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Club Med hails UK business as first half results rise

Club Med in the UK saw business volume growth of four per cent year-on-year to €68 million in the first half of 2024.

The UK remains the second biggest market in Europe for the all-inclusive resort operator, behind France and followed by Belgium.

Club Med UK saw winter mountain business of €56 million.

Business volume for long-haul destinations, including Indian Ocean, Caribbean and southeast Asia, rose by 9% to €5 million over the first six months in 2023. 

Overall customer numbers handled by the Chinese Fosun Tourism Group-owned company  grew by 2% to more than 778,000.

Total profit [ebitda] was up to €244 million from €228 million based on business volume up by nine per cent to €1.15 billion.

Resorts operating income of €139 million was up 11% compared to the already record-breaking first half of 2023, according to the company.

Club Med aims to open nine new resorts by 2026, including Club Med Borneo, Malaysia next year and its first beach and safari resort  near Durban in South Africa in 2026.

More than 16 extensions or renovations of existing resorts are planned, while studying other opening opportunities, focusing on the Caribbean, Middle East, southeast Asia and mountain destinations in France and around the world.

Club Med prescient Henri Giscard d’Estaing said: “Following record figures in 2023, Club Med has achieved a new record performance for the first half of 2024. 

“In an increasingly challenging global context, Club Med has again demonstrated the success and relevance of its strategy to move g-local and upmarket, and its profound business model transformation.

“During the first half of 2024, Club Med also made significant progress in its ‘Happy Digital’ pillar and its AI strategy to improve the customer experience and our efficiency.

“Our ambition is to continue to elevate our existing portfolio which are nestled in the most beautiful places around the world, and open new resorts in 2024 and beyond, offering our global customers a premium all-inclusive holiday experience.

“As part of our strategic priorities, our commitment to sustainable tourism is being reinforced in our Happy to Care scale-up initiative, where Club Med will commit to achieve an even better level in giving back locally and achieving sustainable development.”

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