I agree, and it depends. In super high-demand, low-supply markets like Manhattan and San Francisco, I opt for the hotel over Airbnb. The price difference is usually minor, and the hotels in these cities often have better amenities than the crappy studios and efficiencies being offered.
On the other hand, in Boston, Montreal, and a plethora of international destinations, Airbnb 110% of the time. Most cities don't have the demand that Manhattan has, and everyone wants to make a quick buck renting their apartment out to some friendly guests. The markets tend to be so saturated with great places, from my experience, that raising the price is more likely going to hurt the probability of finding someone who will rent it.
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I agree, and it depends. In super high-demand, low-supply markets like Manhattan and San Francisco, I opt for the hotel over Airbnb. The price difference is usually minor, and the hotels in these cities often have better amenities than the crappy studios and efficiencies being offered.
On the other hand, in Boston, Montreal, and a plethora of international destinations, Airbnb 110% of the time. Most cities don't have the demand that Manhattan has, and everyone wants to make a quick buck renting their apartment out to some friendly guests. The markets tend to be so saturated with great places, from my experience, that raising the price is more likely going to hurt the probability of finding someone who will rent it.