Spring Festival, the holiday period around Chinese New Year, has always been China’s busiest travel season. Millions journey home for family reunions or take advantage of the extended break for leisure trips. In 2025, the festive season saw a record 2.3 billion trips, with travelers collectively spending RMB 677 billion (USD 94 billion) on tourism and leisure. Amidst the holiday surge, savvy travelers looking to avoid peak season hotel costs are turning towards a community-driven, wallet-friendly alternative: house-swapping.
The movement started as an informal social exchange on Xiaohongshu (Red Note) and first gained traction around Spring Festival last year. Since then, new platforms have cropped up to serve as formal marketplaces, such as the House Exchange App (换房APP) or House Swap Travel (换房旅游). Users can upload or browse listings, chat with potential swap partners, pay safety deposits and finalize agreements via the app. The platforms also provide a safety net by vetting all users through identity verification, property certificates and facial recognition.
House swapping isn’t a new concept, of course, but it’s enjoying a surge in popularity. HomeExchange, the biggest industry player globally, reported a 51% membership growth in 2024. Drivers for that growth? Hotels from Shanghai to San Francisco increasingly look the same while prices continue to climb in response to heightened demand. Meanwhile, influencers tout the same handful of TikTok-viral, must-go spots. In response, travelers looking to save money while searching for more authentic travel experiences are turning to local communities for unfiltered alternatives.
Beyond the obvious economic benefits, there’s a sense of adventure in connecting with a stranger to swap homes and exchange local tips, a direct antithesis to the algorithmic experience of booking yet another hotel chain and scrolling social media for travel recommendations. Some Chinese house-swapping platforms are gamifying the process, too. Good community behavior — such as maintaining a detailed listing or uploading local tips — is incentivized through platform currencies that can be used to offset the cost of future bookings.
Could your brand benefit from fostering a barter community? Which segment of your audience would be most eager to join?