It forced hotels to have more competitive prices.
Honestly, there was not much else it could do in the long term.
Honestly, there was not much else it could do in the long term.
The number of travelers staying at an Airbnb versus a hotel is under 1%. This is clear by looking at overall inventory available. Even a decent market _might_ have 100 AirBnB listings, that same market will have several thousands (possible 10,000+) of hotel rooms.
Generally the opposite is true. AirBnb hosts will justify their nightly rate based on comparable hotels in the area. But the average Marriot for example isn't all that worried about the handful of AirBnbs nearby that they might be losing customers to.
Booking.com did that.
I do however always choose an apartment for corporate trips, but always via booking.com.