Even with the advent of homesharing platforms like Airbnb, vacations can end up being expensive, but with 'Love Home Swap,' users can save by offering up their own spaces in return. The new platform makes the sharing economy literal, allowing users to swap homes with one another for agreed upon terms and lengths, saving both parties from the expenses of lodgings when traveling.
To use Love Home Swap, one enters information about their own house or apartment and then inputs the type of place that most interests them. Users are matched with one another through the platform based on their offerings, and they can communicate with one another to organize the trip.
The site also offers a 'Points' system that lets users bank points rather than trading homes at the same time. If a user is planning to be out of home for two weeks on business, for example, they can let another user stay there for Points (which can then be used later to stay somewhere else.)
Home-Swapping Platforms
'Love Home Swap' Lets Users Trade Homes for Vacations
Trend Themes
1. Home-swapping Platforms - Disruptive innovation opportunity for the hospitality and travel industry through the sharing economy model, where travelers can save on lodging expenses by swapping homes with each other.
2. Points System - Disruptive innovation opportunity for loyalty program and rewards-based marketing industries through the creation and implementation of a simple points system, rather than traditional currency exchange.
3. Sharing Economy Expansion - Disruptive innovation opportunity for the sharing economy industry to expand beyond renting homes and cars to enable exchanges for more personal activities, such as home-swapping for vacation purposes.
Industry Implications
1. Hospitality and Travel - Opportunity for the hospitality and travel industry to enter the sharing economy market and provide customers with a unique and cost-effective travel experience, while simultaneously eliminating the need to build and maintain a brick and mortar infrastructure.
2. Loyalty Programs and Rewards-based Marketing - Opportunity for the loyalty programs and rewards-based marketing industry to implement a points system rather than currency exchange to increase customer loyalty, creating a more fluid and engaging user experience.
3. Sharing Economy - Opportunity for the sharing economy industry to expand beyond traditional home and car rental, to offer the exchange of personal experiences through swapping, borrowing and sharing networks.