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Holiday resort giant Club Med on growth trajectory

By Jing Shuiyu | China Daily Global | Updated: 2019-10-29 10:36
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A child and his family enjoy the trapeze at a Club Med resort in Mauritius on April 2, 2019. [Photo/VCG]

Club Med, the premium all-inclusive operator, expects to continue its growth in the foreseeable future, which will partly be buoyed by the promising China market, its global executive said.

Henri Giscard D'Estaing, president of Club Med, said the global mountain holiday leader "expects to continue to grow this year and next year. "The resort group's growth in the second half of its fiscal year will be in line with that of the first half, "which was already high," he told China Daily in an exclusive interview.

According to Fosun Tourism Group's interim report, the resort business, which is operated under the Club Med brand, delivered dynamic growth in the six months ended June 30. The business volume climbed 5 percent year-on-year to 6.929 billion yuan ($980.6 million) in the period, the report said.

The executive said as Beijing is preparing for the 2022 Winter Olympics, China is expected to see unprecedented opportunities for the development of ice and snow holidays.

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