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Club Med reaps fruits of post-pandemic bounceback

Operators
Gary Noakes
4 April 2023

Club Med recovered to pre-pandemic levels last year, driven by demand from customers in Europe and the Americas.

Club Med's new Val D'Isere property

The all-inclusive specialist doubled turnover last year compared with 2021 to €1.7 billion and made a pre-tax profit of €309 million.

It said the result stemmed “from a mass return to global travel, with resort capacity increasing by 62% last year compared to 2021 - overall recovering to 92% of the 2019 level”.

Customer numbers, at 1.3 million, recovered to 88% of 2019, an increase of 64% compared to 2021. Debt reduced to €308 million compared to €490 million at the end of 2021.