UK Becomes a Mejor Contributor of Club Med in 2023 

With business volume growth of 30% last year to €93 million compared to pre-pandemic 2019 and up 17% over 2022, the UK has emerged as a major contributor to Club Med.

With one of the best performances in Europe, the UK emerged as the second-largest market in the Alps in terms of business volume, following France.

The all-inclusive operator is close to finishing a revolutionary shift in the market, reporting the record resort’s operating income of €174 million for 2023, up 64% year-on-year and over 70% against 2019.

With nearly €2 billion in sales, the company broke records this year and revealed plans for four new premium resorts, two in China and two in France. 

The company said: “Club Med continues to push a very strong growth strategy in the UK through increasing its snow leadership while expanding its sun market towards key destinations in southern Europe – Spain and Turkey – and worldwide – Indian Ocean, Caribbean sea, southeast Asia.”

Club Med's "Exclusive Collection" hotels had 139,000 guests, up by 17% from 2022; On the other hand, 355,000 guests stayed at mountain resorts, which is up by 26%.

The operator stated that the average daily fee in Europe was €239, up more than 8% from 2022 because of inflation and the expansion of premium and ski resort capacity.

Club Med said “After three years of massive impart by the pandemic, Asia saw its business volume almost double year-over-year, taking full advantage of revenge travel,” Club Med said.

“The trends for the first half of 2024, driven in particular by continued growth in demand for the mountain vacation in Club Med, and the ‘revenge travel’ phenomenon in Asia, reflect a new phase of growth, compared to the same period of 2023, which has already seen historical figures.”

Due to the slow but steady revival of China's tourism sector, overall bookings for the first half of the year are up 14% year over year in Europe, up by 7% in the Americas, and up by 51% in Asia. 

The group is planning to feature their premium and exclusive collection of resorts in its portfolio by April.

The company said, “Club Med’s record business performance in 2023 is the result of the transformation of its business model towards an upscale, glocal  – global approach with a local focus – and happy digital offering, initiated in 2004.”

Henri Giscard d’Estaing, President and chief executive of Club Med, said, “After returning to its pre-pandemic level as early as in 2022, Club Med reached nearly €2 billion in business volume for the first time in its history.

“The increase of 50% of its operating margin, close to 10%, and its record net profit demonstrates the success of Club Med’s new business model, whose transformation started in 2004.

“2024 will mark the successful finalisation of the move upmarket of our resort portfolio. In its 74-year history, Club Med has never had such a desirable portfolio of resorts, either new, recent, or renovated.”

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