Scandic Hotels Looks to Cut Costs to Brace for Increased Competition
Photo Credit: The interior of the Downtown Camper by Scandic hotel in Stockholm, Sweden. The company saw revenue rise in the third quarter. Scandic Hotels Group / Robin Hayes
Skift Take
With rivals making it a difficult end to the year, Scandic will have to keep an eye on costs if it wants to finish on a high.
Scandic Hotels Group expects a tough end to 2018 as increased competition from rivals eats into its sales.
The Scandinavian hotel operator said like-for-like sales would be slightly lower in the fourth quarter and as a consequence the company is looking to adjust costs.
CEO Even Frydenberg wasn't especially specific on what he had in mind but did stress to ana
