What was the net increase in the number of Even Hotels franchised hotels from the beginning to the end of 2022?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| (Unaudited) | |||
| Franchised hotels at beginning of year | 3,974 | 3,926 | 3,861 |
| New franchises | 126 | 87 | 93 |
| Franchises removed | (54) | (39) | (28) |
| Franchised hotels at end of year | 4,046 | 3,974 | 3,926 |
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the net increase in the number of franchised hotels during 2022 can be calculated using the provided table. At the beginning of 2022, there were 3,861 franchised hotels. During the year, 93 new franchises were added, while 28 franchises were removed. This resulted in a total of 3,926 franchised hotels at the end of 2022.
To determine the net increase, we subtract the number of hotels at the beginning of the year from the number at the end of the year. Therefore, 3,926 (end of year) minus 3,861 (beginning of year) equals a net increase of 65 franchised hotels for Even Hotels in 2022.
This information is useful for potential franchisees as it shows the growth and changes in the Even Hotels franchise system over time. A positive net increase suggests that the brand is expanding, which could indicate a healthy and attractive franchise opportunity. Conversely, a decrease might warrant further investigation into the reasons behind the closures or terminations.