Chinese conglomerate Fosun International is hoping its vacation business segment will pull it out of a slump.
Fosun, which owns the Club Med chain of resorts and the Thomas Cook brand, issued a warning on Jan. 20, saying profit for the year ended Dec 31, 2022 is expected to decrease by 80 percent compared to the year before.
It also revealed revenue was expected to climb 10 percent on the prior year in the preliminary assessment. It will likely publish the resu
Get unlimited access with Skift Pro.
Subscribe now for complete access to Skift.com's trusted coverage of the travel industry.
