>After the initial phase of early adopters that offer generally high quality products, a flood of fake or low-quality listing tries to squeeze money out of the platform.

That AND at some point the platform stops subsidizing the service with investment cash - so inevitably the prices rise.

>How to deal with it? Personally I've started going back to hotels to be safe.

I think it will reach some steady state, where there is a niche for traditional hotels and "P2P" rental marketplaces.