Brief: Scandic Hotels Group AB - Comments On Current Market Situation And Booking Trends

Scandic Hotels AB

15/06/2021 06:34

June 15 (Reuters) - Scandic Hotels Group AB  SHOTE.ST :
    * COMMENTS ON CURRENT MARKET SITUATION AND BOOKING TRENDS
    * DEMAND IS STRONGEST IN NORWEGIAN MARKET, WITH OCCUPANCY RATES OF AROUND 40 PERCENT
    * OPERATIONS IN GERMANY, HOWEVER, CONTINUE TO BE IMPACTED BY LOW DEMAND.
    * OCCUPANCY RATE IS EXPECTED TO AMOUNT TO AT LEAST 35% IN JUNE AND BUSINESS ON BOOKS FOR
JULY IS
CLEARLY HIGHER THAN YEAR AGO
    * OCCUPANCY AT BIG CITY HOTELS CONTINUES TO BE GENERALLY LOWER THAN AT OTHER LOCATIONS IN
RESPECTIVE MARKETS.
    * EXPECTS OCCUPANCY IN JULY 2021 TO BE HIGHER THAN IN JULY 2020, WHEN IT AMOUNTED TO 42%
    * DURING Q2, SCANDIC EXPECTS TO RECEIVE DIRECT STATE AID OF AT LEAST 200 MSEK.

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