It's a similar problem in Europe, at least in some cities. My experiences, and anecdotes from friends: Budapest: Prices are pretty good compared to hotels at a

It's a similar problem in Europe, at least in some cities. My experiences, and anecdotes from friends: Budapest: Prices are pretty good compared to hotels at all times. There are a few "professional" hosts but most are just letting out some spare capacity. Occasional bait-and-switch. Copenhagen: Prices are equal with hotels, so it's really a lifestyle choice. Generally convivial hosts. London: almost entirely professional, but the prices usually beat a hotel room by a large margin. Barcelona: absolutely ruined. Completely professional, prices as high as hotels, and literally every room/flat in the city center has a Strict refund policy (i.e. lose half your money). Many instances of bait-and-switch (show you a nice flat, not available, take a look at this s*hole instead) and trying to screw you into cancelling (and keeping your money). Also had more than one friend have "break-ins" on the last day (often too late to sort with the police before your flight home). AirBnB really need to crack down on professional hosts. Start with disallowing more than ~3 listings per host, and really punish bait-and-switch attempts.