Fosun International: ClubMed Lifestyle Group Proposes Hong Kong Listing, Targeting 85 Resorts Globally by 2030

Rhea-AI Summary

Fosun International (OTC:FOSUF) announced that its subsidiary ClubMed Lifestyle Group has submitted a listing application to the Hong Kong Stock Exchange for a proposed separate listing on the Main Board. ClubMed Lifestyle Group operates premium all-inclusive resorts under the Club Med brand and related vacation concepts using an asset-light model.

Club Med currently runs 69 resorts worldwide and, by business volume in 2025, was the world's largest all-inclusive resort brand. Revenue grew from EUR 1.86 billion in 2023 to EUR 1.95 billion in 2025, while gross profit increased from EUR 540 million to EUR 590 million. Adjusted EBITDA reached EUR 390 million in 2025, with a margin of 20.2%. ClubMed Lifestyle Group expects to operate about 85 resorts by 2030. Proceeds from the proposed listing are planned mainly for global resort expansion, product upgrades, and digital and AI capabilities, with the remainder for capital structure optimisation and daily operations.

Positive

• Revenue grew from EUR 1.86 billion (2023) to EUR 1.95 billion (2025)
• Gross profit increased from EUR 540 million to EUR 590 million between 2023 and 2025
• Adjusted EBITDA reached EUR 390 million in 2025 with a 20.2% margin
• Club Med operated 69 premium resorts worldwide and was the largest all-inclusive resort brand by 2025 business volume
• Target to expand resort network to approximately 85 resorts by 2030
• Proposed Hong Kong Main Board listing to fund global expansion and digital and AI upgrades

Negative

• No public offering of the securities will be made in the United States, limiting direct access for U.S. investors

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HONG KONG, Aug. 28, 2026 /PRNewswire/ -- According to an announcement published by Fosun International Limited, ClubMed Lifestyle Group, its subsidiary, has submitted a listing application to the Hong Kong Stock Exchange for its proposed separate listing on the Main Board.

According to the listing application materials, ClubMed Lifestyle Group operates premium all‑inclusive resorts with Club Med as its core brand. It also expands its vacation offerings including Integrated Vacation Destinations and Cultural‑Tourism Complexes through an asset‑light model, as it continues to build diversified vacation lifestyles. Club Med, its core brand, currently operates 69 premium resorts worldwide. By business volume in 2025, Club Med was the world's largest all‑inclusive resort brand.

According to the listing application materials, ClubMed Lifestyle Group's revenue increased from EUR1.86 billion in 2023 to EUR1.95 billion in 2025, while gross profit rose from EUR 540 million to EUR 590 million. Adjusted EBITDA reached EUR 390 million in 2025, with the adjusted EBITDA margin rising to 20.2%.

The listing application materials also state that ClubMed Lifestyle Group expects to operate approximately 85 resorts worldwide by 2030. Proceeds from the proposed listing will be used primarily to expand its global resort network, upgrade its vacation offerings, and strengthen its digital and AI capabilities. The remaining proceeds are expected to be used to optimise its capital structure and support its day‑to‑day business operations.

Disclaimer

This announcement is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration under the U.S. Securities Act or an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. No public offering of securities will be made in the United States.

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SOURCE Fosun

FAQ

What did Fosun International (FOSUF) announce about ClubMed Lifestyle Group's Hong Kong listing on August 28, 2026?

Fosun International announced that ClubMed Lifestyle Group has submitted a listing application for a proposed separate listing on the Hong Kong Stock Exchange Main Board. According to Fosun International, the proceeds are intended to support global resort expansion, product upgrades, digital and AI capabilities, and general corporate purposes.

How many resorts does Club Med operate now, and what is the 2030 target for ClubMed Lifestyle Group?

Club Med currently operates 69 premium resorts worldwide, and ClubMed Lifestyle Group expects to run about 85 resorts by 2030. According to ClubMed Lifestyle Group, expansion of its global resort network is a primary use of the proposed Hong Kong listing proceeds.

What were ClubMed Lifestyle Group's revenue and profit metrics from 2023 to 2025?

ClubMed Lifestyle Group's revenue rose from EUR 1.86 billion in 2023 to EUR 1.95 billion in 2025, while gross profit increased from EUR 540 million to EUR 590 million. According to ClubMed Lifestyle Group, adjusted EBITDA reached EUR 390 million in 2025, with a 20.2% margin.

How will ClubMed Lifestyle Group use proceeds from the proposed Hong Kong listing linked to Fosun International (FOSUF)?

Proceeds are planned mainly to expand ClubMed Lifestyle Group's global resort network, upgrade vacation offerings, and enhance digital and AI capabilities. According to ClubMed Lifestyle Group, remaining funds are expected to optimise its capital structure and support day-to-day business operations.

Is the proposed ClubMed Lifestyle Group Hong Kong listing available to U.S. investors?

The announcement states no public offering will be made in the United States, and the securities will not be registered under the U.S. Securities Act. According to Fosun International, any U.S. sale would require registration or a valid exemption from U.S. registration requirements.

What type of business does ClubMed Lifestyle Group operate under Fosun International (FOSUF)?

ClubMed Lifestyle Group operates premium all-inclusive resorts, with Club Med as its core brand, and offers integrated vacation destinations and cultural-tourism complexes through an asset-light model. According to ClubMed Lifestyle Group, it focuses on diversified vacation lifestyles and global resort expansion.