The first hotel in what was later to become the Scandic chain was the Esso Motor Hotel in Laxå in the province of Närke, central Sweden. Opened in 1963, it capitalized on the increase in car travel, both for business and pleasure – the motel was a novel concept for Europe at the time. The chain grew to 59 hotels Europewide by 1972, when Esso sold the non-Scandinavian hotels. The remaining 32 hotels, five of them in Norway and Denmark, formed the largest hotel chain in its native Sweden in 1973. In 1983, the company was sold to a Swedish consortium headed by Ratos and the following year, it was named Scandic Hotels. Ratos became sole owner in 1985, and a year later, the first hotel outside Scandinavia opened in Koblenz, Germany. The business was negatively impacted by the 1990/91 Gulf Crisis, and company management was replaced in 1992. In 1996, the group acquired Reso Hotels and became a publicly traded company on the Stockholm Stock Exchange. Two years later, the Arctia Hotels group in Finland followed, giving Scandic a presence in all the Nordic countries, and in 1999, the group expanded into Estonia. In 2001, Scandic was acquired by the London-based Hilton Group. The hotel chain changed ownership again in 2007, this time bought by Swedish private equity firmEQT for EUR 833 million. In July 2013, Scandic Hotels partnered with Swiss Hospitality to gear up its digital infrastructure. In 2014, Scandic acquired the Rica Hotels chain, which added 72 properties in Norway and Sweden to its portfolio. In December 2015, Scandic once again was listed on the StockholmStock Exchange. In June 2016, Scandic Hotels dropped its HTL hotel brand launched in 2014. The brand was applied to four hotels of the group in Stockholm and Oslo, which were turned back into Scandic Hotels after the HTL brand was abandoned. In 2017, Scandic announced its buy-out of all 43 Restel hotels in Finland for 114.5 million euros, including those under the Cumulus and Holiday Inn brands.
Description
As of 31 December 2018, the company employs 11,560 people and operates 283 hotels with 51,693 guest rooms. Operating result for 2018 amounted to SEK 1,957 million.
Sustainability
Since 1994, Scandic profiles itself heavily as an ecologically sustainable business. Employees receive sustainability education and the company offers rooms built in an environmentally friendly way. In 2001, the breakfasts at all Swedish Scandics received the KRAV ecological product certificate, and by 2004, all Swedish hotels had earned the "Swan" ecolabel. Scandic has received national and international awards for its environmental efforts:
