Club Med: Third-Quarter 2009 Revenue
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Club Med: Third-Quarter 2009 Revenue
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Category: Europe - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2009-09-11
Business holds firm, with a limited decline in revenue for the first nine months of fiscal 2009, in line with the industry average
nine months of fiscal 2009, in line with the industry average
- Nine-month revenue down 6.8% to €1,034m, from €1,109m in the prior-year period; RevPAB* up 0.4%
- Third-quarter revenue down 12.5% to €315m, from €360m in third-quarter 2008; RevPAB* down 4.3%
Increase in last-minute bookings thanks to the scheduled postponement in marketing initiatives
- Summer bookings at 5 September down 13.8% (vs. a decline of 18.3% at 6 June)
- Summer bookings up 6.4% since 27 June
- Capacity reduced by 8.7%
Ongoing deployment of the €56m productivity program, which combined with the reduction in RevPAB, offset the impact of the decline in revenue on Villages Operating income – Leisure in the third quarter
Successful villa sales (22 signed or in the signing process) and reopening of Caravelle in Guadeloupe scheduled for 24 October
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