ThirdHome
 | A major contributor to this article appears to have a close connection with its subject. (July 2017) |
Type of site | Privately held company |
|---|---|
| Founded | 2010 in Brentwood, Tennessee, United States |
| Headquarters | Brentwood, Tennessee |
| Area served | Worldwide |
| Founder(s) | Wade Shealy |
| Key people | |
| Products | |
| Employees | 45 (2017) |
| URL | www |
| Part of a series on |
| Homestays |
|---|
| Hospitality exchange services |
| Hospitality for work |
| Hospitality for money |
| Home exchange and others |
ThirdHome is a global home exchange service, specializing in luxury properties, founded by Wade Shealy in 2010.[1][2] With its headquarters in Brentwood, Tennessee, United States, the company operates internationally, positioning itself uniquely to cater exclusively to owners of second homes.[3][4][5]
Overview
[edit]ThirdHome positions itself as an exclusive home exchange club for luxury second-home owners. The club has more than 15,000 members across 100 countries.[6] In this club, members can exchange unused weeks at their vacation homes with other members.[7]
This exchange earns members travel credits that they can use to stay at other properties listed in the club. Available accommodations range from castles, villas, and estates to resorts and yachts.[8]
Operational Model
[edit]ThirdHome primarily focuses on luxurious secondary homes, rather than primary residences, for exchanges. Members earn credits, termed "keys", when they make their properties available for exchange. These keys offer members the flexibility to choose when and where to travel, eliminating the need for a simultaneous exchange with another member.[9][10]
ThirdHоmе describes itsеlf аs аn upscаlе hоmе еxchаngе cоmmunity еxclusivе tо sеcоnd-hоmе оwnеrs.[11] Unlikе оthеr sеrvicеs which аdmit primаry rеsidеncеs, ThirdHоmе's mеmbеrship is rеstrictеd tо individuаls with sеcоndаry rеsidеncеs.[12]
ThirdHоmе has also formed pаrtnеrships with rеsоrt аnd rеsidеncе club brаnds.[13]
Company History
[edit]ThirdHome was founded by Wade Shealy, who had previously co-founded a successful real estate firm in South Carolina in 1986.[14][15] Shealy noticed a pattern among his clients who purchased second homes—they often wished to sell their properties within five years, citing a lack of new experiences in their vacation location. Inspired by this, Shealy founded ThirdHome in 2010 with a small group of friends and clients as the initial members.[16]
In 2018, the company expanded its services with the introduction of Rentals and Adventures, broadening the travel experiences available to members.[17][18]
As of 2023, ThirdHome has over 15,000 properties across 100 countries.[19]
References
[edit]- ^ "The sharing economy brings tycoon lifestyles within reach of some". The Economist. November 26, 2016.
- ^ Hewitson, Jessie (August 26, 2016). "Join the elite house-swap club" (PDF). The Times.
- ^ Krueger, Alyson (January 15, 2016). "Inside 3rd Home: The Airbnb For Millionaires and Billionaires". Forbes.
- ^ Ramani, Sandra (January 10, 2020). "Thirdhome's New 'Reserve' Program Will Offer Luxury High-Worth Homes for Your Next Vacation Swap". Robb Report.
- ^ Carruthers, Fiona (February 28, 2018). "House swapping for the rich and propertied". The Australian Financial Review.
- ^ Kerr, Elizabeth (February 15, 2015). "Three Times Lucky" (PDF). Squarefoot Magazine.
- ^ Patnaude, Art (September 4, 2014). "Mansion Swap: Luxury Vacationers Are Trading Places". The Wall Street Journal. ISSN 0099-9660.
- ^ Im, Jimmy (May 18, 2018). "Here's how you can rent these vacation mansions for under $200 per person a night". CNBC.
- ^ Eckstein, Nikki (October 3, 2016). "How to Make Money From Your Second Home Without Lifting a Finger". Bloomberg News.
- ^ "'Like having a Ferrari and putting it on Craigslist': Why the wealthy join a property sharing club". Domain. March 27, 2018.
- ^ Vora, Shivani (2020-03-17). "Vacation Home Swapping for the Very Wealthy". The New York Times. ISSN 0362-4331. Retrieved 2023-09-20.
- ^ Bulseco, Donna (2019-01-11). "The Secret to Scoring a Vacation Home That's (Practically) Free". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-09-20.
- ^ Hopkins, Kathryn (September 8, 2014). "If you've got a luxury house standing empty, join the club". The Times.
- ^ Hopkins, Kathryn (September 8, 2014). "If you've got a luxury house standing empty, join the club". The Times.
- ^ Lewis, Carol (November 20, 2015). "How to join the global hideaway swap club". The Times.
- ^ Owen, Erika (March 1, 2017). "Get Paid to Travel the World and Stay in Luxury Homes". Travel + Leisure.
- ^ "World's best job? Company will pay you $10,000 a month to travel the globe in luxury". Fox News. March 29, 2017.
- ^ "Wanted: Someone to travel in luxury around world - for £8,000 a month". The Telegraph. March 27, 2017.
- ^ Leasca, Stacey (August 27, 2017). "How One Woman Gets Paid to Travel the World Staying in Luxury Homes". Travel + Leisure.
External links
[edit]- Companies based in Tennessee
- Real estate services companies of the United States
- Hospitality companies of the United States
- American companies established in 2010
- Hospitality companies established in 2010
- Real estate companies established in 2010
- Vacation rental
- 2010 establishments in Tennessee
- Hospitality services