What were the fees, dues, and assessments revenues for Surestay Hotel By Best Western in 2022?
Surestay_Hotel_By_Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
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Consolidated Statements of Revenues and Expenses
| (in thousands) | 2023 | Years Ended November 30, 2022 | |
|---|---|---|---|
| REVENUES: | |||
| Fees, dues and assessments | $ 293,536 | $ 276,766 | |
| Program revenues | 180,273 | 165,915 |
Source: Item 23 — Receipts (FDD pages 88–286)
What This Means (2025 FDD)
According to Surestay Hotel By Best Western's 2025 Franchise Disclosure Document, the revenues from fees, dues, and assessments for the year ending November 30, 2022, were $276,766,000. This figure represents the income Surestay Hotel By Best Western generated from its membership and franchise network through various fees. These fees compensate the company for services provided to members, soft brand licensees, SureStay franchisees, and WorldHotels licensees.
For a prospective franchisee, understanding the composition of these fees is crucial. These fees, dues, and assessments are established by the membership and the Board of Directors. They cover hotel support, marketing, and licensing of intellectual property related to the brand names. Monthly fees and assessments include advertising, sales and marketing, and technology expenses. Annual dues are billed each year for continuing membership.
The fees, dues, and assessments revenue is a significant indicator of the financial health and stability of Surestay Hotel By Best Western. Franchisees should analyze these figures in conjunction with other revenue streams and expenses to assess the overall performance and profitability of the franchise system. Reviewing trends in these revenues over multiple years can provide insights into the brand's growth and market position.