Articles tagged “fosun”

Daily Lodging Report

Fosun Explores Selling a Stake in Club Med

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

Tour Operators

Fosun in Talks to Sell Thomas Cook to Polish Online Travel Agency

Don't get too excited. Today's Thomas Cook, operated by Fosun, is a shell of its former self.

Reuters | 3 months ago

Fosun in Talks to Sell Thomas Cook to Polish Online Travel Agency

Daily Lodging Report

Fosun Expects Sustained Chinese Tourism Boom

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.

1 year ago

Hotels

Club Med Aims to Shift Upmarket With New Resorts and Ad Campaign

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 | 1 year ago

Club Med Aims to Shift Upmarket With New Resorts and Ad Campaign

Daily Lodging Report

Club Med to Shift Upmarket

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.

1 year ago

News Blog

China’s Fosun Looks to Club Med Resorts Recovery After Profit Warning

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

News Blog

Club Med Owners Consider Sale in Quest to Cut Debts

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

News Blog

Club Med Operator Fosun Tourism Seeks to Escape Sea of Red Ink Through Resort Openings

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

Business Travel

More Resort Operators Tee Up Digital Nomad Spaces in Low Season

Rich pickings from a growing pool of remote workers, but the marketing and storytelling will need to fit the product for it to really take off.

Matthew Parsons | 3 years ago

More Resort Operators Tee Up Digital Nomad Spaces in Low Season

Business Travel

A Superapp Betting on Corporate Travel During a Pandemic

Latin America's Rappi now offers business travel alongside things like takeaways, pet food and furniture. It doesn’t sound like a winning combination, but different parts of the world have different appetites for digitization.

Matthew Parsons, Skift | 3 years ago

A Superapp Betting on Corporate Travel During a Pandemic