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Perhaps, but I see Airbnb as more of a competitor with hostels than hotels. If I wanted to stay in real luxury I would more than likely book a hotel, I use Airbnb to have private-ish accommodations at a reasonable price.
A hotel doesn't double as a pied-à-terre. If I could use it in more of a pinch, airbnb would get my vote much more often than a hotel room.