Club Med eyes Hong Kong listing to fuel global expansion

Fosun, the Chinese owner of Club Med, has filed for an initial public offering in Hong Kong, marking a significant step in the travel operator's global expansion. The proposed listing will generate proceeds primarily for expanding the resort network, enhancing vacation offerings, and bolstering digital and AI capabilities, according to a company statement. Fosun previously withdrew Club Med from the Paris stock exchange when it acquired the brand in 2015.

With the new entity, named primarily after Club Med, the company aims to operate around 85 resorts by 2030 in a rapidly expanding market. Currently, Club Med boasts 69 resorts globally, with plans to reach 100 by 2035. Stephane Maquaire, Club Med's chief executive, emphasized that the listing represents an important milestone in the evolution of the group's shareholding structure. He stated that the new momentum will enable Club Med to accelerate its international development.

However, Fosun initially expressed reluctance to return Club Med to the stock market, seeing it as a point of contention with Henri Giscard d’Estaing, the former chairman of Club Med. He had previously expressed a desire to return to the Paris stock exchange as early as the first half of 2026.