Club Méditerranée has published its third quarter results ended 31st July 2012, showing higher bookings for the winter 2012/2013 and a 2.3% rise in upscale 4- and 5-Trident clientele, although the total number of customers fell by 2% over the period. The group points to sustained deterioration in the European tourist markets, slowing down growth.
Club Med third quarter 2012 results show consolidated revenue rose 2.7%.to €332 million versus €323 million in third-quarter 2011. Year-to-date bookings as of the 8th September were up 1.1% although total Club Med bookings over the past eight weeks are down by 3% due to the fall in bookings in Europe, Asia and Africa, outweighing the rise in bookings in the Americas.Club Med reported an additional 9,000 4 and 5-Trident customers, who accounted for 62.5% of the total over the period 1st May to 31st July 2012. However overall the total number of customers declined to 325,000 from 331,000; that is, a fall of 2%.Several assets including the Bora-Bora (owned village), Lindeman Island (owned village) and Djerba Méridiana (leased village) were disposed of in line with the group’s upmarket strategy, which has as its aim making 4- and 5-Trident villages account for two–thirds of capacity by 2012. Overall capacity was reduced by 2% over the quarter.
France
