Turnover: 1.9 billion EUR (2023)
Country: France
Club Med SAS, commonly known as Club Med and formerly Club Méditerranée SA, is a private company headquartered in France, specializing in upscale all-inclusive vacations.
The company is mainly owned by the Chinese Fosun Group and 100% owns or operates over seventy high-end all-inclusive resort villages in locations around the world.
In February 2015, Gaillon Invest II of Fosun International Ltd. and the Silverfern Group finalized the takeover of Club Méditerranée S.A for a final sale price of €939 million ($1.07 billion).
may 18, 2021 - Major changes expected in the tourism sector -(Le Figaro)
- Tourism: 10% of France's GDP and 12% of jobs
- Tourism accounts for half of France's GDP decline
- Pre-crisis target was 100 million tourists a year
- Americans not encouraged to return
- Chinese don't travel outside their country
june 17, 2020 - Club Med needs €240 million boost -(Tourmag)
- Loan agreement for 180 million euros, 90% guaranteed by the French government
- 80 million euro loan agreement with shareholder Fosun Tourism Group
- January and February 2020: Recurring EBITDA up 20% and current business volume up 8%
Sales collapse in 2020 and 2021 due to the pandemic, but return to 2019 levels in 2022
News
Despite historic results, Club Med destabilized by takeover by China's Fosun 10/09/2024
- Club Med 2023 sales: close to 2 billion euros. - Club Med net income 2023: *99 million euros. - Percentage of Club Med village capacity that is upscale or very upscale since last April: 100%. - Fosun seeks to sell 20-30% stake - Fosun Tourism Group shares generated by Club Med: three quarters.
A vacation village is a driving force for the local economy 18/06/2024
- - Club Med aux Arcs: investment of 94 million euros for construction, 75% of which will benefit regional companies (2018).
- - Club Med aux Arcs employs 250 full-time equivalents and generates as many spin-off jobs.
- - Club Med records an average of 120,000 overnight stays in winter and 50,000 in summer.
- - 5% to 7% increase in non-Club Med overnight stays since opening.
- - 6-point increase in the share of international clientele between 2018 and 2019.
Club Med expands in the Middle East 08/05/2024
- Club Med plans to open a 300-room club in the Musandam region of Oman.
- The cost of building the complex is being financed to the tune of 90 million euros by a consortium led by Omran Group.
- Construction is due to start in 2026, and the resort is scheduled to open in 2028.
Club Med completes 20-year journey upmarket 28/03/2024
- - Business volume: almost 2 billion euros
- - Increase in business volume: 17% compared to 2022 (1.7 billion euros)
- - Business volume increase in Asia: 96%, back to 2019 level
- - Number of customers welcomed during the year: 1.5 million
- - Increase in number of customers: 16% compared with 2022
- - Increase in resort capacity: 6%
- - Net income: 99 million euros, including 40 million euros in non-recurring items.
Club Med: China's Fosun wants to open up the capital 23/09/2023
- Fosun took control of Club Med eight years ago.
- The current plan is to sell 20-30% of the group's capital.
- The valuation of Club Med could reach around 2 billion euros, with Fosun remaining Club Med's majority shareholder.
- For the year 2022, business volume has reached 1.7 billion for an operating profit of 98 million.
- Club Med already has 66 resorts and plans to open a further 17 by 2025.
Club Med turns the corner 31/03/2023
- - Sales 2022: 1.7 billion euros - Operating income 2022: 98 million euros
- - Revenues in France 2022: 662 million euros, +6% vs. pre-Covid period
- - Revenues in Europe 2022: +4% vs. pre-Covid period
- - Price increases: +20
- - Recovery in the Americas: +33
- - Brazil 5th largest Club Med market:
- - Delay in Asia: -48% compared to 2019
- - Number of new resorts planned by 2025: 17
club Med focuses on the mountains 09/12/2022
- Club Med Val-d'Isère to open in December 2021
- 130 million invested in this complex at the foot of the slopes, with capacity for 800 guests
- 4,000 sensors installed to reduce energy consumption
Club Med reaps the rewards of its move upmarket 17/09/2022
- Sales for the first half of 2022 tripled compared with the same period in 2021
- Only 10% down on 2019
- Europe-Africa back to pre-pandemic levels
- The Americas are well ahead (+22%)
- Only Asia is down 95% of sites are now premium or luxury
Financial Data
DUNS: 572185684
Legal Name: CLUB MED
Address: 11 RUE DE CAMBRAI , 75019 PARIS 19
Number of employees: Entre 2 000 et 4 999 salariés (2021)
Capital: 149 704 804 EUR
Financial Data:
| Year | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Turnover | 1 123 000 000 | 546 000 000 | 454 000 000 | 1 043 000 000 | 1 226 000 000 |
| Gross margin (€) | 662 000 000 | 300 000 000 | 276 000 000 | 630 000 000 | 668 000 000 |
| EBITDA (€) | 107 000 000 | -109 000 000 | -121 000 000 | 96 000 000 | 64 000 000 |
| Operating profit (€) | 83 000 000 | -140 000 000 | -165 000 000 | 51 000 000 | 16 000 000 |
| Net profit (€) | 218 000 000 | -279 000 000 | -221 000 000 | 4 000 000 | -36 000 000 |
| Turnover growth rate (%) | 105,7 | 20,3 | -56,5 | -14,9 | - |
| Ebitda margin rate (%) | 9,5 | -20 | -26,7 | 9,2 | 5,2 |
| Operating margin rate (%) | 7,4 | -25,6 | -36,3 | 4,9 | 1,3 |
| Working Capital (turnover days) | 45,2 | 72,2 | 134,3 | 29,1 | 26,2 |
| Working Capital requirements (turnover days) | -67,9 | -141,7 | -142,3 | -45,8 | -33,3 |
| Net margin (%) | 19,4 | -51,1 | -48,7 | 0,4 | -2,9 |
| Added value / Turnover (%) | 26,8 | 0,7 | 4,2 | 29,7 | 25,2 |
| Wages and social charges (€) | 197 000 000 | 152 000 000 | 140 000 000 | 200 000 000 | 229 000 000 |
| Salaries / Turnover (%) | 17,5 | 27,8 | 30,8 | 19,2 | 18,7 |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président | Henri | Giscard D'estaing | 68 | |
| Directeur général | Michel | Wolfovski | 67 |
Studies mentioning this company
The vacation village market - France
Other companies mentioned:
- Pierre et Vacances
- Center Parcs (Pierre et Vacanses)
- ClubMed
- Belambra Clubs
- Azureva
- Villages clubs du soleil
- Ternelia
- Village Vacances France (VVF)
- Cap France
- UNAT
The corporate seminar market - France
Other companies mentioned:
- GL Events
- Pierre et Vacances
- ClubMed
- Séminaire.com
- BCD Travel France
- Séminaires Business Event
- Chateauform'
- Agence Lully
- Capdel (Hopscotch Groupe)
- American Express - business travel
- Egencia France
- Rêvez d'ailleurs
- Séminaire Collection
- Hephata
- Comet Meetings
- Collock
- Almedia
- Homanie
The holiday village market - Italy
Other companies mentioned:
- ClubMed
- Alpitour
- IGV Club
- Golfo del Sole
- Robinson Club Italia
- Villaggio turistico internazionale
- Medonoratico- Paraduresort
- Forte Village- Progetto Esemalda