Invitation-only network for professional operators

Turn empty nights into stays anywhere.

Professional operators leave 30 to 40 percent of their nights empty every year. The Stay Exchange turns that idle inventory into credits you can spend across a closed network of vetted operators. No discounting your public rate. No cash changing hands between hosts.

30 to 40%
of professional inventory sits empty each year
$35bn
professionally managed short-term let market
1 : 1 USD
credits pegged to real market rate from your PMS
A worked example

Trade the nights you can't sell for a stay you actually want.

Your quiet nights become credits. You spend them where you like and when you like, with no fire-sale discounting and no swapping your own home on someone else's dates.

You list
6 quiet mid-week nights
across your Edinburgh flats this February, dates that were never going to sell for cash.
You earn
$1,140 in credits
at your real market rate, the moment other members book those nights. You can set peak dates to earn even more.
You stay
A week away, on your terms
Barcelona in September, Dubai over winter, or anywhere in the network. You choose the place and the dates. Around $1,120 in credits, plus a small cash fee.
Your credits are yours to spend on your own schedule. There is no reciprocal swap, and no giving up your property on dates that only suit someone else.
The problem

Empty nights are not lost revenue. They are working capital sitting idle.

Dynamic pricing, channel managers and length-of-stay discounts have not moved the needle in a decade. The gap nights are structural: mid-week winter, shoulder seasons, gaps between weekends. There simply is not enough cash demand at any rate you would accept. Consumer home-swap never solved it, because it was built for amateurs, not operators.

60 to 70%
typical trailing-year occupancy in the professional segment
Every week
professional operators have inventory available, unlike one-home-a-year swappers
Licensing
regimes are capping supply, so operators must extract more from what they hold
Not a home swap

Everything home exchange got wrong, rebuilt for operators.

Home swap has existed since the 1950s and never became the inventory layer for professionals, because it was built for amateurs trading their own front door once a year.

Consumer home swap
Amateur homes, unpredictable quality
Manual messaging and key handovers
No pricing data, value is guesswork
One reciprocal swap, only on matching dates
Around one exchange a year
The Stay Exchange
Vetted, licensed, professionally run units
API bookings that flow into your PMS
Credits pegged to your live market rate
Spend credits anywhere, on dates you choose
Gap nights available every single week
How it works

It flows through your PMS like any other channel.

No new calendar, no double entry, no manual coordination. You connect once and bookings land back in your system tagged as The Stay Exchange, identical to a Booking.com or Vrbo reservation.

1

Connect once

Link your PMS in a couple of clicks. Availability and live nightly rates sync automatically, so there is nothing to set up or duplicate.

OAuth, a few minutes
2

Set your rules

Choose which unsold dates open for credit bookings, per property, and season your credit pricing up or down. You stay in full control of what is exposed.

Per-property, configurable
3

Bookings flow in

Members book, credits land in your balance, and the reservation appears in your PMS like any other channel. Your team handles it exactly as they do today.

Tagged, hands-off

Built to connect with the professional PMS platforms operators run

Hostaway
guesty
Hostfully
Lodgify
Uplisting
hospitable
Beds24
OwnerRez
Smoobu
Tokeet
Avantio
Streamline
Hostify
Escapia

Launching with the majors first, expanding across the market. Run something else? Tell us and we will prioritise it.

The mechanic

Credits pegged to real market value. No gaming, no mispricing.

Every credit is worth one US dollar, anchored to the live rate from your PMS. Price honestly and you earn what your inventory is worth. Over-price and nobody books you. The booker carries the fee, because they are the one benefiting from paying mostly in credits.

  • USD-denominated credits give a common unit across GBP, EUR, USD and AUD properties.
  • Hosts pay nothing to earn or redeem. The 15 percent cash fee falls on the booker.
  • Season it your way. Ask up to 50 percent more credits for peak dates, or offer 50 percent less to move a quiet week, exactly like cash pricing.
  • Your public rate is protected. You monetise gap nights without discounting on Airbnb or Booking.com.
  • Insured and vetted. A three-layer damage model sits behind every stay.
BookingCentral Edinburgh, 4 nights
Market value$1,000
You pay in credits$1,000
Cash service fee (15%)$150
Cash out of pocket$150
Trust and protection

Every stay is vetted, insured and backed by a deposit.

