Club Med Archives - AfricaBusiness.com

5Nov

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Africa Travel

Following record figures in H1 2023, Club Med has achieved another record-breaking semester

Following record figures in 2023, Club Med has achieved a new record performance for the first half of 2024. In an increasingly challenging French and global context, Club Med has again demonstrated the success and relevance of its strategy to move glocal and upmarket, and its profound business model transformation. Henri Giscard d’Estaing, President of Club Med, stated: "This semester marks a decisive turning point: Club Med's move upmarket is now achieved, with 100% of its Resorts now upscale or very upscale. I am very proud of the collective transformation accomplished by our teams over the past two decades. Being the employer of choice in the hospitality industry is one of our main priorities, which is contributing decisively to our success. During the first half of 2024, Club Med...

Club Med reaches nearly 2 billion Euros in business volume for the first time in its history

After returning to its pre-pandemic level as early as in 2022, Club Med, pioneers of global all-inclusive holidays, reached nearly 2 billion Euros in business volume for the first time in its history. The increase of 50% of its operating margin, close to 10%, and its record net profit, demonstrates the success of Club Med's new business model, whose transformation started in 2004. “2024 marks the successful finalisation of the move upmarket of our resort portfolio. In its 74-year history, Club Med has never had such a desirable portfolio of Resorts, either new, recent, or renovated. With a new strong increase in bookings for first half 2024, Club Med is well on track to become a French world champion and the most desirable lifestyle tourism brand, offering a life changing experience to i...

Strong recovery and acceleration for global hospitality brand, Club Med

While still affected by the Covid-19 crisis, trends in business volume for pioneers of all-inclusive holidays, Club Med, has evolved differently in various geographical areas. In the 1st half of 2022 (H1 22) Club Med saw its business volume increase by more than 300% compared to the 1st half of 2021 (H1 21) when ski resorts were closed in France, and international travel was largely restricted. In total, Club Med recorded a turnover of €811 million in H1 22, only 10% lower than in H1 19. In Europe and the Americas (North and South), the 5th wave of Covid-19 impacted activity until February. From March, Club Med experienced a very strong rebound taking advantage of the "Revenge Travel" phenomenon: Europe returned to the level of H1 19 (-1%), despite concerns stemming from the wa...