Risk and risk management
All business activities are associated with risks. Risks that are managed well can lead to opportunities and create value, while risks that are not managed properly can lead to damage and losses.
The ability to identify, assess, manage and monitor risks is an important part of the management and control of Scandic’s business operations. The aim is that the Group’s objectives will be achieved through well-considered risk-taking within established limits.
The risk management process includes strategic, operational and financial risks.
Scandic has good underlying risk diversification in the form of a geographically diverse and balanced customer base. The Group operates primarily in the Nordic market through about 280 hotels that serve its main target groups: business and leisure travelers. Of the Group’s revenues, corporate travel accounts for approximately 70 percent and leisure travel for about 30 percent. Scandic is not dependent on a specific industry or a few customers.
Latest press releases
- July 16, 2021 07:30 CEST Scandic’s interim report Q2 2021 – Recovery gaining momentum
- July 7, 2021 10:09 CEST Invitation to presentation of Scandic’s interim report for the second quarter 2021
- June 30, 2021 09:00 CEST Scandic rewards conscientious travelers - launches program to engage guests together with the Keep Sweden Tidy Foundation
- June 16, 2021 08:00 CEST Scandic takes Gothenburg to new heights – Scandic Göteborg Central set to open next year