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Daily Lodging Report
Club Med released new data showing the company has reached a fresh milestone by achieving more than $2 billion in international business volume for the first time ever.
1 week ago
Fosun International was reported by Reuters to be exploring the sale of a minority stake in Club Med, targeting a valuation of US$800 million for the whole business. Reuters said Fosun has been in discussions informally with potential buyers and advisors about the sale but no firm bid has emerged.
2 months ago
Fosun Tourism expects a sustained boom in Chinese tourism in the second and third quarters. Fosun is planning expansions in resort projects in China’s tier I and tier II cities.
12 months ago
Online Travel
Today’s edition of Skift’s daily podcast looks at Google’s Instagram inspiration, Club Med’s upscaling, and Malaga’s sustainable tourism support.
Rashaad Jorden | 12 months ago
Hotels
It's reassuring to see numerous Club Med all-inclusive resorts rebounding post-pandemic and that the company has upgraded many to attract affluent millennial parents. But some experts question its new marketing campaign and strategy.
Sean O'Neill | 12 months ago
Club Med said it was beginning a new chapter. Taking inspiration from the original Club Med philosophy, creating simple moments of happiness, the lifestyle brand will be providing a more premium, family-friendly and eco-conscious experience.
Two global resort brands will soon open doors of properties on the southeast Asian island.
1 year ago
News Blog
Chinese conglomerate Fosun International is hoping its vacation business segment will pull it out of a slump. Fosun, which owns the Club Med chain of resorts and the Thomas Cook brand, issued a warning on Jan. 20, saying profit for the year ended Dec 31, 2022 is expected to decrease by 80 percent compared to…
Matthew Parsons | 1 year ago
Fosun International Ltd. is pondering whether to sell French luxury resort chain Club Med as it's looking to ways to reduce debts, according to a report in Bloomberg. The Shanghai-based company has been informally fielding inquiries from potential buyers, people knowledgeable about the matter said. Fosun, which owns Club Med through its leisure arm Fosun Tourism…
Rashaad Jorden | 1 year ago
Fosun Tourism Group said on Monday that a partial recovery in its Club Med vacation resorts during the first half of the year didn't compensate for continued steep losses across its travel businesses — partly because of pandemic-related travel restrictions in its home market of China. Hong Kong-listed Fosun Tourism generated revenue in the first…
Sean O'Neill | 2 years ago