When it comes to using the sharing economy to get yourself holiday, what are the options?
The sharing economy is growing, one of the ways people are taking advantage of it is to holiday in new destinations by swapping, or exchanging time, in each others properties. Here we look at the two most popular ways of doing this and examine the best, and the worst, of each.
Holiday Home Exchanging
Although this is a much smaller market, holiday home owners enjoy much more flexibility than residential home swappers.
Exchanging time in your holiday home is much more flexible than a residential home swap as holidays do not have to be taken at the same time. Instead you exchange the time your holiday home is vacant for the time your exchange partners holiday home is.
Holiday Home Exchanging can be used by anyone who owns a second home or offers accommodation, worldwide. This includes B&B owners, that quirky little self catering Shepherds Hut up on the hill and the Villa with views to die for. The only rule being the property must not be your normal place of residence.
The downside, well, you may have to pay someone to look after the guests in your holiday accommodation while you’re on holiday. If you don’t have access to someone who can do this, you may need to block your calendar for the duration of your holiday. But wouldn’t you do these things when you take your annual holiday anyway?
Check out our General Guidance for more information about holiday home exchanging.
Residential Home Swapping
This is by far the most economical way to gain a holiday somewhere new. If you only have your main residence to bargain with you can get yourself a holiday to many destinations around the world by swapping a week in your home for a week in theirs. This means all you have to pay or is your travel.
The downside here is that all swaps have to take place at the same time, this means having to find a swap partner who wants to go on holiday when you do.
Your home contains pretty much everything you own, it’s not set up for holidays and therefore will take much more time to prepare than your holiday or second home.
Residential homes are not normally in the best holiday locations, while it’s great to get a swap in London, Paris or New York, these cities are vast and you may not end up in the most convenient location for a holiday.
Visit our How to arrange your exchange page for more information about holiday home exchanging.