Scandic Hotels : Encouraging Q3 figures …pending the next phase
>Encouraging Q3 figures - Scandic on Friday reported its preliminary Q3 figures, pending the definitive numbers due on 28 October. The figures announced by management are relatively encouraging, with group revenues at SEK 3.734bn, which is more than twice those for Q2; they show a decline of only 28% on Q3 2019, vs a drop of 65% in Q2 2021 (vs Q2 2019). This marked improvement stems mainly from strong growth in local leisure demand during the summer months (up to mid-...Scandic Hotels Group AB is a Sweden-based company engaged, along with its subsidiaries, in the operation of hotels. The Company's main market in which the Group operates in: Sweden, which includes Swedish hotels that are operated under the Scandic brand; Norway, which includes Norwegian hotels that are operated under the Scandic brand, and Other Nordic countries & segments include hotel operation in Belgium, Denmark, Finland, the Netherlands, Poland and Germany, as well as the hotel concept HTL, which is operated by the sub-group HTL Hotels. The Company operates a network of approximately 224 hotels and almost 42,000 hotel rooms in seven countries. Scandic Hotels Group AB is a wholly owned subsidiary of Sunstorm Holding AB.
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