Three new countries - Australia, Taiwan and Thailand - are competing with the 11 BWF associations that presently host events on the annual 12-round circuit.
China, which stages two tournaments at present, is once again seeking to host two events in Changzhou and Guangzhou (proposed shift from Shanghai).
There will once again be five premier tournaments and seven basic Superseries events each year.
Australia, China (Guangzhou), Denmark, England, Indonesia, Malaysia and Singapore are competing to host one of the premier events, which are presently staged in Korea, England, Denmark, Indonesia and China.
China (Changzhou), Taiwan, France, Hong Kong, India, Japan, South Korea and Thailand are eyeing Superseries tournaments. These are held in Malaysia, France, Hong Kong, India, Japan, Singapore and China at the moment.
The BWF said Canada, Switzerland and the USA initially expressed an interest in hosting a tournament, but chose not to proceed in the bidding process.
The premier tournaments will each have minimum prize money of $500,000 in 2014 and 2015, rising to $550,000 in 2016 and $600,000 in 2017, compared with $350,000 for both 2011 and 2012 and $400,000 for next season.
Standard Superseries prize money will start with a minimum $250,000 in 2014 and rise to $275,000 in 2015, $300,000 in 2016 and $325,000 in 2017. Prize money for the seven events in the present cycle is $200,000.
Thomas Lund, secretary general and chief operating officer of the BWF, said: "The bidding for these 12 events has been extremely competitive and those countries and cities which are selected will have met some high criteria because we are looking to raise the bar in a number of ways.
"Badminton as a sporting and entertainment spectacle is improving each year and, as a result, is generating more interest and excitement worldwide. The fact that so many countries and cities now want to be part of BWF’s elite circuit is testament to this fact."
The host cities will be announced at the BWF's next council meeting in November.