Travel+Leisure Group Sells Love Home Swap To HomeExchange
Photo Caption: A sample home listed on HomeExchange. Source: HomeExchange Susan Lopez
Skift Take
The deal is in line with HomeExchange's ambition for market expansion beyond France and Spain in Europe. And beyond that, its consolidation of the home exchange market — as this marks the company's fifth acquisition.
American timeshare company Travel+Leisure Group, formerly known as Wyndham Destinations, sold its British subsidiary Love Home Swap to HomeExchange.
Paris-based HomeExchange offers home exchange vacations. The companies did not disclose any details of the deal. But Travel+Leisure Group’s annual report from 2018 shows that it valued Love Home Swap at $50 million at the time of acquisition — or under $53 million in cash, per some reports.
The Social Travel Club, which does business under the name of Love Home Swap, incurred an operating loss of
