Earlier quoted context omitted.
You know, there is life beyond your own city. Hotels aren't granted a monopoly over short-term rentals everywhere.
Indeed, but it's the illegal rentals which have made AirBnB successful and led to its giant valuation. There were legal rental sites before AirBnB, but none rose to such heights. AirBnB got rich by flaunting the laws on most of their listings.
(edit: Nevermind, I see flaunt has both meanings)