How does Global Homing work?Global Homing is a holiday home exchange portal where you do not have to look for an exchange partner – no simultaneous or direct exchange is required. You can select, request and book your dream destination no matter when and where your host wants to go on holiday –from the very first day of your membership. That is why we have created a simple (travel) point system which guarantees fairness (see property categories) and independence (see travel points and travel points overdraft).
What are travel points?Global Homing club members compensate the use of their holiday homes with travel points, the internal club currency. Thus, if you want to go on holiday in a holiday home, the required travel points are transferred from your travel points account to your host's account. If you get an enquiry and agree with the booking, the required travel points are transferred automatically from your guest to you. The number of travel points transferred per night is based on the property category of the holiday home, which is indicated in each property description in the title by the “figure in the circle”.
The level of the property category corresponds to the number of travel points that have to be used per night: For a holiday home with property category 1, one travel point per night has to be used; for a holiday home with property category 2 two travel points per night have to be used; and so on.
For example: For ten overnight stays in a holiday home with property category 3, 30 travel points are transferred.
What are the property categories?Since no simultaneous or direct exchange is required with Global Homing, you can request and book any other holiday home regardless of your own property category – no matter which property category your favourite holiday home has. The property categories ensure fairness and guarantee adequate compensation. The level of the property category indicates how many travel points per night have to be used and is shown in each property description in the title by the “figure in the circle”.
The ten property categories for holiday homes and flats reflect the current market value of the property, which means how much the property would cost in case of sale or purchase. The four property categories of the hotels/guest houses are based on the theoretical costs for an overnight stay for each accommodation. When creating your property presentation, you assign your property to a property category on the basis of your own fair estimate.
Classification of holiday houses or holiday flats:
Category 1 = Properties up to € 125,000
Category 2 = Properties from € 125,000 - € 250,000
Category 3 = Properties from € 250,000 - € 500,000
Category 4 = Properties from € 500,000 - € 750,000
Category 5 = Properties from € 750,000 - € 1 mill.
Category 6 = Properties from € 1.0 mill. - € 1.5 mill.
Category 7 = Properties from € 1.5 mill. - € 2.0 mill.
Category 8 = Properties from € 2.0 mill. - € 2.5 mill.
Category 9 = Properties from € 2.5 mill. - € 3.0 mill.
Category 10 = Properties from € 3.0 mill.
Classification of hotels / guesthouses
Category 1 = Cost per night and accommodation up to € 125
Category 2 = Cost per night and accommodation from € 126 - € 250
Category 3 = Cost per night and accommodation from € 251 - € 500
Category 4 = Cost per night and accommodation more than € 500
What is the travel points overdraft?To enable you to request and book a holiday home at any time – even if you have not collected any or enough travel points for your desired destination – we put a sufficiently high travel points overdraft at your disposal. The amount of your personal travel points overdraft is determined on the basis of your own property category multiplied by 60 and is specified in your travel points account. You can balance your travel points account at any time. Even after membership is terminated, you can still use or collect travel points for one year thereafter. Alternatively, a negative balance of travel points can be redeemed at € 25.00 per travel point.
START BONUS: When you book your first holiday home, we pay 50 % of the travel points; that means that, after confirmed booking, we will credit your travel points account with half of the used travel points.