I have about a 50% success rate with AirBnB when using it. At a hotel I know what to expect and those expectations are met probably 90% of the time. I'm not going to enter a room at the Hyatt and have my eyes start watering because it smells so strongly of cat piss (actually happened). How can people argue that AirBnB is anything but pretty CSS and some tech. efficiencies on top of HomeAway/VRBO? It may be a substitute for a hotel, but it is not Hyatt.
You also forgot to bring up all the regulatory hurdles AirBnB faces in a multitude of cities, counties, states, and countries. I really don't understand how investors are not calculating that into the risk and valuation (maybe they are).
You also forgot to bring up all the regulatory hurdles AirBnB faces in a multitude of cities, counties, states, and countries. I really don't understand how investors are not calculating that into the risk and valuation (maybe they are).