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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?
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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?
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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.
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Any idea how much they pay out?
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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...;) |
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...;) |
Originally Posted by LondonElite
(Post 23318066)
Priority Pass Limited
Companies House 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) 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.iclployalty.com/newsroom/...ent-award.aspx |
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