Key facts
- Airbnb has spent at least $12.6 million in Los Angeles since last year.
- The company is seeking more favorable regulation of vacation rentals.
- Mayor Karen Bass and challenger Nithya Raman are key figures in the election.
Airbnb has invested at least $12.6 million in Los Angeles since last year to build political influence and secure favorable regulations for its short-term rental business, particularly with the 2028 Summer Olympics approaching. The company's spending targets local elections, including support for Mayor Karen Bass, as it seeks to shape the city's leadership before the games. Airbnb executives anticipate the Olympics will drive significant expansion of its business in the city. However, a potential loss for its favored candidates could lead to stricter regulations, as challenger Nithya Raman has vowed to crack down on short-term rentals. Political consultant Jeremy Oberstein noted that the company's focus is on influencing long-term rules beyond the Olympic event.