The hose is still available from BikeBandit and is cheap, so you might as well get the real thing! it should be plugged at the tip - either the special little cap, or anything you can find to plug it with; it definitely would not be dripping oil if it's properly plugged.
If your airbox is complete, that is, if it contains all of the catch-cans and filters, then having some oil to drain is normal in that the purpose of the filters is to remove oil and water contamination from the blow-by before it's sent back through the intake. Its part of the normal maintenance procedure to drain the hose.
If this hose is left open, and your airbox isn't set up properly then you're likely developing a high pressure condition in the crankcase, which will cause oil to be forced out of the nearest available opening (the drain tube).