Articles tagged “scandic hotels group”

Travel Technology

Oracle Hospitality to Offer ‘Unified’ Hotel Tech System

One of the largest players in hotel tech is selling what it says is a simplified system for hotel tech operations, days after a newer player said it's entering the sector with a similar plan.

Justin Dawes | 3 months ago

Oracle Hospitality to Offer ‘Unified’ Hotel Tech System

News Blog

Scandic Hotels ‘Stronger Than Ever’ With $50m Profit in Third Quarter

Scandic Hotels Group has posted its third-quarter results today, with a $49.9 million net profit (559 Swedish krona) and a level of indebtedness that continues to shrink. "We have delivered another record-breaking quarter and Scandic is standing stronger than ever. Scandic is continuing to make progress in increasing growth and has gradually become a more…

Josh Corder | 6 months ago

News Blog

Scandic Hotels Expects Strong Third Quarter With Steady Travel Demand

Scandic Hotels Group began the hotel earnings season with a financial update on Friday, voicing optimism about travel demand despite recent inflationary pressures. "We expect a strong third quarter with high demand and increasing prices," said president and CEO Jens Mathiesen on an investor call. Scandic runs 55,930 hotels in Scandinavia and other European countries…

Sean O'Neill | 10 months ago

Hotels

Hotel Group Faith in Asset Light Model Opens Gap for Upstarts

Most large lodging companies avoid owning real estate. This groupthink is dumb. One of the smartest strategic thinkers in hospitality, Inès Blal, is right to call for a more critical appraisal of the asset-light model.

Sean O'Neill | 2 years ago

Hotel Group Faith in Asset Light Model Opens Gap for Upstarts

Coronavirus

Sweden’s Scandic Hotels Sees Bookings Double

More positive signs of rebirth in Scandinavian travel.

Niklas Pollard, Reuters | 4 years ago

Sweden’s Scandic Hotels Sees Bookings Double

Hotels

Europe’s Scandic Hotels Targets Youthful Travelers With New Economy Brand

It's about time Scandic added another brand to its portfolio. The idea to widen the company's market in the economy segment is eminently sensible.

Patrick Whyte, Skift | 4 years ago

Europe’s Scandic Hotels Targets Youthful Travelers With New Economy Brand

Hotels

Scandic Hotels Looks to Cut Costs to Brace for Increased Competition

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.

Patrick Whyte, Skift | 6 years ago

Scandic Hotels Looks to Cut Costs to Brace for Increased Competition

Hotels

Scandic Hotels Delighted With Restel Integration as Profits Rise

It sounds like the Restel deal has gone relatively smoothly for Scandic. Might the company now set its sights on other targets? Or will it become a target itself?

Patrick Whyte, Skift | 6 years ago

Scandic Hotels Delighted With Restel Integration as Profits Rise