Scandic comments on current market situation – positive development during summer & promising start to the autumn
Scandic’s occupancy rate was approximately 58.5 percent in July and 53.5 percent in August. Based on current booking trends, Scandic expects occupancy to reach at least 50 percent in September. Since the end of the second quarter, demand has grown in all of Scandic’s markets. As previously announced, Scandic’s occupancy was approximately 36 percent in June. Since then, occupancy has improved, amounting to approximately 58.5 percent in July and about 53.5 percent in August, mainly as a result of domestic leisure travel. Compared with the previous year, the greatest increase has been in