If we enter an economic correction strong enough to drop housing prices by 20% nationwide, AirBnB activity will tank. Travel is a discretionary expense, and people cut back on those in a downturn.
If you need a frame of reference, check what happened to marriott during the 2008 crash (fell by almost 2/3).
If you need a frame of reference, check what happened to marriott during the 2008 crash (fell by almost 2/3).