Pandox AB

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Looking ahead with optimism as results roll in

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Elaine Simon joins Alexi Khajavi this week to review the latest earnings results. The drive-to, non-urban, leisure hotels have proved to perform much stronger compared to other assets.  Wyndham have reported they are doubling their dividends, a clear sign of optimism. Elaine takes a deeper look at their net unit growth which only shows further signs of growth for the company. The diversity and strength of their brands will be very important as travellers return to brands they know and trust.  How are the OTAs going to compete if brands are the biggest deciding factor for travellers? Expedia reported that Vrbo was the only part of the business that demonstrated signs of growth for 2020 in what they described as an extremely difficult year.  Pandox, remain optimistic for 2021 despite a difficult fourth quarter. Three of its leading markets are Sweden, Germany and UK which have been hit badly by the pandemic but they have a strong strategy for the year ahead. Never miss a thing, sign up for our weekly newsletters 

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    Video - In Focus
    As Pandox released their reuslts last week, CEO Anders Nissen stated "we are preparing for a brighter future". After a difficult fourth quarter in 2020 they remain optimistic. In this interview with Alexi Khajavi, Anders discusses their strategy, future opportunities and shares his knowledge from both an owner and operator persepctive.  Anders discusses why they may be looking outside Scandinavia for their next investment and the benefits of hybrid lease structures right now.  Don't miss our roundup video, Diversity is key, with Hotel Management's Elaine Simon reviewing the latest results.  
  • Fronts Eyebrow Descriptor
    Video - In Focus
    As results roll in, Alexi Khajavi and Elaine Simon review those first to release their performance figures: Expedia, Pandox and Wyndham. Diversity appears to be key for Wyndham, the breadth of their iconic brands within their portfolio as well as locations. While over at Pandox, the diversity of their business model and operations is "playing to their strengths right now." Anders Nissen, CEO of Pandox, joined Alexi this week to discuss in detail their successes and challenges of 2020 while they "prepare for a brighter future." Alexi asks Elaine "what is it that makes them so optimistic?" 
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    Results
    Pandox adopted a determinedly optimistic tone as it published full year results on 11 February. “We are preparing for a brighter future,” said CEO Anders Nissen. The upbeat assessment came despite a sharp reversal in recovery trends in October, November and December 2020 and admission that current conditions were “bad.”
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    The pandemic will accelerate changes to the business models in the hotel sector, but they must be driven by owners, Pandox CEO Anders Nissen told attendees of the group’s Hotel Market Day 2020.
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    Insider
    The hotel sector loves a gossip. Oh how it loves to gossip and the horror of the current situation is that gossiping has been horribly restricted. The dark corners of the Marlene Bar are silent, with whispers unwhispered and speculation unfloated. For a market which runs on the buzz of a rumour spread over a gin, the brain feels as though its ears have been cut off.