What is Home Exchange Services?
Home exchange, also known as house swapping, is a type of lodging in which two parties agree to provide each other with homestays for a specified period of time. It is a form of barter, collaborative consumption, and sharing because no money is exchanged. Home exchange can include any type of residence, such as apartments, houses, vacation homes, boats, or recreational vehicles. It could be an exchange of the entire house or just one room. The duration of the swap can range from a weekend to more than a year. The swap can be done simultaneously or sequentially. Home exchanges are typically arranged through specific social networking services, the majority of which charge a fee. Home exchange has emerged as a legitimate lodging option in the developing world.
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The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Home Exchange Services market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
HomeExchange (India), Thevacationexchange (United States), Rick Steves' Europe, Inc. (United States), THIRDHOME (United States), Aussie House Swap (Australia), Love Home Swap (United States), Intervac International. (United States), HOMEFORSWAP (United States), IVHE (United Kingdom) and CasaHop (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Home Base Holidays (United Kingdom).
AMA Research has segmented the market of Global Home Exchange Services market by Type (Simultaneous Exchange, Non-Simultaneous Exchange and Hospitality Exchange), Application (Traveler, Couple, Family and Friends Group) and Region.
On the basis of geography, the market of Home Exchange Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Exchange Management Service will boost the Home Exchange Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Membership, the sub-segment i.e. 12 Months will boost the Home Exchange Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 11 November 2021, Homexchange, India's first home upgrade service, announced new partnerships during the festive season with several marquee developers in Mumbai. Homexchange is also launching its services in Bengaluru in partnership with Puravankara.
- Increase In Disposable Income Which Has Led To An Upsurge In Demand For International Travel And Other
- Growing Owner Focus Towards Short-Term Home Exchange Services Due To Consistent Income And Easier To Manage
- Upswing In The Number Of Service Providers Is Fuels To Growth The Market
- Traveler Preference Towards Short-Term Home Exchange Services
- Setting Up A Home For Exchange Is Very Time-Consuming
- High Cost Associated With Subscription Fees
- Rapidly Declining Home Exchange Services In COVID-19 Pandemic
- High Time Consumption Of Home Set Up Process Harms Growth
Key Target AudienceHome Exchange Services Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as HomeExchange (India), Thevacationexchange (United States), Rick Steves' Europe, Inc. (United States), THIRDHOME (United States), Aussie House Swap (Australia), Love Home Swap (United States), Intervac International. (United States), HOMEFORSWAP (United States), IVHE (United Kingdom) and CasaHop (United States) etc.
2. Can we have customized study for Home Exchange Services Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What trending factors would impact Home Exchange Services Market growth most?
"Rising Popularity Of Home Exchange In Emerging Nations" is seen as one of major influencing trends for Home Exchange Services Market during projected period 2021-2027.