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-   -   How much money does priority pass make? (https://www.flyertalk.com/forum/travelbuzz/1600379-how-much-money-does-priority-pass-make.html)

howtofreetravel Aug 5, 2014 8:49 am

How much money does priority pass make?
 
I use it a lot i think 20 times this year(with the plat Amex card). How do they make money on me?

mapleg Aug 5, 2014 4:59 pm


Originally Posted by howtofreetravel (Post 23313190)
I use it a lot i think 20 times this year(with the plat Amex card). How do they make money on me?

What matters if they make money in the year, not whether or not they make money on one single person. Same theory as running an all you can eat buffet...some people cost them a few bucks, but the majority don't.

sbm12 Aug 5, 2014 5:03 pm

They get paid by AmEx for your membership. They pay out a small sum to the lounge each time you use it. On average they come out ahead for the amount they take in from all the different memberships purchased versus the number of "free" visits redeemed. If they didn't they'd be out of business. And they've been doing this a long time now.

howtofreetravel Aug 6, 2014 3:25 am

Any idea how much they pay out?

LondonElite Aug 6, 2014 3:53 am

A first step might be here

http://www.prioritypass.com/Press/index.cfm

A second step might be to go to the UK Companies House website and pay to download the latest annual report for Priority Pass Limited.

The wonders of the Internet...;)

GUWonder Aug 6, 2014 4:14 am


Originally Posted by LondonElite (Post 23318066)
A first step might be here

http://www.prioritypass.com/Press/index.cfm

A second step might be to go to the UK Companies House website and pay to download the latest annual report for Priority Pass Limited.

The wonders of the Internet...;)

The Collinson Group, Colin Evans to be particular, has a more complete picture of how this is working out.

Kagehitokiri Aug 6, 2014 4:15 am


Originally Posted by LondonElite (Post 23318066)
Priority Pass Limited
Companies House

some data >
http://www.opencompany.co.uk/company...y-pass-limited
https://www.duedil.com/company/02728...ted/financials

https://www.check-business.co.uk/bus...y-pass-limited

In 2013, they made a post-tax profit of £5,040,731 on a turnover of £107,649,175 (up 16% from 2012)
https://www.amee.com/companies/00028...y-pass-limited
says source for above is companies house

http://companycheck.co.uk/company/02728518
has balance sheet data


Originally Posted by GUWonder (Post 23318127)
The Collinson Group

http://www.collinsongroup.com/
http://www.iclployalty.com/newsroom/...ent-award.aspx


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