United Kingdom
United States
Asia Pacific
Club Med reveals business volume growth in 2022
All-inclusive operator Club Med revealed robust financial results and an annual profit for 2022.
It increased business volume by 100% (€1.7 billion) compared to 2021.
Operating profit was €98 million as the brand rebounded to pre-pandemic levels.
Adjusted earnings were €309 million, and net financial debt now stands at €308 million, down from €490 million.
It cites its strong performance to a mass return to global travel, with resort capacity increasing by 62% last year.
Guest numbers recovered to 88% of the 2019 level, or 1.3 million customers.
Club Med says 2023 has started well, with the business volume at recent year records.
Departures scheduled for the first half of 2023 are up by 36%.
For the second half of the year, bookings are up by 23%.
Henri Giscard d’Estaing, President of Club Med, said: “Our operating profit is above 2019, and we achieved a positive net result.”
Asia is still somewhat impacted by the Covid-19 pandemic.
However, business volume recovered in the second half to within 22% of 2019 levels.
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
BA pilot dies during layover
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls