This program offers interesting features to a business but not s much for the traveler. Anyone who is spending 25+ nights a year in a hotel is going to be sure to be getting points for those stays. Points == status and status == more convenience when traveling. Beyond earning free nights, there's expedited check-in, private lounges with free food, gift baskets when you check in, etc. The caveat is that to get status most (or all) of your points need to be with the same company. This means most hardcore business travelers are very loyal to <program x>. This travel program doesn't have any kind of loyalty rewards which is a non-starter.
Other downsides of airbnb: booking isn't instantaneous as with a hotel (wait hours or days for confirmation from owner), checkin has to be pre-arranged and requires you get in touch with the owner (i.e. no 3am red-eye check-ins), each place you stay is slightly different amenities versus hotel chains which all have the same brand of pre-wrapped toothbrush when you forget yours. These might seem trivial but when you travel a bunch it's the little things that hurt the most.
Story: I once had to wait for 2 hours to check into an airbnb in SF since the owner was in Africa and his mother forgot to leave his key where he said it would be.
Other downsides of airbnb: booking isn't instantaneous as with a hotel (wait hours or days for confirmation from owner), checkin has to be pre-arranged and requires you get in touch with the owner (i.e. no 3am red-eye check-ins), each place you stay is slightly different amenities versus hotel chains which all have the same brand of pre-wrapped toothbrush when you forget yours. These might seem trivial but when you travel a bunch it's the little things that hurt the most.
Story: I once had to wait for 2 hours to check into an airbnb in SF since the owner was in Africa and his mother forgot to leave his key where he said it would be.