Articles tagged “scandic hotels group”

In the Nordics, the hotel sector's future is brighter thanks to a growing market for office conversions.

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.

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.

Scandic Hotels Group began the hotel earnings season with a financial update on Friday, voicing optimism about travel demand despite recent inflationary pressures.

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.

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.

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.

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?