How much money does priority pass make?
Aug 5, 2014 | 4:59 pm
#2
Join Date: Aug 2008
Location: トロント
Programs: IHG Platinum
Posts: 4,856
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.
Aug 5, 2014 | 5:03 pm
#3
A FlyerTalk Posting Legend
Join Date: Apr 2001
Location: PSM
Posts: 69,232
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.
Aug 6, 2014 | 3:53 am
#5
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Join Date: Mar 2002
Location: Canada, USA, Europe
Programs: UA 1K
Posts: 31,439
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...
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...
Aug 6, 2014 | 4:14 am
#6
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Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,077
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...
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...
Aug 6, 2014 | 4:15 am
#7
FlyerTalk Evangelist
Join Date: Jun 2006
Location: IAD/DCA
Posts: 31,871
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
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
http://www.collinsongroup.com/
http://www.iclployalty.com/newsroom/...ent-award.aspx
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
http://www.collinsongroup.com/
http://www.iclployalty.com/newsroom/...ent-award.aspx
Last edited by Kagehitokiri; Aug 6, 2014 at 4:24 am