Club Med Owner Fosun Tourism Says 1st-Half Loss Narrowed; Americas And France Recovered, China Slumped


Source: todayuknews.com todayuknews.com

Key Topics in this News Article:

News Snapshot:

A picture shows the logo of the French tour operator "Club Med." (Photo by Chesnot/Getty Images) Getty Images Fosun Tourism Group, the tourism arm of Shanghai billionaire Guo Guangchang’s investment firm Fosun International, said its loss narrowed in the first six months of 2022 to 197 million yuan, or $29 million, from 2 billion yuan a year earlier as travel picked up and the impact of Covid-19 waned in key global markets except China. Revenue at the company, whose global brand ownership or partnerships include Club Med, Atlantis and Thomas Cook, more than doubled to 6.4 billion yuan from 2.8...