Can't comment on the macroeconomic trends, but personally as a consumer, hotels are more attractive than AirBNBs for <1-week stays due to cleaning fee and chore lists ($250 cleaning fee per stay, still have to clean up the house and pack the garbage out). Most of my travel is solo for work for 2-3 days so this nudges me towards hotels.
For 1+ week stays AirBNBs make more sense (family vacay, larger house with children), though it seems like the house owner lists the same house on VRBO and for whatever reason prices it slightly cheaper there, so I just book it at the cheaper place.
For 1+ week stays AirBNBs make more sense (family vacay, larger house with children), though it seems like the house owner lists the same house on VRBO and for whatever reason prices it slightly cheaper there, so I just book it at the cheaper place.