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Club Med eyes China expansion

Club Med eyes China expansion

Fosun, China’s largest privately-owned conglomerate, has bought a 7 percent stake in Club Med for around €23m. The deal comes as part of the French all-inclusive specialist’s shift into new markets as it reduces its dependence on stagnating European source markets.

Club Med losses widen after restructure

11 June 2009 Press Release Hotel News

French holiday group Club Med has reported that its fiscal first-half losses have more than doubled to €22m from €9m, whilst summer bookings are 18 percent down on last year.The operator said its first half to April had been hit not only by the downturn but also non-recurring items relating to its restructuring programme and the temporary closure of a number of its villages for renovation.

Club Med opens new spa after £24m refurb

18 February 2009 Press Release Spa News

Club Med Punta Cana in the Dominican Republic has reopened as a four trident resort following a £24 million refurbishment, including a brand new spa and new facilities for families and couples.The resort now offers 427 Club rooms, 94 deluxe rooms and 32 luxury family suites - providing accommodation for a range of budgets.