[taude]

Would be interesting to know what % of AirBnb Hosts do it on a semi-professional basis. I get your arguments for the mom-and-pop opening your house and all that. But everytime I've been to Europe, or to big cities, the AirBnbs were almost always part of a bigger operation. And then there's all the people who bought rental properties to operate their own AirBnb rentals.

Anyway, my hunch is that the percent % of AirBnbs that are actually people utilizing their excess space (initial AirBnb model) is small vs more hosts entered via owning and operating their own hotels through buying leveraged rental properties and the AirBnb platform....