(10 October 2023) – Fosun Tourism Group (“Fosun Tourism” or the “Group”, HKEX Stock Code: 1992), a world-leading leisure-focused integrated tourism group, is pleased to announce that its businesses in China, including Club Med and Atlantis Sanya, once again performed exceptionally well during National Day holiday 2023^[1], with various indicators such as Business Volume, Occupancy Rate and Average Daily Rate by Room showing robust performance, outperforming the industry.  

On a comparable basis^[2], the total Business Volume^[3] of Club Med China Resorts was approximately 90% higher than that of National Day holiday 2022, approximately 25% over the same period in 2019, and the Average Occupancy Rate exceeded 90%. Among them, the occupancy rate of Lijiang and Guilin resorts reached above 94% between 30 September and 4 October, and Lijiang resort was fully booked between 1 and 3 October. With regard to Club Med Joyview, the seven-day occupancy rate of Golden Coast resort reached above 97%, and it was fully booked for five consecutive days between 30 September and 4 October. Anji Resort was fully booked between 1 and 3 October, and the occupancy rate of Yanqing Resort between 1 and 3 October was over 90%, reflecting the enthusiasm for long-haul and short-haul domestic travel during the Mid-Autumn Festival and National Day holidays this year.

Atlantis Sanya, a one-stop entertainment, leisure and integrated tourisim destination, performed strongly during the National Day holiday, with Business Volume on a comparable basis^[2] far exceeding that of National Day holiday 2022 by more than 4 times, and exceeding that of the same period in 2019 by approximately 21%. The Average Occupancy Rate reached 90%, with the highest Daily Occupancy Rate reaching 97%. The Average Daily Rate by Room was around RMB3,948, among them, the Average Daily Rate by Room between 1 and 3 October was over RMB 4,400. The total number of visits reached 186,000, which represents an increase of approximately 257% over National Day holiday 2022 on a comparable basis^[2].

During this year’s National Day holiday and Mid-Autumn Festival holiday, the public showed a strong desire to travel, and the number of tourists exceeded the pre-epidemic level. According to National Day holiday 2023 tourism market data released by the Ministry of Culture and Tourism of the People's Republic of China^[4] , during the National Day holiday, the number of domestic tourist trips totalled 826 million, representing a year-on-year growth of 71.3% and exceeding that of the same period in 2019 by 4.1% on a comparable basis. Moreover, domestic tourism revenue totalled RMB753.4 billion, representing a year-on-year increase of 129.5% and was 1.5% higher than that of the same period in 2019 on a comparable basis.

Mr. Xu Xiaoliang, Co-CEO of Fosun International and Chairman of Fosun Tourism, said, "With the continuous release of domestic travel and holiday consumption demand, as well as the ongoing recovery of consumer confidence, Fosun Tourism Group's domestic business has achieved outstanding results, surpassing the performance of the same period in 2019. Following this month, we will usher in the grand opening of two brand-new urban hotel products - Club Med Urban Oasis Nanjing and Club Med Urban Oasis Taicang. We expect them to deliver unique urban holiday experiences to consumers. Fosun Tourism will continue to embrace new trends in tourism, remain committed to localization and innovation in product lines, and stay true to its corporate mission of ‘Better Holiday, Better Life’.”

Notes:

[1] National Day holiday 2023: 29 September to 5 October 2023

[2] On a comparable basis: As National Day holiday 2019 was between 1 October and 7 October 2019 (seven-day holiday), thus we use apples-to-apples comparable basis, which means that National Day holiday 2023 specifically refers to 29 September to 5 October 2023, while National Day holiday 2022 specifically refers 1 October to 7 October 2022

[3] Total business volume: Excluding relevant impacts from opening and closure of resorts and the Asian Games

[4] The Ministry of Culture and Tourism of the People's Republic of China: https://www.mct.gov.cn/whzx/whyw/202310/t20231006_947726.htm 

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About Fosun Tourism Group (Stock Code: 1992.HK)

Fosun Tourism Group (also known as FTG and Fosun Holiday, stock code: 1992.HK), is a world-leading leisure-focused integrated tourism group. As a core component of Fosun's Happiness business segment and embracing the mission of "Better Holiday, Better Life”, Fosun Tourism Group endeavors to pioneer holiday lifestyle and create a world-leading family leisure and tourism ecosystem.

Fosun Tourism Group owns brands and products including Club Med, the global leader operating more than 60 resorts that offers exquisite "all-inclusive" holidays; Atlantis Sanya, a one-stop ocean-themed integrated high-end tourism destination; Taicang Alps Resort and Lijiang Club Med Resort, two one-stop global leisure and tourism destinations; Foryou Club is positioned as the official global membership operation platform of FTG, etc.