Scandic Hotels

Scandic Hotels AB
Subsidiary
Industry Hospitality
Founded 1963 (as Esso Motor Hotel)[1]
Headquarters Stockholm, Sweden
Area served
 Nordics
Belgium
Netherlands
Germany
Poland
Key people
 Frank Fiskers, President and CEO[2]
Products Hotels
Revenue Increase SEK 10,826 million (2014)
Increase SEK 951 million (2014)
9,853 (2014)
Parent EQT Partners (current)
Hilton Worldwide (formerly)
Website scandichotels.com
Scandic Hotel in Tampere, Finland
Scandic Hotel in Lund, Sweden

Scandic Hotels is a hotel chain headquartered in Stockholm, Sweden with its main operations in the Nordic countries. Alongside hotels in Sweden, Norway, Finland and Denmark, the company also has a presence in Belgium and the Netherlands, Germany and Poland. It is owned by EQT Partners.

History

The first hotel in what was later to become the Scandic chain was the Esso Motor Hotel in Laxå in the province of Närke, central Sweden. Opened in 1963, it capitalized on the increase in car travel, both for business and pleasure – the motel was a novel concept for Europe at the time. The chain grew to 59 hotels Europewide by 1972, when Esso sold the non-Scandinavian hotels. The remaining 32 hotels, five of them in Norway and Denmark, formed the largest hotel chain in its native Sweden in 1973.

Ratos

In 1983, the company was sold to a Swedish consortium headed by Ratos and the following year, it was named Scandic Hotels. Ratos became sole owner in 1985, and a year later, the first hotel outside Scandinavia opened in Koblenz, Germany.

The business was negatively impacted by the 1990/91 Gulf Crisis, and company management was replaced in 1992. In 1996, the group acquired Reso Hotels and became a publicly traded company on the Stockholm Stock Exchange. Two years later, the Arctia Hotels group in Finland followed, giving Scandic a presence in all the Nordic countries, and in 1999, the group expanded into Estonia.

In 2001, Scandic was acquired by the London-based Hilton Group. The hotel chain changed ownership again in 2007, this time bought by Swedish private equity firm EQT for EUR 833 million.[3]

Facts and figures

As of June 6, 2013, the company employs 7,500 people and operates around 160 hotels with 30,000 guest rooms. Operating result (EBITDA) for 2012 amounted to EUR 923 million.[4]

Sustainability efforts

Since 1994, Scandic profiles itself heavily as an ecologically sustainable business. Employees receive sustainability education and the company offers rooms built in an environmentally friendly way. In 2001, the breakfasts at all Swedish Scandics received the KRAV ecological product certificate, and by 2004, all Swedish hotels had earned the "Swan" ecolabel. Scandic has received national and international awards for its environmental efforts:[5]

Growth

In 2014, Scandic acquired the Rica Hotels chain, which added 72 properties in Norway and Sweden to its portfolio.[6]

List of Scandic Hotels

References

  1. ↑
  2. ↑
  3. ↑ Scandic Hotels Corporate Information, http://www.scandichotels.com/settings/Side-foot/About-us-Container/Corporate-information/History/. Accessed 2012-12-06.
  4. ↑ Scandic Hotels Facts & Figures, http://www.scandichotels.com/settings/Side-foot/About-us-Container/Corporate-information/Facts--figures/. Accessed 2012-12-06.
  5. ↑ Bohdanowicz, Paulina et al.: "Environmental Training and Measures at Scandic Hotels, Sweden". Research paper presented at B.E.S.T. Sustainable Tourism Think Tank IV, "Sustainability and Mass Destinations: Challenges and Possibilities", 2004-07-01-2004-07-04, Esbjerg, Denmark. http://www.greenthehotels.com/eng/BohdanowiczSimanicMartinacTT4Abstract.pdf. Accessed 2010-03-14.
  6. ↑ "Scandic acquires Rica Hotels - Strengthens its portfolio with the addition of 72 new hotels in Norway and Sweden". Hospitality Net. 11 February 2014. Retrieved 19 November 2015.

External links

This article is issued from Wikipedia - version of the Saturday, December 12, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.