What was the total number of Best Western outlets in New Mexico at the end of 2023?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |---|---|---| | | 2023 | 0 | | | 2024 | 2 | | West Virginia | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 | | Wisconsin | 2022 | 8 | | | 2023 | 3 | | | 2024 | 4 | | Wyoming | 2022 | 0 | | | 2023 | 0 | | | 2024 | 1 | | Totals | 2022 | 131 | | | 2023 | 80 | | | 2024 | 93 | Table 3 Status of Licensed Outlets For years 2022 to 2024
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opened | Col. 5 Terminations | Col. 6 Non- Renewals | Col. 7 Reacquired By Licensor | Col. 8 Ceased Operations - Other Reasons | Col.
Source: Item 20 — Outlets and Franchisee Information (FDD pages 93–107)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, there were 26 outlets in New Mexico at the end of 2023. At the start of 2023, there were 26 Best Western outlets. During 2023, one new Best Western opened in New Mexico, one non-renewal occurred, resulting in 26 Best Western outlets at the end of the year.
It is important to note the difference between "outlets at the start of the year" and "outlets at the end of the year" when reviewing the growth and changes in a franchise system. The number of outlets at the end of the year reflects the net effect of openings, terminations, non-renewals, and other changes that occurred throughout the year.
For a prospective Best Western franchisee in New Mexico, this data indicates a relatively stable market presence. While one new outlet opened, one non-renewal also occurred, keeping the total number of outlets the same. This could suggest a balanced market with opportunities for growth, but also potential challenges in maintaining and renewing franchise agreements.