I disagree with the streaming video example. Netflix, Disney etc aren't facing any regulatory issues that's causing them to circle their wagons and create their own content pipelines and streaming services. They're doing it to maximize profit and be less dependent on third parties.

On the other hand, hotels are innovating on improving the customer experience too.

The Hilton App is easier to use than their actual website. I am able to check-in and check-out without talking to anyone. I can use a digital key on my phone. They send me receipts automagically.

And thanks to consistent corporate standards, I know what to expect in a Hampton Inn vs. Homewood Suites vs. Conrad.

Getting a hotel has become less of a hassle, has less friction, and is more convenient. Oh, and the technology helps the chain as well.

If you disrupt an industry, you better hope your moat is big enough to ward off the entrenched business. Ridesharing might indeed kill the taxi, but there's no way AirBnb is going to defeat the hotel industry.

Uber at their worst still beats the heck out of taxis at their best. (Yes, that's an exaggeration, but only a mild one.) There is a reason why the taxi industry died almost overnight. Legalities aside, that simply doesn't happen to industries whose customers are happy.

However, I've never quite grokked AirBnB. I'm not a big fan of traveling in general, and when I do travel I prefer (and don't mind paying for) predictability and good customer service. Crashing in some random person's house doesn't seem very predictable, as threads like this tend to suggest, and responsive customer service is obviously out of the question.

More like: when immoral profiteers figure out how to best game the new system, the quality becomes more or less the same