ThirdHome is a luxury second house sharing service of vacation homes. The company is based in Brentwood, Tennessee and operates worldwide.
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History
ThirdHome is a US-based company 3rd Home (founded by real estate developer Wade Shealy) in 2010., with an initial portfolio of 120 properties.
In 2014, the company had around 2400 properties to exchange in 70 countries. By 2017, the site had about 8,000 properties.
In 2017, ThirdHome ran a worldwide contest called The Best Job on the Planet, to hire a person to travel through different luxury residences in the world and share his living through different platforms. It was inspired by The Best Job in the World campaign, and ThirdHome collaborated with the winner of the campaign for the development of the competition.
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Business model
ThirdHome is considered a home exchange. Owners of luxury second homes apply online; if they meet certain requirements - location, characteristics of the house, home value - they become eligible for membership. Each owner lists which weeks his/her house will be available for the use of other members.
When someone is staying at their house, the owner receives credits, called keys, used to reserve weeks at any property that is available on the system, or for stays in clubs and resorts affiliated with the company. The site charges a one-time enrollment fee and a variable fee per exchange
Source of the article : Wikipedia
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