1. interesting, respectful people / less "sterile" environments.
2. actually helpful in navigating the area.
3. broadens everybody's views (read: politics) to meet other people in person, see how they live and understand their viewpoints.
4. appliances/etc tend to work better, because they need them themselves.
I've had nothing but good and great experiences with homestays. I've also hosted which has been ok-good: 100% respectful and kind, but not always that interesting.
(I've been hosting/traveling for 15 years i.e. long before AirBnB)
-someone making the bed + tidying the room
-fancy buffet
-facilities like gym/spa/TV
-general feeling of 'luxury'
Obviously there are some people who do care about these things, but as I don't I'd rather not pay for them.
With very very few exceptions, I met warm friendly people. They liked have a local in the same place to talk about plans and get suggestions, I liked some new faces to have coffee with in the morning. Everyone won.