My experience with hotels have been different. Look, I'm not trying to replace my Blu rays. As a matter of fact, I kind of rolled my eyes when the the new 4000k standard was announced. But when given a chance, I'll pay a few bucks more for a Blu ray with a UV copy rather than take one without. There's obviously a lot of people who feel like you around me because there are a lot of people selling their UV codes for $10 around the city... but there are obviously just as many people buying too. I think they're kind of neat.
It takes me 3 minutes to rip my DVD, and about 45 minutes to convert it into a DVD quality MP4 to stream from my PC to an of my wireless devices (which ends up being the Roku 99% of the time). I only put in the DVD if I want to see the special features. Otherwise, I can browse all of my personally owned movies like I would Netflix, and my media software has an option where I can access it anywhere, as long as my computer is on and can access the HDD where I store those movies.
I generally just rent a DVD from Redbox or Netflix and then rip them. And most of the time the DVD will have the extra features on it, and if it doesn't not usually that big of a deal. And what I tend to do is to rip the movie at high quality, and the extra features at a lower quality. And I keep them as VOB files so I can use them as DVDs on the computer or on the DVD player since the one I have let you plug in a flash drive or external drive.
http://www.slysoft.com/en/anydvdhd.html By far the best program I've used to rip DVDs/Blu-Rays. Not free, but totally worth it. I also recommend Handbrake for converting.