When someone buys a condo in my building like in many, many (most?) such buildings, they agree to bylaws saying they will only ever rent their units out for a minimum of 6 months at a time.
It's meant to avoid overuse of some shared facilities (loading dock, etc), having to reexplain the rules we all agreed on every other day, improve the sense of community, and all around make it nice for everyone to enjoy their apartment and live with each other.
If they go out and airbnb their unit out, it's not the hotel industry they're hurting. It's their neighbors, community, and they're breaching rules they specifically agreed to.
It's meant to avoid overuse of some shared facilities (loading dock, etc), having to reexplain the rules we all agreed on every other day, improve the sense of community, and all around make it nice for everyone to enjoy their apartment and live with each other.
If they go out and airbnb their unit out, it's not the hotel industry they're hurting. It's their neighbors, community, and they're breaching rules they specifically agreed to.