Fosun Tourism at crossroads as parent shops its two major assets
Fosun International is reportedly looking to sell some or all of its tourism unit’s Atlantis Sanya mega-resort, as well as a stake in the unit’s Club Med resort chain Key…
Fosun Tourism embarks on new journey with departure of big-name director
Henri Giscard d’Estaing has left the board of Fosun Tourism, which is refocusing on China and Southeast Asia, to ‘devote additional time and attention’ to his role leading Club Med…
CHINA BULLETIN: Next Stop, Deflation
In this week’s issue China slips into deflation, Chinese tour groups return to U.S. and a major property developer defaults. On a scale of 1 to 100, we give the…
Fosun Tourism rides Club Med rebound into bumper profits
The global resort operator’s business volume rose 24% in the first half of the year, while its profit more than doubled Key Takeaways: Fosun Tourism’s business volume rose 24% in…
Trip.com sees clearer skies ahead – but investors already knew that
China’s largest online travel agent’s revenue rose 7% in the fourth quarter on rebounding Asian demand, as analysts forecast growth accelerating ot 50% this year Key Takeways: Trip.com’s revenue rose…
FAST NEWS: Business Surges at Fosun Tourism’s Core Mega-Resort
The latest: Resort operator Fosun Tourism Group (1992.HK) announced Wednesday that its core mega-resort, Atlantis Sanya, posted 159 million yuan ($23.4 million) in business volume during the 16-day period around…
Fosun Seeks Club Med Investors to Plug Its Own Financial Holes
The debt-plagued financial conglomerate is reportedly looking for a third party to buy some or all of its majority stake in Fosun Tourism, owner of the French resort chainKey Takeaways:Debt-strapped…