It’s not just Rio de Janeiro hotel prices that are soaring ahead of the Olympics. The Summer Games have turned Rio into the world’s priciest destination on lodging platform Airbnb Inc.
In a new Bloomberg index released Wednesday, Rio de Janeiro lodging on Airbnb cost $206 per day on average, exceeding that of No. 2 Miami and No. 3 San Francisco. A stay in a private Rio dwelling was more than twice as costly as Paris, according to the index of global cities with at least 100 local listings. It took average prices for two blocks of time that are six months apart and include part of the Olympics — Aug. 1 to 10 — as well as Feb. 1 to 10, 2017. Data were collected between May 1 to May 10, 2016. – READ MORE
