Airbnb acquired London based Crashpadder this year, putting it in a strategic position ahead of the Olympic Games. Airbnb likes to market around major events where there’s a high volume of bookings and everyone’s looking for alternative options. Bloomberg reports that the company has three times its normal volume of bookings over the next few weeks at 25 percent above average price for a total of 4,500 bookings. The hotel lobby remains relatively quiet about Airbnb stepping onto its turf but it’s hard not to argue that in major events driven booking times that Airbnb isn’t taking a chunk of the market and marginally lowering the prices the hotels can charge. Airbnb is also making it possible for folks with a bit less money to attend events like the Olympic Games. And that’s what Airbnb would say—it’s all about access.