“in cities where the hotel business is very active” I really agree with my understanding of the comment referenced in #3. I understood it as whole apartment rental vs hotel. Not room in apartment vs hotel. I would assume seriously cash constrained people would simply opt for room in apartment, which could be a nice deal. but for those who actually need a whole private apartment for some reason, the difference between that price and a nice hotel just isn’t enough to offset the roll of the dice aspect of Airbnb. City specific and imho, but I’d agree it’s accurate for nyc pretty generally.
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