What was the reported travel card liability for Bw Premier Collection in 2024 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2024 | 2023 | |
|---|---|---|---|
| Accrued compensation and benefits | $ 29,935 | $ 27,155 | |
| Accounts payable | 25,340 | 26,273 | |
| Accrued liabilities | 21,878 | 21,851 | |
| Travel Card liability | 3,716 | 4,542 | |
| Current construction loans payable | 1,079 | 1,039 | |
| Current lease liability | 690 | 848 | |
| Total | $ 82,638 | $ 81,708 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the travel card liability for 2024 was $3,716,000. This figure represents the amount Bw Premier Collection owes related to outstanding travel cards as of the end of the fiscal year. In comparison, the travel card liability in 2023 was $4,542,000.
This liability reflects the financial obligation Bw Premier Collection has to customers who have purchased travel cards but have not yet redeemed them. The decrease in travel card liability from 2023 to 2024 could indicate a higher redemption rate of travel cards or a decrease in travel card sales during 2024.
Prospective franchisees should consider this liability as it reflects a portion of Bw Premier Collection's overall financial obligations. Understanding the trends in travel card liabilities can provide insights into the popularity and usage of these cards, which may impact revenue and customer loyalty. Franchisees may want to inquire about the specific terms and conditions of the travel card program and how it affects their individual hotel operations.