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
- September 9, 2020 08:00 CEST Scandic expects occupancy of 30-35 percent for September
- September 8, 2020 08:30 CEST Scandic Hotels launches the largest network of coworking spaces in the Nordic countries
- August 21, 2020 14:30 CEST Svein Arild Steen-Mevold to leave Scandic
- July 31, 2020 17:30 CEST Change in the number of shares and votes in Scandic