What does the BestREV fee cover for Bw Premier Collection franchisees?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| BestREV | Cost recovery set-up fee plus $175 per month for licensing, support and maintenance. | Due and payable monthly upon statement receipt. | Payable for use of demand forecasting and rate optimization software subscription program. |
Source: Item 6 — Other Fees (FDD pages 19–26)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the BestREV fee covers the licensing, support, and maintenance of demand forecasting and rate optimization software. The franchisee is responsible for a cost recovery set-up fee in addition to a recurring monthly fee of $175. This fee is payable monthly upon receipt of the statement.
This software subscription program is designed to help Bw Premier Collection hotels optimize their pricing strategies based on demand forecasts. By using this software, franchisees can potentially increase their revenue by adjusting rates to match market conditions and anticipated demand.
It is important to note that Bw Premier Collection may revise fees, charges, and credits. As this is a cost recovery fee, the initial cost may vary. Franchisees should factor this monthly cost into their operating budget and understand the potential benefits of using the demand forecasting and rate optimization software.