financeSkift··1 min·For: Owner, GM, Revenue, Investor
Airbnb Spends Millions on LA Elections Ahead of 2028 Games
Airbnb is investing heavily in Los Angeles political campaigns to lobby for a temporary rollback of short-term rental rules ahead of the 2028 Olympics. The proposed policy change aims to capture a larger share of the projected $4.3 billion in direct visitor spending.
Key Takeaways
- 1Airbnb has spent millions backing Mayor Karen Bass and local candidates to influence city rental policy.
- 2The platform seeks a temporary easing of the 2018 primary-residence rule through the end of 2028.
- 3The 2028 Olympics are projected to draw 2 million visitors and generate $4.3 billion in direct spending.
Source: Skift
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