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I cannot say I am a huge fan of it myself... perhaps there are some gaps it fills.
My partner moved out of a flat block with holiday lettings in it, well before airBnB (the noise was a problem, weekend party goers) and you can already let out "houses of multiple occupancy" and a thing like "hotels" exist too. Maybe I am missing something, but I just don't see the need atm.
Sucks for people that genuinely are out of the house a few weeks / have a temp spare room/the house we let in France which is in the middle of nowhere and definitely not causing housing pressure there/ but the abusers ruin it for everyone.
In the case of local lels: Somebody with an AirBnB in a poor area with not enough social housing gave it up for NHS staff. One of my FB acquitances said "nice, but you know, if you release that afterwards for a decent rent, that's even better"
Wow, that's a huge scam.
I suppose if airBnB isn't as lucrative, maybe those guys won't return.
But there is also a huge failing them on part of airBnB and lack of investment for councils.