I think his point is not about an individual's spending habits but the increased spending of the population as a whole. A breakeven analysis is needed. Income

I think his point is not about an individual's spending habits but the increased spending of the population as a whole. A breakeven analysis is needed. Income elasticity of demand... that sort of thing. You have to compare the cannibalization of lost hotel sales to the revenue from AirBnB sales and increased airline sales and increased incidental revenue etc and say "ok now we think X many more people will make the trip because the bar has been lowered". Then you drink a nice cool refreshing Dr. Pepper, and maybe book a trip to Denver to buy some edibles.