|No. of hotels||20||28||31||46||46||44||45||44||36||39||44||45||46||120||118||120||120||114||131||130||143|
|Cash earnings, MSEK||53||97||119||228||266||267||272||299||301||318||389||445||446||831||879||848||815||888||1,165||1,361||1,660|
We don't lean back. We're ready for the next step. Come along for the ride!
- Anders Nissen, CEO
Pandox's core business is to own and lease hotel properties to well-known hotel operators under long revenue-based leases with shared investments. If the conditions are not in place for a profitable lease, Pandox can choose to operate the hotel itself. The combination of long leases and own operation lays the foundation for profitable growth with less risk.
Pandox is active within Hotel and Tourism, which is the world's largest service sector and one of the fastest growing industries globally. Hotel and Tourism has shown positive growth for the last six decades.
Hotel and Tourism is a major engine
”10 percent of global GDP (2017)”
Stable growth in international travel
"International Tourist Arrivals"
1 congress center
Based on stakeholder dialogue and the materiality analysis, five focus areas have been identified for Pandox's sutainability work.
Employer of choice
Quality of value chain
Hotel properties in the upper full-service segment in 84 cities in 15 countries.
Hotel rooms, with an average of 221 rooms per hotel spread across 20 brands.
High quality hotel portfolio with a good balance of different countries, cities, types of demand and brands.
Growth in total cash earnings
Growth in net asset value
Percentage breakdown of rental income by country in 2017 for Property Management.
Pandox AB (publ), company reg. no. 556030-7885, (“Pandox”) and other companies within the Pandox Group respect and protect the privacy rights of individuals. We are transparent in how we process personal data and it is important for us that all processing is carried out in accordance with the General Data Protection Regulation and other applicable legislation.
Pandox’s internal personal data policy, based on the General Data Protection Regulation, is applied by the companies and employees of the Pandox Group.
Pandox collects and processes personal data only where permitted under the General Data Protection Regulation or other applicable legislation, and processes only personal data according to the purposes for which the data was collected.
Pandox processes personal data which is obtained directly from you when an agreement is entered into or in other contacts with Pandox. We also process your personal data, which we have obtained indirectly via your employer, in order to administer the business relationship your employer has with Pandox. Pandox also regularly collects personal data from publicly available sources such as private services and public filing systems for information regarding potential tenants, cooperating partners, competitors and other stakeholders.
The personal data which is processed is normally the name, contact information, personal ID number (where required by law or in order to manage a contractual relationship) and the account information for private tenants.
The personal data is processed in order to fulfil obligations and exercise rights according to contracts and to fulfil requirements imposed on Pandox by law or decisions by public authorities. The purpose of the processing of the personal data is normally to fulfil administrative, financial and property management purposes, but may also involve marketing and other questions which are related to potential and ongoing contractual relationships.
The legal basis for Pandox’s processing as set forth above is normally:
In the cases where the legal basis for the processing is consent, separate information is provided at the time consent is given.
Pandox does not collect more data than is necessary to fulfil the purpose for which the personal data is collected. This means that Pandox will only request personal data which is necessary for the Group’s business operations.
Pandox does not store information longer than is necessary to fulfil the purpose for which the personal data was collected.
Pandox attaches great importance to the security of personal data and has established both technical and organizational routines in order to ensure that personal data is not lost, manipulated or become accessible to unauthorized persons. All companies within the Pandox Group work according to established security standards for handling information and only retain the services of suppliers who have provided sufficient guarantees for the protection of personal data and other information. Pandox regularly updates its routines and systems in order to guarantee the security of the personal data.
Pandox only stores personal data within the EU/EEA. Where a transfer to a third country takes place in exceptional cases, Pandox will ensure that there is a legal basis for such a transfer and will provide the relevant data subject with required information.
Pandox guarantees that all transfers to third parties and third countries take place in accordance with the applicable data protection legislation.
Pandox wants to be accommodating to individuals in their exercise of their rights. Pandox therefore maintains clear guidelines and routines for how an inquiry from a data subject is to be handled.
As a data subject, you are entitled to request information free of charge from Pandox regarding the processing of your personal data. Upon your request, or on our own initiative, we will correct or erase any incorrect personal data and/or restrict the processing of such data. In addition, you are entitled to request that your personal data not be processed for direct marketing purposes. You also have the right to object to any processing Pandox carries out based upon a weighing of interests as the legal basis. Where Pandox is of the opinion that processing nonetheless needs to be carried out, it is Pandox’s obligation to prove that there are interests which override the interests of the data subject. If you would like to contact us regarding the exercise of your rights, please contact us according to the contact information stated in the section “Contact information” below.
If you are dissatisfied with how we process your personal data, you can contact us or submit a complaint to the supervisory authority (Datainspektionen, the name of which is currently being changed to Integritetsmyndigheten, www.datainspektionen.se).
To exercise your rights under the General Data Protection Regulation, or if you have any questions regarding our processing of your personal data, please send your inquiry to: