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Candlewood Suites

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Candlewood Suites is a hotel chain within the InterContinental Hotels Group (IHG). 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. 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.

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3.9

Overall Excellence Rating

Industry

Hotel Companies

Category

Hotels & Resorts

ESG/Ethical Impact

The hotel chain is dedicated to ensuring accessibility for all individuals, including those with disabilities, by providing accessible facilities and accommodations. Candlewood Suites celebrates and respects the cultural diversity of its guests and employees, fostering an inclusive environment that embraces people from all backgrounds. The hotel chain consistently enhances its safety protocols to ensure the well-being of guests and employees, integrating the latest technology and best practices. Candlewood Suites prioritizes responsible sourcing, collaborating with suppliers who share their commitment to ethical and sustainable practices. The hotel chain maintains strong financial stability, enabling it to invest in sustainability initiatives, create jobs, and contribute to the local economy through tourism revenue.

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Awards Received

2023

Revenues

$800,000,000.00

Website Traffic

Employee Rating

3.5

Customer Rating

3.8

Company Size

1000-5000

ESG Risk Rating

3

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