Wyndham Buys Love Home Swap To Bolster Position in Alternative Accommodations
Skift Take
AccorHotels isn't the only big hospitality company that's involved in the sharing economy or alternative accommodations these days, just FYI.
Wyndham Worldwide's RCI division, which covers vacation exchange, announced it has acquired London-based Love Home Swap, one of the world's largest home exchange programs.
Media reports estimated the acquisition price at $44.6 million (40 million British pounds) although an RCI spokesperson said the purchase price would not be disclosed. RCI had invested in the company in 2015.
Love Home Swap was founded in 2011 by entrepreneur Debbie Wosskow, who wanted to create a more robust home-exchange model. Today, the company has more than 100,
