Candlewood Suites

Candlewood Suites is a hotel chain brand owned by IHG Hotels & Resorts.

Candlewood Suites
Company typeSubsidiary
IndustryHotel
Founded1995
FoundersJack Deboer, Jim Korroch
Number of locations
367[1] (2022)
Area served
Worldwide
ParentIHG Hotels & Resorts
Websitewww.ihg.com/candlewood/

History

The Candlewood Suites chain was started in 1995 by Jack Deboer, founder of the Residence Inn and co-founder of the Summerfield Suites chain. The first hotel was built on North Webb Road in Wichita, Kansas, United States, and opened in 1996.

From 1995 to 2003, Candlewood Hotel Company franchised and managed hotels throughout the US. In January 2004, Candlewood Suites was acquired by IHG. As of September 30, 2007, there were 151 Candlewood Suites hotels currently open, with 187 hotels in the pipeline, with an estimated 50 of these hotels opening during 2007. There are now 342 locations worldwide. Candlewood competes with other value-priced, extended-stay hotels such as TownePlace Suites and Mainstay Suites.[2]

In 2024, IHG announced the entry of the Candlewood Suites brand into the German market as part of a vast franchise and cooperation agreement with German hotel operator Novum Hospitality which in turn will rebrand their current acora living the city appartment hotels to Candlewood Suites.[3]

Description
Candlewood Suites in Valdosta

The brand's locations are extended-stay hotels focused primarily on rate-sensitive business travelers, also known as corporate transient travelers. Typically corporate transient travelers stay only during the week, leaving the occupancy of the subject hotels lower during the weekend. However, with true extended-stay business being over seven days, and often beyond 30 days, it allows the hotel to maintain a higher occupancy average overall. While this occupancy generally comes with a lower average rate or average daily rate (ADR), the revenue per available room sold (RevPAR) is typically higher as a result of the significantly higher occupancy and penetration rate within the respective markets.[2] Consistent with the extended-stay business, housekeeping staff and expense are greatly reduced with the operations of this type of hotel since daily room cleanings are not provided to extended-stay guests.[4]

Accommodations

2003-2010
AmericasEurope,
Middle East,
& Africa		Asia-PacificTotal
2003[5]Properties109109
Rooms12,56912,569
2004[6]Properties109109
Rooms12,40712,407
2005[7]Properties112112
Rooms12,68312,683
2006[8]Properties130130
Rooms14,14914,149
2007[9]Properties158158
Rooms16,82516,825
2008[10]Properties204204
Rooms20,64120,641
2009[11]Properties254254
Rooms25,28325,283
2010[12]Properties288288
Rooms28,25328,253

2011-2017
AmericasEuropeAsia,
Middle East,
& Africa		Greater ChinaTotal
2011[13]Properties285285
Rooms27,50027,500
2012[14]Properties299299
Rooms28,67528,675
2013[15]Properties312312
Rooms29,77829,778
2014[16]Properties322322
Rooms30,70830,708
2015[17]Properties341341
Rooms32,32832,328
2016[18]Properties362362
Rooms34,19234,192
2017[19]Properties376376
Rooms35,42435,424

From 2018
AmericasEurope,
Middle East,
Asia,
& Africa		Greater ChinaTotal
2018[20]Properties396396
Rooms37,21037,210
2019[21]Properties410410
Rooms38,33238,332
2020[22]Properties366366
Rooms32,43532,435
2021[23]Properties361361
Rooms32,02532,025
2022[24]Properties368368
Rooms32,75332,753
2023[25]Properties376376
Rooms33,49733,497

References
  1. "Candlewood Suites". IHG Development. Retrieved November 9, 2022.
  2. "Candlewood Suites" (PDF). IHG. December 7, 2004. Archived from the original (PDF) on December 11, 2005. Retrieved November 9, 2022.
  3. ihgplc.com - IHG Hotels & Resorts and NOVUM Hospitality sign agreement that doubles IHG’s hotel presence in Germany, launches Holiday Inn – the niu collaboration, and debuts Garner and Candlewood Suites brands 15 April 2024
  4. Extended Stay Suites | Long Term Hotel Suites | Candlewood Suites. Ihg.com (September 19, 2012). Retrieved on July 26, 2013.
  5. "IHG Annual Report and Financial Statements 2003" (PDF). www.annualreports.com.
  6. "IHG Annual Report and Financial Statements 2004" (PDF). www.annualreports.com.
  7. "IHG Annual Report and Financial Statements 2005" (PDF). www.annualreports.com.
  8. "IHG Annual Report and Financial Statements 2006" (PDF). www.annualreports.com.
  9. "IHG Annual Report and Financial Statements 2007" (PDF). www.annualreports.com.
  10. "IHG Annual Report and Financial Statements 2008" (PDF). www.annualreports.com.
  11. "IHG Annual Report and Financial Statements 2009" (PDF). www.annualreports.com.
  12. "IHG Annual Report and Financial Statements 2010" (PDF). www.annualreports.com.
  13. "IHG Annual Report and Financial Statements 2011" (PDF). www.annualreports.com.
  14. "IHG Annual Report and Financial Statements 2012" (PDF). www.annualreports.com.
  15. "IHG Annual Report and Financial Statements 2013" (PDF). www.annualreports.com.
  16. "IHG Annual Report and Financial Statements 2014" (PDF). www.annualreports.com.
  17. "IHG Annual Report and Financial Statements 2015" (PDF). www.annualreports.com.
  18. "IHG Annual Report and Financial Statements 2016" (PDF). www.annualreports.com.
  19. "IHG Annual Report and Financial Statements 2017" (PDF). www.annualreports.com.
  20. "IHG Annual Report and Financial Statements 2018" (PDF). www.annualreports.com.
  21. "IHG Annual Report and Financial Statements 2019" (PDF). www.annualreports.com.
  22. "IHG Annual Report and Financial Statements 2020" (PDF). www.annualreports.com.
  23. "IHG Annual Report and Financial Statements 2021" (PDF). www.annualreports.com.
  24. "IHG Annual Report and Financial Statements 2022" (PDF). www.annualreports.com.
  25. "IHG Annual Report and Financial Statements 2023" (PDF). www.ihgplc.com.

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