Pandox has two operating segments, Property management and Operator activities, which together comprise 145 hotels with a total of approximately 32,200 rooms in 15 countries.
Two business segments
Pandox’s business is organised and reported in two hotel ownership segments: Property management and Operator activities. Property management comprise owned hotel properties leased to exerntal operators, whereas Operator activities primarily include hotels operated by Pandox.
Each segment is further divided into the five geographic areas: Sweden, Norway, Finland, Denmark, and International. The latter comprises Pandox's business in Belgium, Germany, Switzerland, Austria, the Netherlands, Canada, Ireland and the UK.
In addition, Pandox manages hotel properites on behalf of external owners. Currently Pandox has asset management agreements for ten hotels, of which nine (in Oslo) are reported under Property management, and one asset management agreement (the Pelican Bay Resort in the Grand Bahama Island) is reported under Operator activities.