[wnc3141]

I would imagine theres a body of research on this. But I would be surprised if Air BNB didn't put downward pressure on hotel prices - as more supply creates greater competition. I'm thinking of the "southwest effect" where entry of a low cost airline to a market leads to overall lower ticket prices across airlines serving that market. (even though incumbent airlines were already competing).

If your'e curious: https://en.wikipedia.org/wiki/Effect_of_low-cost_airlines_on...