Club Med owner Fosun has been granted approval from the Hong Kong stock exchange to spin off its tourism and hotels unit.
Bloomberg reported the Chinese firm plans to expand its travel business globally.
Fosun did not give any timings and said the spin off was not assured.
IFR Asia has reported that Fosun is aiming for a listing valued at around $500 million and had appointed Citic CLSA Capital Markets, Citigroup and JPMorgan Chase & Co for the IPO.
The company, which has a joint venture with Thomas Cook Group, said in May it was looking to increase its foothold in North America through acquisitions and launching a new line of resorts in China.