I maintain that the issue can be fixed with more development - build a new tourist zone with hotels that appeal, or AirBnB friendly zoning, or something like that. And for locals, more housing = more options. The local housing can be built outside tourist zones if it has to.

The fact is we have a growing population, a growing global economy, tons of people exiting poverty and entering the global middle class and travelling. This will all accelerate for hundreds of years to come.

I feel this is an artificial distinction. It's not really the type of building that's involved. People tend to pick whichever of AirBnB or hotel is the most economical for their stay. It's the massive conversion of property from residential to "hotel" by the (often local!) owners that's the problem.