Club Med Owner Fosun Tourism Sees Sunnier Skies, But Investors Unimpressed

Company’s shares sag 5% after it reports business at its tropical Hainan island mega-resort soared 161% in first quarter of 2020 Key takeaways: The latest data from Club Med owner Fosun Tourism provides further evidence of a strong tourism rebound when the pandemic subsides. A selloff of the company’s shares after the announcement reflects investor caution following a recent run-up in the stock By Doug Young Investors are starting to tire of the nonstop stream of optimistic forecasts coming from a global tourism sector that has been one of the…

Read MORE »