Scandic’s Q3 2025 Profit Nearly Flat, But Room Demand Keeps Rising

Scandic Hotels Group, the largest hotel chain in Scandinavia, has reported moderate growth in its third-quarter 2025 results, reinforcing its strong position in the Nordic hospitality market.

Net sales (revenue after subtracting returns, discounts, and allowances) rose 3.1 percent year-over-year to SEK 6,372 million ($670 million), reflecting consistent demand and stable pricing despite economic headwinds.

Adjusted net profit stood at SEK 645 million ($67.9 million), only slightly below SEK 646 million ($68 million) from the same quarter last year. Operating profit increased to SEK 1,174 million ($123.6 million) from SEK 1,155 million ($121.6 million) in Q3 2024.

Adjusted earnings per share (EPS) improved to SEK 3.00 ($0.33) compared to SEK 2.98 ($0.31) a year earlier.

The average occupancy rate climbed to 74.2 percent, up from 71.4 percent, while revenue per available room (RevPAR) grew to SEK 966 ($101.7) from SEK 941 ($99) year over year.

The average room rate (ARR) reached SEK 1,302 ($137), down slightly by 1.1 percent from SEK 1,317 ($138) last year.

In September 2025, Scandic signed its first enterprise-level agreement with Amadeus to implement the Amadeus Agency360 Enterprise Solution, which provides insights into travel agency bookings with 12 months of predictive and 24 months of historical data.

For a broader look at Q3 hospitality performance, see the reports from other major groups like IHG, Choice Hotels, Marriott, Hilton, and Wyndham.

Photo by Philip Myrtorp on Unsplash