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I think this depends on the size of the group you are traveling with and how long you are traveling. If you have a family of 4 or more, AirBnb tends for be more cost effective.

A lot of the costs tend to spread out as you get more square footage or spend longer periods of time.

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My wife and I travelling together will still sometimes use an AirBnB over a hotel but mostly when we're staying more than a few days and don't want to deal with eating at a restaurant every day or there's a very nice location. It's still easier to find comparable out of the way places on AirBnB's in quite a few spots, especially when you're far enough out of town that your next closest competitor tends to be more traditional vacation rental cabins etc.

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