I recently learned about beacon frames and how they can use up a lot of the radio spectrum due to always being sent at the lowest speed. Basically, the more SSIDs on the same channel, the worse the channel performance will be due to all the slow beacons causing interference. I decided to do a write up on my blog explaining the issue and outlining a number of solutions.
See https://r1ch.net/blog/wifi-beacon-pollution for more information and what you can do to optimize your beacons and help keep your channels running at peak performance.