A high end spin on Airbnb

I think it's interesting that people are buying property specifically to turn them into STR's...
While it seems like a good idea, the disadvantage STR's have over the Hotel industry is a lack of regulation interestingly enough.
the number of hotel rooms in a given city is well regulated--this creates a sort of monopoly. You can predict over time your costs and growth and profit.

with Short-term rentals, you have several problems:
1) if there isn't regulation, then people will catch on that a specific area is "hot" and will saturate the market driving prices down--then when you go to sell your property, the market will be flooded since everyone else is now in the same boat you are.
2) where there is regulation, buying a home for a dedication vacation rental is probably illegal, you'll eventually get caught and put out of business.. then.. (see #1)
3) where regulation is likely... same problem.

When I talk to an Uber driver in a brand new car and they tell me how wonderful it is they bought this car just to do uber driving... I think to myself "well, that's wonderful--you're a moron" Uber's entire goal in life is to survive just long enough to legalize self-driving cars and then fire all the drivers. This will happen at different times in different places, but once the domino starts falling it'll be pretty swift and sudden.
Just like a flood of new STR listings driving prices down, any remaining drivers will be competing for the fleet overflow business during peak hours with fewer hours per week to make money driving.