New Delhi, Nov 18 (IANS): The International Olympic Committee (IOC) and Airbnb on Monday announced an agreement to support the Olympic Movement through to 2028.

The nine-year, five-Games partnership is designed to create a new standard for hosting that will be a win for host cities, a win for spectators and fans, and a win for athletes.

In line with the Olympic Agenda 2020, the IOC's strategic roadmap for the future, and Airbnb's mission to promote sustainable travel, the agreement will support the sustainability objectives of the Olympic Movement, a statement said.

These joint efforts will be in line with the UN Sustainable Development Goals to provide travel options that are economically empowering, socially inclusive and environmentally sustainable.

The agreement includes accommodation provisions that will reduce costs for Olympic Games organizers and stakeholders, minimise the need for construction of new accommodation infrastructure for the Olympic Games period, and generate direct revenue for local hosts and communities.

Working together with the International Paralympic Committee (IPC), Airbnb will work to increase accommodation that supports accessibility for people with disabilities or other accessibility needs.