Strong Club Med Results Fail to Lift Fosun Tourism Back to Profits

One of the world’s top resort operators lost money in the first half of the year as lockdowns and travel restrictions continued to curb tourism in its home China market Key Takeaways •      Fosun Tourism expects to post a loss of between 150 million yuan and 250 million yuan for the first six months of this year •      A strong performance by the company’s Club Med business failed to fully offset losses at its Thomas Cook Travel unit and Atlantis Sanya resort on Hainan island By Andrew Curran A strong…

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