I live in a city where tourism is a huge part of the economy. Since AirBnBs took off, our hotel occupancy dropped off massively, and rents have gone up. Much of

I live in a city where tourism is a huge part of the economy. Since AirBnBs took off, our hotel occupancy dropped off massively, and rents have gone up. Much of our government revenue depends on hotel taxes, which obviously not collected on AirBnBs. Yes, we can build more residential properties (and we are), but I think it's a bit naive to assume that tourists leaving hotels vacant, and staying in livable housing instead wouldn't drive up rents for locals in the short term.