Brief: Scandic Hotels Group Occupancy Rate At About 58.5% In July And 53.5% In August

Scandic Hotels AB

15/09/2021 07:13

Sept 15 (Reuters) - Scandic Hotels Group AB  SHOTE.ST :
    * SCANDIC COMMENTS ON CURRENT MARKET SITUATION - POSITIVE
DEVELOPMENT DURING SUMMER & PROMISING START TO THE AUTUMN
    * EXPECTS OCCUPANCY TO REACH AT LEAST 50 PERCENT IN
SEPTEMBER
    * OCCUPANCY RATE WAS APPROXIMATELY 58.5 PERCENT IN JULY AND
53.5
PERCENT IN AUGUST
    * SINCE END OF Q2, DEMAND HAS GROWN IN ALL OF SCANDIC'S
MARKETS
    * GREATEST INCREASE HAS BEEN IN LARGER CITIES, EVEN IF
GENERAL
OCCUPANCY LEVELS AT SCANDIC'S BIG CITY HOTELS ARE STILL CLEARLY
LOWER THAN BEFORE START OF COVID-19 PANDEMIC
    * DURING FIRST WEEKS OF SEPTEMBER, SCANDIC'S OCCUPANCY HAS
REMAINED ABOVE 50 PERCENT

Source text for Eikon:  ID:nWkr9FdNsf 
Further company coverage:  SHOTE.ST 

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