For The Standardx franchise, what is the cost for FIT service per interaction?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
SERVICES BY HYATT MASTER AGREEMENT**
This Digital Ancillary Program Schedule ("Schedule") is made effective as of [INSERT DATE] ("Schedule Effective Date") subject to and part of the Central Hotel Services by Hyatt Master Agreement entered into by the parties listed in the signature block below. All capitalized ter
Source: Item 18 — OTHER INCOME (LOSS), NET (FDD pages 187–399)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the cost for the FIT service is $3.50 USD per interaction. This is a one-time cost, as indicated in Item 18. Other services listed with their corresponding one-time costs include HySAT Reviews at $3.50 USD per interaction, PBX Services at $1.30 USD per occupied room, GSB/Rooming List Support at $16 USD per list, and Post Stay Review Support at $3.50 USD per interaction.
For a prospective franchisee, this means that each time the FIT service is utilized, The Standardx will charge $3.50. The FIT service, along with the other listed services, represents potential revenue streams for The Standardx beyond the standard royalty and system service charges. Understanding the frequency with which these services are likely to be used by hotel guests is crucial for projecting potential income.
It's important for potential franchisees to understand what the FIT service entails and how it benefits the hotel and its guests. This information will help in estimating the demand for the service and its potential contribution to the overall revenue. Furthermore, franchisees should inquire about any additional fees or changes related to these services that may not be explicitly detailed in the FDD, as service offerings and associated costs can evolve over time.
Ultimately, understanding these costs and potential revenue streams is crucial for a prospective franchisee to accurately assess the financial viability of a The Standardx franchise. By carefully evaluating the demand for these services and their associated costs, franchisees can make informed decisions about their investment and operational strategies.