https://www.siliconvalley.com/2023/06/12/what-you-should-know-about-airbnbs-and-short-term-rentals/

In 2007 Brian Chesky and Joe Gebbia were broke and desperate to pay the rent for their San Francisco apartment. The Industrial Design Conference was in town and all the hotels were booked. So they offered attendees who needed a place to crash, airbeds, breakfast, Wi-Fi and a work desk. They called it “Air Bed and Breakfast.” What started out as an experiment turned into a hotel industry disruptor worth more than Hilton and Wyndham combined, second only to Marriott.

California’s short-term rental restrictions