The closure of resorts in Tunisia and Egypt due to political unrest is estimated to have cost Club Mediterranee up to 8 million euros.
The figure emerged today as the French all inclusive company reported a 14.6% rise in revenue to 337 million euros in the period from November to January.
The group recorded a net gain of 21,000 customers in the quarter, a 9% increase year on year.
Half of the increase came from the European region though growth was strongest in the Americas and especially Asia, Club Med said.
But bookings over the last six weeks are down 13.6% due to events in Tunisia and Egypt.
The group was forced to temporarily close resorts in the two north African countries at an estimated cost of 5-8 million euros, but this will not prevent a significant rise in resort operating income over the winter, the company said.
Bookings for the 2011 summer season show double-digit growth compared with last summer, rising by approximately 25%.
Chairman and chief executive Henri Giscard d’Estaing said: “Our first-quarter fiscal 2011 performance reflects the return to growth that we have seen since summer 2010.”