Candlewood Suites
Parent IHG Hotels & Resorts | | |
| Website | www | |
|---|---|---|
Candlewood Suites is a hotel chain brand owned by IHG Hotels & Resorts.
History
The Candlewood Suites chain was started in 1995 by Jack Deboer, founder of the
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
Description
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.[3]
References
- ^ "Candlewood Suites". IHG Development. Retrieved November 9, 2022.
- ^ a b "Candlewood Suites" (PDF). IHG. December 7, 2004. Archived from the original (PDF) on December 11, 2005. Retrieved November 9, 2022.
- ^ Extended Stay Suites | Long Term Hotel Suites | Candlewood Suites. Ihg.com (September 19, 2012). Retrieved on July 26, 2013.
External links
Media related to Candlewood Suites at Wikimedia Commons