to the Rocks: A Historic Canoga Park Short-Term Rental Where Hollywood History Meets Natural Beauty Tucked away in the scenic hills... Read More
Airbnb’s Big Bet on the Olympics and What it Means for Short Term Rentals in Los Angeles ahead of 2028
By: Brad Greiner, CEO of Open Air Homes and OpenAiRE Brokerage
We, like millions of others, are experiencing Olympic fever and loving watching the Olympic games. Simone Biles. Serena Williams. Flavor Flav supporting women’s water polo. Celine Dion. Snoop Dog with Martha Stewart discussing Dressage. The Olympics are shining a bright light on just how special the city can be, and back here in Los Angeles, we have four years to prepare just the same.
I’ve been watching the games since I was a kid, and the athletes never cease to amaze me. I played water polo in college at UCLA and had a number of close friends compete and win medals – their dedication never ceases to amaze me.
Business Insider dug deep into Airbnb’s sponsorship of the Olympics in 2024 and 2028, and as the owner of a short term rental management company in Los Angeles, I wanted to look to the future as our great city begins to prepare for the games.
Airbnb has signed a $500 million sponsorship deal with the Olympic Games through 2028. Their ads are all over Paris, encouraging residents to rent out their homes and skip town, which makes sense to accommodate more visitors.
Paris has had a rocky relationship with rentals for good reason, as the popularity of visiting Paris continues to increase year over year, and for good reason.
With Los Angeles hosting the games in 2028, there are some significant implications for the city and for short-term rental market:
Laurel Canyon in Los Angeles, by Open Air Homes
Airbnb is sponsoring the 2028 Olympics, yet the Los Angeles City Council seems to be working with the hotel lobby to impose stricter regulations on homeowners. This brings us to some key points:
Laurel Canyon in Los Angeles, by Open Air Homes
At Open Air Homes, we exclusively partner with homeowners who use their investment properties for a portion of the year and rent them out through us when they are not in town. Here’s how we ensure compliance and success:
Laurel Canyon in Los Angeles, by Open Air Homes
Showcasing the scenic city of Los Angeles is our full-time job. We have four years to prepare to show the world just how spectacular Southern California is.
Here is the article from Business Insider:
Short-term Airbnb rentals surge during Paris Olympics, hurt hotel revenue
By: Eliza Relman | Jul 25, 2024
As we look forward to the 2028 Olympics, we remain committed to working within the legal frameworks and continuing to provide exceptional service to our homeowners and guests. The city of Los Angeles has it’s work cut out for it with public transportation, but the low hanging fruit is to truly commit to safe bike lanes and install a Citibike or Velib type of system to create a critical mass of bikkes.
If you’re a homeowner considering short-term rentals, we invite you to partner with Open Air Homes to rent your home when you are out of town, and potentially take a nice long trip in 2028 so that we can work together to open your home up to guests looking to experience Los Angeles for what will inevitably be another exciting Olympic Games.
Join us in making Los Angeles a top destination for visitors from around the world!