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1 Market Overview

1.1 Definition and presentation

A tourist village is a tourist facility (also called a vacation village) that accommodates tourists for longer or shorter stays. Usually within these facilities families have the opportunity to purchase a package where several services are included (accommodation, catering or individual means of preparing meals, recreational activities).

In Italy, at the legal level, tourist villages are referred to as hotel villages. These facilities are usually placed in areas equipped for staying and conducting organized recreational activities.

On a global level, this type of market has certainly suffered greatly during the recent health crisis due to the widespread halt in tourism, lately, however, a recovery can be observed thanks to the recent reopening of borders and the tourism facilities put in place by various states.

The Italian tourism market and particularly the resort market has also been greatly affected by Covid-19, but the signs of recovery seen in recent months are glaring.

During the summer of 2021, Italy observed a positive trend of growth in vacation bookings, and above all, this positive trend also allowed for growth in the occupancy rate of hotels and resorts.

The most popular month for Italians to vacation in a resort was August, and the most visited places were those in the vicinity of home. This trend, too, is a result of the pandemic that generated fear in Italians and therefore they were led to choose destinations closer to their place of residence.

Another important trend to keep in mind is that of sustainable tourism referring specifically to tourist resorts. These types of facilities, in fact, can be very harmful to the environment as given the large number of guests a lot of waste is produced every day and a lot of resources such as water and energy are used. Italians are increasingly calling for more "green" and sustainable options such as, for example, abandoning single-use plastics and installing solar panels to save energy. Valtur villages have already developed a strategic plan that is in line with Esg criteria.

In addition, it is happening more and more often that resorts are transforming themselves and in addition to being vacation spots they are organizing activities to support local communities and the flora and fauna of the places where they are located.

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Latest 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

Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

ClubMed
Alpitour
IGV Club
Golfo del Sole
Robinson Club Italia
Villaggio turistico internazionale
Medonoratico- Paraduresort
Forte Village- Progetto Esemalda

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the holiday village market | Italy

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