|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.
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