Airbnb's and similar rentals are more of an effect of housing price growth than a cause. There aren't SO MANY airbnb's that they're the major driver of demand, but in hot markets rich fucks sitting on 5 houses turn them into airbnb's. The list is also organized in an interesting way, sorting by percent drop. Are most airbnb markets dropping in revenue? If 2/3 of markets are stable or growing then a decrease in mostly southern markets where the weather is getting unbearable for tourists won't cause a full collapse. Also, are other airbnb-esque services like vrbo losing revenue in these areas? This table is just missing a lot of information. When I look at this it looks like people didn't want to travel to the south last summer. Even if airbnb did collapse, blackstone or local capitalists would just buy all the houses and turn them into rentals or let them sit empty.