[mr1976]

> The fence is coming down. Hotels are doomed.

doubt it.

1. Corporate business and negotiated rates (a large % of business) 2. Groups (unless you cram 20 - 40 people in an airbnb room?) - this includes conferences, conventions, aircrew, functions, tour groups) (another large % of the business)

This assumes we're talking about city hotels with a normal(ish) business mix, but individual travellers often don't make up the largest portion of business for the hotel (this really does vary, but outside of pure tourist and transit areas it's roughly accurate). Add into the mix the zoning and health & safety requirements, and I'm not sure you could call "doomed" just yet.

There is scope for (ahem) disruption in booking and distribution, which we already see - but the physical product is probably going to be around for some time. Sometimes, you just need a big building with lots of rooms...