Scandic Hotels

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Scandic Hotels AB
Type 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
Parent EQT Partners (current)
Hilton Worldwide (formerly)
Website http://www.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[edit]

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[edit]

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[edit]

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[edit]

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]


S:t Julian Disability Award, S:t Julian – City of Stockholm, February 2006
Glassbjörnen Environmental Award – GRIP Forum, Norway, May 2006
Oslo’s Urban Environmental Prize – City of Oslo, Norway, June 2006
Best Environmental Work – Grand Travel Awards, Sweden, March 2007
Scandic Elmia & Scandic Portalen – Jönköping Municipality Environmental Award, June 2007
Stilpriset Hjärter Ess för tillgänglighet – Stil, Sweden, September 2007
Swedish Recycling Award, October 2007
The Sustainability Award – European Hotel Design Awards, London, October 2007
Best CSR Programme – Hospitality Awards, Paris, November 2007

New developments[edit]

Scandic currently has new hotels under development in Norway.

List of Scandic Hotels[edit]

External links[edit]

References[edit]

  1. ^ [1]
  2. ^ [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.