Club Med mulls expansion into Cambodia and Vietnam
Sunday 26 June 2011
Upmarket holiday resort company Club Med is looking at expanding into Cambodia and Vietnam, after its success in China.
Henri Giscard d'Estaing, its chairman and chief executive, said: "The very sharp improvement in first-half results and the increase in the number of our customers ... have demonstrated the effectiveness of our strategy." Club Med has been moving upmarket and is now in 34 countries, from Brazil to Oman. It has one resort in China and has three other projects, at beach and cultural sites in the country, in the pipeline. It is targeting 5 to 10 per cent of the higher-end resort market by 2015 in China. In the UK, the number of customers rose from 27,000 in 2006 to more than 40,000 this year. Interim revenue was up 11 per cent to €754m (£669m) and net income before tax doubled from the previous year to €28m.
- 1 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 2 Oil tanker with $100 million cargo goes missing off Texas coast
- 3 George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
- 4 Lady al-Qa’ida: On the trail of Dr Aafia Siddiqui, the world’s most wanted prisoner
- 5 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
Oil tanker with $100 million cargo goes missing off Texas coast
George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
- < Previous
- Next >
iJobs Money & Business
Highly Attractive Salary: Austen Lloyd: BRISTOL - This is a very unusual law c...
£35000 per annum: Harrington Starr: Network Engineer (CCNP, CCNA, Linux, OSPF,...
£50000 per annum: Harrington Starr: DevOps Engineer (Systems Administration, L...
£60000 - £70000 per annum: Harrington Starr: A prestigious leading professiona...