Fosun Tourism-owned Club Med eyes expansion in Southeast Asia as it sees region leading travel rebound after pandemic
- Club Med expects Thailand, Vietnam and Indonesia to benefit from the rebound in tourism and is on the lookout for investors and partners in these markets to open new resorts
- Company continues to open new resorts despite the pandemic, with one opening in China next month and another in Canada in December
Resort chain operator Club Med is looking to expand in Southeast Asia, eyeing properties in Thailand, Vietnam and Indonesia as it anticipates an aggressive travel rebound in Asia-Pacific after the pandemic ebbs.
Despite the Covid-19 pandemic ravaging the global tourism industry, Club Med, owned by Hong Kong-listed Fosun Tourism, has continued to aggressively open new resorts.
The leisure business of the Chinese conglomerate controlled by billionaire Guo Guangchang opened Club Med La Rosiere in France in December and Club Med Seychelles in the Indian Ocean archipelago in March. The company will open Club Med Lijiang in China later this month, while Club Med Quebec Charlevoix in Canada is scheduled for December.
“We entered the pandemic with a strong economic position and are well-placed for a swift, decisive and impactful rebound,” said Jean-Charles Fortoul, chief executive for Asia-Pacific resorts at Club Med, pointing to the launch of new resorts.
“Following these successes we have also identified Thailand, Vietnam and Indonesia as markets that are well-positioned to leverage this rebound and we are on the lookout for investors and partners to tap into the potential of these destinations,” he added.