Club Med’s operating profit is above that of 2019, with the company achieving a positive net result, and being able to reduce the level of the financial debt, benefiting from the profound transformation of the business model.
“The outlook for the first half of 2023 is very encouraging, and our strategy should allow Club Med to sustain future profitable growth,” says Mr Giscard d’Estaing.
Club Med’s business sustained and accelerated its recovery in Europe, and the Americas, following the strong rebound in the second half of 2021. Due to the remaining travel restrictions in Asia Pacific countries and Covid-19 resurgence in China, Club Med’s business in the Asia Pacific region was still heavily impacted in 2022.
The Global ADR (average daily rate: average price per day) amounted to €208, up 15 percent compared with 2021, and up 20 percent compared with 2019.
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