Home exchange

Home exchange, also known as house swapping, is an alternative means of travel accommodation, through which two parties agree to swap their homes for a set period of time, with no monetary exchange taking place. Its origins stem from low-cost vacation accommodation and are believed to date back to 1953, making it a pioneer in the Collaborative consumption movement.

Tourism

Using the catchphrase, "You stay in my house while I stay in yours," home exchange has been around since the 50’s. The proliferation of the internet since the 90’s has greatly increased its popularity, providing users with easier communication and a much larger pool of homes from which to choose. Many websites now offer services to a growing home exchange community, where people sign up, pay a fee, upload a profile and search for a match, using each site’s search tools.

Some estimates indicate that traveller participation in house swapping is consistently increasing by 15-20% per year. Summer is traditionally the peak season for house swapping, due to families traveling during summer vacations and house swapping allows families to try out a location for a short period of time while saving money over the traditional vacation costs and allowing them to take vacations that they may otherwise be unable to afford. It's estimated that families can save approximately $5,000 by swapping their homes instead of booking hotels and rental cars, though some may be uncomfortable with the idea of others using their home. Not all travelers are interested in house swapping solely to save money, but they also see it as a means of meeting locals, seeing relatively un-touristed regions and experiencing local culture. The internet has made the process of finding a swap significantly easier with a number of websites devoted to house swapping.