Airbnbs are not passive income.

You need to take down sheets, wash them, remake the bed, clean the bathroom, buy fruit/food every ~3 days, vacuum, be available for your guests.

When you have tenets, its passive income. You clean up every 6 months to 3+ years.

Airbnb pays better, but its labor. The ~300$/mo difference can easily be accounted for with that. Not to mention the cost of food(always HQ), electricity, water, heat/AC.

The items I listed are not optional, people can give you a bad review regardless what expectations you set with prices + description.

Depends on the kind of hotel. And after the market settles, hotel rates may not be as high.

A key aspect of hotel rates is that they fluctuate with demand. When you come into town for the big event, the rates may be 4 times higher than staying on a cold, boring night. A long-term stay will be much cheaper per-night than a nightly rate.

In my part of midwest USA, multiple giant hotels seem to be nearing completion: EIFS is nearly complete, windows have been in a couple of months, concrete parking lot is poured, etc. Apparently investors are expecting a lot more travelers to this thoroughly ordinary area.