Staring with Xcode 9, the beta Xcode is labeled 'Xcode-beta.app' and is designed to live side by side with the production version. Info can be found in the Xcode release notes here. (Not using direct link because it breaks often).
From Apple:
Xcode 9 beta 4 can coexist with previous versions of Xcode. Prerelease versions of Xcode are made available from developer.apple.com, packaged in a compressed XIP file. To install Xcode during the beta period, download the XIP file, double-click the file to expand it in place, then drag Xcode-beta.app to the Applications folder