UK: Global hospitality company Wyndham Worldwide has bought UK-based vacation-rental platform Love Home Swap.
Love Home Swap has been acquired by RCI, part of the Wyndham Worldwide group of brands which includes Ramada, Travelodge and James Villa Holidays.
Love Home Swap founder and CEO Debbie Wosskow commented: “I’d like to thank the team and everyone involved in driving Love Home Swap forward. Dedication and hard work has yielded fantastic results in a short space of time and this is a real global success story for the UK sharing economy. We’re delighted to join the RCI family and are excited to work closely with them to help shape the future of the travel industry together.”
Bruce Macfarlane, managing partner of MMC Ventures, an investor in Love Home Swap, said: “MMC Ventures has backed Love Home Swap from seed through growth capital and is proud of the company and founder Debbie Wosskow’s pioneering success in the sharing economy. Today’s announcement is a great testament to the team’s focus and determination and we are delighted to have supported them on their journey.”</p
