Club Med posts double digit growth in North America
Photo courtesy of Club Med.

Club Med posts double digit growth in North America

MONTREAL — Club Med recorded double digit growth in North America, and stable worldwide 2014 results.

The company saw over 20% increase in ski sales in North America; another historical record for operating income in North America; and a 15% increase in bookings to date versus last year.

The company posted net income before tax and non recurring items of 28 million euros.

Xavier Mufraggi, CEO of Club Med North America, comments on the fiscal 2014 results as a reflection of Club Med’s consistent success in the U.S. saying: “For the fourth consecutive year, Club Med North America is pleased to announce yet another record in profit driven by a significant double digit growth of our topline and a remarkable over 20% sales growth in our business towards our 20 alpine ski resorts. Our sales increased across all channels in Canada, the United States and Mexico for both the incentive market and individuals, including families and couples. New guest recruitment and brand loyalty have also risen, which is a positive indicator of sustainable growth for our upscale all-inclusive business model. Trends for winter 2015 are on track to continue yielding success with strong early bookings and high occupancy levels.”