Club Med owner reports 130% rise in half-year revenue and narrowed loss
08/22/2022|11:36:55 PM|ChinaTravelNews

Hong Kong-listed travel company Fosun Tourism Group announced that the company's revenue for the first half of 2022 was RMB nearly 6,417 million (USD 937 million), up by 130% from the same period in 2021.  

The company's business volume1 of resorts and destination operations and tourism and leisure services and solutions (collectively as “tourism operation”), nearly double year-on-year to RMB 7,081.5 million (USD 1,034 million) for the six months ended 30 June 2022. 

Loss attributable to equity holders was RMB 196.6 million for the six months ended 30 June 2022, compared with loss of RMB 2,004.8 million for the six months ended 30 June 2021. 

As of the end of June this year, Fosun Tourism's French resort brand Club Med had sales and marketing operations in more than 40 countries and regions across six continents, and operated 66 resorts, of which 34 resorts (including a cruise ship) were in the EMEA area, 13 resorts were in Americas and 19 resorts were in Asia Pacific (including ten resorts in China). 

In the first half of 2022, the business volume of Club Med amounted to RMB 5,743.1 million, representing an increase of 336.0% compared with the same period of 2021, and recovered to 90.2% of the same period of 2019. 

For the six months ended June 30 this year, the company posted a net loss of RMB 208 million, compared with a net loss of RMB 2,065 million for the first half of 2021.