Specifically, this is because demand for these things is elastic, in econ terms. A buddy of mine in the hotel industry says that this seems to be the case. The

Specifically, this is because demand for these things is elastic, in econ terms. A buddy of mine in the hotel industry says that this seems to be the case. They can't quantify the negative impact of AirBnB on their bottom line. But he's at a high end hotel, I'm sure different parts of the industry see different things.