Wednesday, June 19, 2024 People Like Us (PLU), a leading home exchange platform, has experienced significant growth in the United States, mirroring a broader travel trend. The company reported a remarkable 40% increase in US memberships in 2023 compared to 2022, along with a 66% rise in the number of nights exchanged. This surge comes amid rising travel costs, with American summer travelers facing a projected 7% increase in trip expenses compared to 2023 and a substantial 14% increase over 2022.
Accommodation costs are a major contributor to these increases, with average nightly rates for hotels reaching $259 in the US, $205 in Europe, and an astonishing $354 for vacation rentals. This financial burden, particularly for families, makes home exchange an attractive alternative. By eliminating accommodation expenses, PLU enables travelers to extend their stays and allocate more resources towards experiences, local cuisine, and exploration.
Drew Seitam, Founder of People Like Us, highlights the role of technological advancements in facilitating secure and efficient domestic and international home exchanges. “Our platform connects travelers with comfortable and familiar living spaces,” says Seitam, “while ensuring homeowners have peace of mind knowing their property is in the care of trusted members.” PLU fosters a vibrant international community, offering a unique and cost-effective travel solution that resonates strongly in today’s economic climate.
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