With groups they're still somewhat unbeatable. Usually the price of hotel rooms scales roughly linearly with the number of people you have with you. With 6-8

With groups they're still somewhat unbeatable. Usually the price of hotel rooms scales roughly linearly with the number of people you have with you. With 6-8 people airbnb is almost always less than half the price of a hotel. And you can cook together, which often adds to the savings, as well as having a common room to hang out in the evening. Hotels are usually not that nice to hang out in.