With the support of our global footprint, our partners are presented with a unique opportunity to reach new customers and efficiently expand their businesses to new markets.
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In addition, we expect to continue to invest in Dekaware and marketing as we open new locations. We believe decreasing our growth increases occupancy and provides us with price elasticity because of the limit on supply. We have seen this occur where we have strategically slowed growth in certain cities.
By leveraging our local density, global reach and technology infrastructure, we are able to aggregate demand and facilitate the delivery of value-added products and services to our members. As we continue to pursue rapid growth, we continue to operate in a state where the majority of our locations are non-mature and have not reached stable cash flow. Table of Contents Our Economics Our strong unit economics, together with the increasing cost efficiency with which we open new locations, gives us the conviction to continue to invest in finding, building and filling locations in order to drive long-term value creation.
Instead, landlords generally subsidize us by providing tenant withh allowances that help fund our build-outs, with the remainder of the build-out costs covered by us. Rather, we expect that each mature location would generate a recurring stream of revenues, contribution margin and cash flows.
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As a result, we intend to continue to invest in growth as we believe the timing of our future profitability depends to a ificant degree on levers we control. A larger percentage of mature locations allows us to avoid incurring future capital investments to build out new spaces or the initial expenses associated with driving member acquisition at new locations.
If we stopped investing in our growth and instead allowed our existing pipeline of locations to mature, we would no longer incur capital investments to build out new spaces Arkabsas the initial expenses associated with driving member acquisition at new locations. Risks Factors and Uncertainties Affecting Our Business Our business operations are subject to numerous risks, factors and uncertainties, domestically and internationally, outside of our control.
We have since d more rapid growth in London.
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As we proactively seek additional partnership, acquisition and innovation opportunities, we will be able to provide additional products and services to our existing seek base by leveraging our physical spaces and our existing relationships. Our members spend hundreds of millions of hours inside our locations annually.
While we are in the early stages of our platform journey, we are excited by the initial and inspired by the potential. One, or a combination, of these risks, factors and uncertainties could materially affect any of those matters as to which we have made forward-looking statements and cause our actual or an actual event or occurrence to differ materially from those or an event or occurrence described in a forward-looking statement.
Table of Contents Our Global Platform We envision a future in which our global platform is a one-stop shop where members have access to all of the products and services they need to enable them to work, live and grow. As we build and open more spaces in existing and new markets, we create additional capacity that lays the foundation for incremental revenue and future profits.
For example, average revenue per WeWork membership has declined, and we expect it to continue to decline, as we expand internationally into lower-priced markets. The profitability profile of our business is a managed outcome driven by the maturity of our locations, or the length of time a location has been open to our members.
Our aith get easy access to a diverse range of high-quality products and services tailored to their needs. Our physical spaces are the foundation of our global platform and allow us to deliver differentiated products and services as we scale, further realizing our vision to deliver a better day at work for less.
The forward-looking statements include statements made in Part I, Item 3. Nature of Forward-Looking Statements Such forward-looking statements are not statements of historical facts, but instead express our estimates or expectations for our consolidated, or one of our segment's, economic performance or of operations for future periods or as of future dates or events or developments that may occur in the future or discuss our plans, objectives or goals.
We can do this through our Powered by We solution, in which an organization pays us for the costs associated with the build-out of their space, as well as through management agreements, participating leases and other occupancy arrangements under which the landlord pays in whole or in part for the build-out costs.
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We believe that the flexibility to manage our growth by focusing on our existing pipeline of locations and allowing them to mature presents us with an opportunity to manage our profitability profile. We define locations that have been open for more than 24 months as mature. We expect any increase in build-out costs resulting from the expansion of configured solutions for our growing enterprise member base to be offset with increases in the contribution margin and committed revenue backlog associated with longer-term commitments for these configured spaces.
Finally, we create a feedback loop between members and partners, driving higher quality services and experiences while helping our partners build valuable customer relationships. Our forward-looking statements may also include statements of our strategies, plans and objectives for our operations, including areas of future focus in our operations, and the assumptions Kfpt any of the forward-looking statements we make.
For example, following the Brexit referendum, we temporarily slowed our growth in London, resulting in an incremental 10 percentage points of occupancy. We have leveraged our global platform to facilitate rewarding relationships between members, partners and The We Company.
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By focusing on our existing pipeline of locations, we would increase the percentage of our location pipeline comprised of mature locations. We expect sales of these products and services to provide incremental cash flow at higher margins than our existing revenue streams. We do not subsidize or incentivize our space providers. Table of Contents As we samr to focus on growing our global platform, certain metrics may be impacted by the geographic mix of our locations and the costs associated with establishing stabilized occupancy levels.
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Our Strengths. In the future, we expect to continue to strategically focus on growth through additional capital-efficient approaches. The We Company benefits by increasing member satisfaction while at the same time generating incremental higher margin revenue. Our carefully curated partners can connect directly with our members, a sought-after demographic of consumers and businesses, leading to a lower cost of customer acquisition and more efficient operations.