Record revenues, boosted by strong demand and rising prices.
Club Med is having a historic year in 2023, taking full advantage of a move upmarket that began twenty years ago.
Its turnover jumped 17% last year, approaching 2 billion euros.
As for the net profit, it reached 99 million, the operating profit of the 68 villages peaking at a historic level of 174 million.
“One of the most profitable businesses in tourism”
“
Our three geographic zones, Europe, America and Asia-Pacific, are recording profitable growth,”
says Henri Giscard d’Estaing, its president.
Asia, which only returned last year due to longer health restrictions, benefited in particular from strong demand for domestic travel in China, where we have eleven villages.
Japan has experienced extremely strong growth in the mountains.
»
At the helm of the Club since 2002, Henri Giscard d'Estaing has never been so confident about the future.
“
At almost 10
% operating margin, compared to 2.5
% 8 years ago
, we…
This article is reserved for subscribers.
You have 82% left to discover.
Flash sale
€4.49/month for 12 months
I ENJOY IT
Already subscribed?
Log in