Ultimately the question is whether the market is constrained by supply or price. If the constrait is price, then hotels should be able to adjust and stop cha

Ultimately the question is whether the market is constrained by supply or price. If the constrait is price, then hotels should be able to adjust and stop charging ridiculous default rates in urban areas. If the market is constrained by supply eventually it will be economically viable to build new units. That's not to say that Airbnb should not be regulated similarly to hotels. Imo if you provide a nearly identical service you should follow the same regulations