[ryanbrunner]

They were definitely lower when AirBnB launched, although most of the difference is gone nowadays (might vary by locale).

AirBnBs are also far more likely to have a fully equipped kitchen setup, separate rooms, and larger setups for families and groups, none of which are impossible with hotels but are definitely not very common.

I do think AirBnB generates way too much negative externalities for the value it brings, but there is value in it for the consumer.