Travel & tourism is one of the world’s largest industries. According to industry organizations such as Visita, growth in the sector is expected to be higher than for the economy as a whole.
Intra-Nordic travel is expected to increase, and since the millennium, the number of foreign tourists has risen more in Northern Europe than in Europe as a whole.
Development in the industry is being driven by a number of factors, of which macro-economic factors such as growth in GDP is the most significant, driving demand through, for example, business travel, tourism, congresses and conferences. Other macro-economic factors that drive demand for hotels include population growth, employment trends and consumer buying behavior within the sector and in the market as a whole.
Growth in GDP in the Nordic countries is expected to remain stable and the region is benefiting from macro-economic drivers such as increased confidence among businesses and consumers.
Latest press releases
- March 23, 2020 07:30 CET Scandic adapting operations to a temporary period of significantly lower occupancy
- March 16, 2020 19:35 CET Scandic’s Board of Directors proposes to cancel dividend for 2019 in order to improve the financial position
- March 12, 2020 17:15 CET Business situation continues to worsen due to coronavirus – Scandic to give notice of termination
- March 11, 2020 11:30 CET Scandic’s Nomination Committee proposes Kristina Patek as new Board member