Scandic to launch new hotel in Stockholm (SE)

Scandic to launch new hotel in Stockholm (SE)

Scandic will open its first hotel under its new Scandic Go brand in the beginning of September in Stockholm. "The fast-growing economy segment is a fantastic and unique opportunity to further strengthen our portfolio to meet the rapidly evolving demands of a new generation of hotel guests. With Scandic Go, we will secure a leading role in developing the segment in the Nordic countries – and I also see great expansion opportunities outside our Nordic markets," said Jens Mathiesen, President & CEO of Scandic Hotels.


Scandic Go stands for smart accommodation solutions in attractive city locations at a good price. The hotels feature a fresh, welcoming design with a focus on sustainability and offer all the essentials for a smart stay. Instead of full-service restaurants, gyms and meeting facilities, guests will enjoy a more limited but carefully selected offering of meals and beverages, breakfast options and room experiences at a good price. 


"With its 270 hotels, Scandic already has a broad offering for the middle and upper-middle segments of the hospitality industry. This is why Scandic Go is the perfect complement to reach a new, more price-conscious target group. I’m convinced that this new brand and initiative will further strengthen our growth potential and I see excellent opportunities to open Scandic Go hotels in about 50 cities in our markets," added Jens. 


With the new Scandic Go configuration, Scandic will introduce more compact rooms and fewer shared spaces than the company’s full-service hotels. In addition to conversions, the plan is to primarily grow the brand through new builds and takeovers of existing hotels. Scandic Go is expected to contribute to Scandic’s growth by adding between 1,000 and 1,500 contracted rooms per year to the company’s portfolio. Scandic aims to lead the market in the economy segment in the Nordic countries and increase the pace of expansion outside of the region.


The Scandic Go brand was first presented in 2020, but rolling out the concept was paused due to the Covid-19 pandemic. Now, work is underway to prepare for the launch after the summer. The first hotel in downtown Stockholm will be in an existing Scandic hotel on Upplandsgatan that will be renovated before opening as the first Scandic Go hotel.

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