ClubMed Lifestyle Group Aims for Hong Kong IPO, Eyes 85 Resorts by 2030
Event summary
- ClubMed Lifestyle Group, a Fosun subsidiary, has filed for a Hong Kong IPO.
- The company operates 69 premium all-inclusive resorts under the Club Med brand.
- Revenue grew from EUR 1.86B in 2023 to EUR 1.95B in 2025, with adjusted EBITDA margin reaching 20.2% in 2025.
- Proceeds will fund expansion to 85 resorts globally by 2030 and upgrade digital/AI capabilities.
The big picture
ClubMed's IPO filing reflects Fosun's strategy to unlock value in its hospitality assets amid a global push for premium all-inclusive resorts. The move comes as the leisure industry increasingly leverages digital innovation to drive customer engagement and operational efficiency. With Club Med already the largest all-inclusive resort brand by business volume, the expansion to 85 resorts by 2030 signals aggressive growth ambitions in a competitive market.
What we're watching
- Execution Risk
- Whether ClubMed can sustain its growth trajectory while expanding to 85 resorts by 2030.
- Market Dynamics
- How the Hong Kong IPO will position ClubMed against competitors in the all-inclusive resort space.
- Digital Transformation
- The pace at which ClubMed integrates AI and digital capabilities to enhance its vacation offerings.
Related topics