Chinese cash revives Club Med

June 28, 2017 by  
Filed under EUROPE, News, North Asia

NICE, FRANCE, 28 June 2017: Club Med has embarked on global expansion with eight resorts having opened during the last two year and at least 20 more planned for China according to Club Med president Henri Giscard d’Estaing.

He made the comments on the sidelines of celebrations to mark the opening of Club Med’s Opio Resort in Nice, last week.

In the past 10 years, the Club Med president admitted the company had opened “very few resorts.” Read more

Chinese to take Club Med upmarket

January 7, 2015 by  
Filed under EUROPE, News

PARIS, 7 January 2015: French holiday resort group Club Med plans to pursue its strategy of attracting upmarket clients with its new investor Chinese conglomerate Fosun, turning further away from its working class roots.

Club Mediterranee has come a long way from its founding in 1950 by water polo champion Gerard Blitz when holidaymakers stayed in tents in its vacation villages.

Celebrating its 65th anniversary this year, offering holidays for the well-heeled around the globe is the “only way” to assure the future of Club Med, said Henri Giscard d’Estaing, the company’s chief executive since 2002.

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