Plus most AirBnBs are just dedicated rental properties. It’s pretty rare that you’re actually in anyone’s house anymore.
Want to find a place with a separate room / bed for your teenage daughter? A hotel's answer is to book a second hotel room, or you might luck out with multiroom hotels but good luck even searching for them. AirBnB makes it easy to search their inventory for that. Want a kitchen? Always a fun time searching hotel inventory for that. Oh, and about that teenage daughter many hotels consider anybody over the age of 12 an adult, so now you are required put in "3 adults" into your search and their search system returns 0 results. Etc.
Right now, I need a place to stay in Denver for 8 weeks with my wife, child, mother-in-law, and 2 dogs.
We’re staying with my MIL for her knee replacement surgery recuperation. So, there can’t be any stairs, has to have a walk in shower, must have a kitchen and have 3 bedrooms.
Impossible to find a hotel like this. We found a suitable AirBNB in about an hour.
In my searches I reckon 95% of hotels don't have windows that open. I maintain a list of small hotels in cities that do have windows that open.
I also reckon post-COVID they will continue with reduced housekeeping (on-demand/ever few day). So you also have to tidy up after yourself.
And I've found hotels tend to have skeleton staff (pre COVID). Often nobody at the bar, nobody at the front desk, all the staff doing multiple jobs. They're stingy with toiletries, towels, pillows ("oh you can ask at the desk").
So if there are few staff, I clean up after myself, I can't breathe, ... I'd rather stay in an actual house designed for human habitation.
Even if you're a team traveling to a conference or convention, grabbing a whole house is a great way to have a social 'home away from home'.
It was a pretty great value proposition. Still some bargains to be had, but much less so now.
But when I visit a new city, I want to live as the locals, which means not in the tourist district, and not with fresh towels every afternoon and a dip in the hotel pool.
You do this in AirBnB by actively harming the locals. You do realize this right? Every AirBnB in a 'local' area is one less house for the actual locals to live in. It's becoming a huge problem in many cities in the world.
I should note that we've never rented just a room from Airbnb, but the whole apartment/house/villa, and the ones we have rented are actual rental properties, e.g. the owners rent them out during a whole holiday season.
One of the big bonuses of Airbnb is market segmentation - those same houses, apartments or villas on Airbnb are very often advertised with higher rates elsewhere!