What was the reported value of Best Western's capitalized R&D expenses in 2023?

Based on the 2025 Best Western Franchise Disclosure Document, there is no specific disclosure of capitalized Research and Development (R&D) expenses. However, the document does provide a consolidated statement of revenues and expenses. For the year 2023, it lists total revenues and total expenses, along with specific line items such as fees, dues, assessments, program revenues, other revenues, compensation, taxes, benefits, advertising and promotion, depreciation and amortization, general and administrative expenses, and program cost of sales.

While the financial statements offer a detailed breakdown of various revenue and expense categories, R&D expenses are not explicitly mentioned as a separate line item. The absence of a specific R&D expense line suggests that these costs may be included within other expense categories, such as general and administrative expenses, or program cost of sales, depending on the nature of the research and development activities.

For a prospective Best Western franchisee, understanding the level of investment in R&D could be valuable in assessing the brand's commitment to innovation and future competitiveness. Therefore, it would be prudent to inquire directly with Best Western about their R&D expenditure and how it is accounted for in their financial statements to gain a clearer picture of their investment in this area.