Yariv Abehsera: The Compagnie des Alpes is above all and historically a developer of ski areas, with 10 ski areas in the French Alps, but also another part less known to the general public which are the amusement parks, with a total of 12 including the Futuroscope, Parc Astérix, Walibi or the Musée Grévin in Paris.

Grégory Lanter: We have been working for 20 years now on the transformation of Club Med in order to move it upmarket, make it greener and more international, and ultimately make it more desirable and above all profitable. By 2025, Club Med will have 80 resorts worldwide in some thirty countries. Over the last three years, despite the crisis, we have invested 1.2 billion euros in assets alongside our partners. This represents around ten openings and just as many renovations. Over the last 36 months, we have opened the Seychelles, Quebec, the Dominican Republic and we will soon be opening Tignes, Val d'Isère and Japan, and we will continue to do so in the coming years.

Another essential element of the Club Med organisation is the presence of sales offices in 40 countries. And our sales teams carry out 70% of sales directly because the Club made a decisive choice 20 years ago not to work with tour operators. As a result, we control our distribution and by 2023 we should have a turnover of 2 billion euros.

Last year, there was a lot of talk about the rebound in the leisure segment and we experienced it in different phases. The first half of this year is one in which Club Med has returned to 90% of its pre-crisis figures, but a series of very different situations. During the first half of the year, despite Omicron, we managed to make +20% with...