Club Med reno plan

THE parent group of French tourism operator Club Med has revealed plans to renovate 12 resorts internationally by mid2024, based on an “upscale” investment strategy.

During Fosun International’s latest financial reporting, the company said Club Med resorts had rebounded strongly in China over the first six months of 2021, however the wider property network had seen volumes decrease by 64.2% year-on-year.

As of Jul this year, 41 Club Med resorts had resumed operations, with overall capacity increasing by 104.3% when compared to Jul 2020, and recovering 73.2% of pre-pandemic levels.

Fosun also acquired Thomas Cook last year (TD 22 Sep 2020).