I was introduced to Kenneth Bailey's work during my first Theology degree. Colin Chapman showed us his ground-breaking reinterpretations of the birth of Jesus in Luke 2:1-7 (Jesus wasn't born in an inn, the Greek doesn't say that, and it doesn't fit with the Middle Eastern culture of hospitality) and the Parable of the Friend at Midnight in Luke 11 (it isn't about the persistence of the one knocking but about the desire to avoid shame on the part of the one woken up). Not long afterwards, I bought Bailey's Poet And Peasant/Through Peasant Eyes, which expound the Lucan parables, and it is my first point of reference for those passages.
Now, it is a privilege to have this tome. It gathers together his exposition of a number of texts and themes, all illuminated by the knowledge of the Middle East gained from decades living and practising scholarship there. You will find the 'no room at the inn' question treated thoroughly here. You will learn so much more too, all written in a way that feeds both mind and spirit.
My enthusiastic use of this in a Bible Study I lead as a minister has led to members of my congregation treating themselves to copies of it. Bailey writes sufficiently lucidly in this work for it to be appreciated by intelligent non-specialists.
Occasionally he slips from his high standards. The odd Beatitude doesn't get the in depth treatment I'd love to see ('Blessèd are the peacemakers', for example). But overall this is a rich and satisfying gourmet meal that would be a bargain at three times the price.