RCI, part of the Wyndham Worldwide, has confirmed the acquisition of London-based Love Home Swap.

The time share giant said the purchase “adds a company that complements its existing business, broadens its appeal to a new base of holidaymakers and strengthens its position as a leader within the global alternative holiday accommodation sector”.

Gordon Gurnik, president of RCI said: “Since first pioneering the vacation exchange concept more than 40 years ago, RCI has continually found new ways to evolve and grow its own business while also propelling the exchange industry further.

“Through this acquisition we expand the exchange options we offer travellers and strengthen our footprint in key growth markets across the globe.”

RCI said Love Home Swap will benefit from the expertise it has developed over the past four decades, including inventory management, member marketing and analytics.

Read the full story at Travolution.

Weekly Newsletter

Stay on top of industry news and trends with the premier must-read weekly for anyone involved in the holiday rental business delivered right into your inbox.