Scandic Results
Scandic's Occupancy Rate Was Approximately 58.5 Percent in July and 53.5 Percent in August
Based on current booking trends, Scandic expects occupancy to reach at least 50 percent in September.
Based on current booking trends, Scandic expects occupancy to reach at least 50 percent in September.
Net sales rose by 147 percent to 1 640 MSEK (665). Average occupancy increased to 27.1 percent compared with 17.5 percent during the previous quarter. The rate of increase accelerated at the end of the quarter, with occupancy reaching 35.9 percent in June.
Net sales decreased by 72 percent to 930 MSEK (3,343). Average occupancy dropped to 17.5 percent during the quarter. Levels of activity were particularly low in the larger cities.
Net sales fell by 71 percent to 1,377 MSEK (4,831) - Occupancy dropped to 23 percent during the quarter due to the increased spread of the coronavirus and stricter restrictions from authorities in all markets.
Net sales decreased 86% to 665 MSEK (4,853) as a result of extremely low levels of demand caused by the spread of the coronavirus.
Net sales dropped 17.8% to 3,343 MSEK (4,066)
Net sales rose by 6.6% to 5,195 MSEK (4,874), chiefly due to good demand and more rooms in operation.
Net sales rose by 2.2% to 4,853 MSEK (4,748), while organic growth was 0.8%. For comparable units, net sales fell by 1.6% due to negative calendar effects, as the Easter holiday fell in April this year. The underlying growth was positive excluding the calendar effects.
Net sales rose by 7.3% to 4,066 MSEK (3,791). Organic growth was 4.7% while sales for comparable units grew by 2.5%. More rooms in operation contributed with 2.2% to sales growth.
Net sales rose by 23.5% to 18,007 MSEK (14,582). Excluding the acquisition of Restel and currency effects, net sales increased by 6.0%. For comparable units, net sales went up 1.2%.