After a successful year in 2016, Club Med will accelerate its strategy of growth and international expansion. In 2016, Club Med generated revenue of €1,469 million and ended the year with a profit. Net income before tax and non-recurring items totaled €30 million, versus €6 million in 2015, and EBITDA rose a strong 15% year-on-year to €109 million.
The number of customers worldwide rose by 1.2% year-on-year to 1.26 million, or 4.8% excluding North Africa, Turkey and Egypt. 68% of customers are non-French, an increase of 10 points in 10 years. 79% of customers stay in 4 & 5 Trident resorts, which now account for 77% of the Club Med portfolio. This represents a 22-point increase from 2010.
New Resort Openings
In the next three years (2017-2019), Club Med will open 15 new resorts worldwide and upgrade 9 existing resorts. Mountain locations will play an active role, with the opening of one new Club Med in the Alps each year.
After opening Sanya and Beidahu in China and Lake Paradise and La Réserve (a 5-Trident space to Rio Das Pedras) in Brazil in 2016, Club Med will inaugurate 3 new resorts in 2017: Tomamu Hokkaido in Japan, Grand Massif/Samoëns-Morillon in the French Alps and the first Club Med Joyview in Anji, China.
The year will also be shaped by the re-opening of the renovated Opio en Provence resort, which will become Club Med's new flagship on the French Riviera, with a re-worked menu and the introduction of CREACTIVE by Cirque du Soleil, a feature unveiled at the Punta Cana resort in the Dominican Republic in the summer of 2015.
Winter 2017 Season
In the Winter 2017 season, which is currently under way, Club Med has seen its bookings rise in all key geographies – by 16 % in Asia, 8% in the Americas and 4% in Europe and Africa – from an already solid level in Winter 2016.
Bookings in France are also encouraging, showing an increase of 3.4% and a 22% gain in new customers. At this pace, Club Med will be able to achieve the objective set in its Destination 2021 plan of close to €1 billion in revenue in Europe's French-speaking markets by 2021.
