Home Swap giant acquires rival
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Love Home Swap, the world’s largest home swapping company, has finalised its acquisition of rival HomeForExchange.
The deal sees HomeForExchange join the Love Home Swap group as part of a growing portfolio of peer-to-peer travel sites that includes its own brand, www.lovehomeswap.com.
HomeForExchange – a long-established player in the home swapping sector – will continue to operate under its own brand.
The HomeForExchange deal follows on from the acquisition of 1stHomeExchange, which Love Home Swap made in early 2013, meaning the group now has access to close to 100,000 properties worldwide.
The announcement follows on from earlier news of the company’s partnership with Wyndham Worldwide to help fuel international expansion.
Debbie Wosskow, founder and CEO of Love Home Swap, said: “We’re delighted to welcome HomeForExchange to the Love Home Swap family. They’ve built an impressive community of swappers over the past few years, particularly across mainland Europe. We have ambitious plans to expand the business globally and expect today’s deal to be one of a number of acquisitions we’ll make over the next 12-18 months.
“We’ve seen a sharp increase in people signing up to Love Home Swap in 2015, as the Sharing Economy becomes part of the mainstream and more and more people look to stay in homes when they travel. We’re well set for home swapping to become a major part of the alternative accommodation scene as we move into 2016.”
Comments are closed.