The single biggest question operators ask is what happens to their property. Three layers sit behind every booking so you are never exposed the way an open marketplace leaves you.

LAYER 01

Vetted at the door

Operators must hold at least 20 verified guest reviews to be eligible. Licences are cross-referenced against council databases, insurance verified, and cleaning standards audited before anyone joins. Every booker is also a host, so the standard is mutual.

LAYER 02

Layered insurance

Your existing short-term-let policy is the primary cover, with a platform master policy sitting behind it specifically for credit bookings.

LAYER 03

Damage deposit

Every booking carries a credit-held deposit for the long tail of minor damage, settled quickly and without troubling insurers.

Who it's for

A closed network. Professional supply only.

The Stay Exchange is invitation-only and built for multi-unit operators running on a modern PMS with proper licensing and insurance. That is the whole point: every property you can book is held to the same standard as your own.

Proven operators

Eligibility starts at a track record of at least 20 verified guest reviews. Licence numbers are cross-referenced against council databases, insurance is verified, and cleaning standards are audited at onboarding.

PMS-native

Bookings flow into your existing system as a normal reservation. No new calendar to babysit, no double entry.

Reciprocal quality

Because every booker is also a host, standards are mutual. You stay somewhere as good as the property you list.

High frequency

Operators have gap nights every week, so the network is liquid in a way consumer home-swap never could be.

Why now

Three shifts make 2026 the moment.

PMS penetration

Over 75 percent of professional operators now run a modern PMS with open APIs. A handful of integrations reaches most of the market.

Professionalisation

Multi-unit operators now run the majority of listed inventory in the cities that shaped the industry. They evaluate every channel on yield.

Regulatory scarcity

Licensing regimes are capping new supply. Operators cannot scale by adding units, so they must extract more from what they hold.

Built by operators

Made by people who run the businesses The Stay Exchange is built for.

The Stay Exchange is founded from inside the professional short-term let industry, by a multi-unit operator who chairs a national self-catering association and sits on government STL guidance. It launches through the channels operators already trust, not cold advertising.

Empty nights are not lost revenue, they are working capital sitting idle. Every operator I know has the same problem, and no cash tool has ever fixed it. Founder, The Stay Exchange
Operator-founded Association distribution Regulatory expertise Insurance-backed
Closed beta
Launching in Scotland, 2026. Founding operators onboarded by invitation.
Questions

The things operators ask first.

Is this just a home swap under a new name?

No. Home swap trades one amateur home for another on matching dates. The Stay Exchange is a closed network of vetted, licensed, professionally run units, where you earn credits when others book your gap nights and spend them anywhere in the network, on dates you choose. There is no reciprocal swap.

What does it cost me?

Nothing to earn or redeem credits. The only fee is a 15 percent cash service charge, and it is paid by the booker, who is the one benefiting from paying mostly in credits. That is at parity with the combined fees on Airbnb and the OTAs.

How is the value of a credit decided?

Credits are pegged one to one to the US dollar, anchored to your real market nightly rate pulled live from your PMS. You can season your pricing up or down by up to 50 percent for peak and quiet dates, exactly as you would with cash pricing. You cannot inflate a property above market, because nobody would book it.

Do I have to give up my own place to travel?

No. You list only the unsold dates you choose, per property. Earning and spending are separate, so you can build a credit balance from quiet nights and spend it whenever and wherever suits you.

What happens if a guest damages my property?

Three layers protect you: your own short-term-let insurance is primary, a platform master policy sits behind it for credit bookings, and every booking carries a credit-held damage deposit for minor claims. Every operator on the network is vetted before they can book.

Which systems do you connect to?

We are launching integrations with the major professional PMS platforms, including Hostaway, Guesty, Hostfully, Lodgify, Uplisting and Hospitable. If you run one of these, connecting takes a few minutes.

Founding beta

Put your empty nights to work.

We are onboarding a first cohort of professional operators. Register your interest and we will be in touch about early access.