No, a fianchetto normally strengens the Kings position (as long as the Bishop remains). Other pawn moves in front of the King do makes luft, but also weakens the Kings position - so don't make them to often.
The main reason why Kingside fianchetto is not as popular as eg. e4, d4: The concept of dominating the centre without pawns is more advanced and more difficult than the older concept where you dominate the centre with pawns.
The reason most people prefer Kingside castling is probably that it is quicker to do (you only have to move two pieces). But queenside castling is fine and can often produce interesting games with opposite Kings.
I get everything is judged on a case-by-case basis, but I want to understand which moves are more likely to be the best.
Is kingside fianchetto not as preferred of an opening as e4, d4,and English c4 because it creates luft on the g and not the h square? Why did I read a-pawn luft is good on queenside castling when it takes the king one move to get to the b square?
From what I understand, kingside castling is preferred to get the king away from the attacked center (c pawns are more encouraged to be pushed than f pawns, unless you go f4 or f5). I have to watch some videos to learn more the dangers of queenside (besides understanding the fact that the king is near the center). I queenside castle 90% of the time to get the rook to attack the center in the game, earlier, in quick times when I don't think very well.
So are fianchetto openings just not preferred just because it pushes that g or b pawn?