Fosun Tourism and Culture Group

Fosun Tourism and Culture Group (复星旅游文化集团), often shortened to Fosun Tourism Group or FOLIDAY, is a global integrated leisure and tourism company headquartered in Shanghai and controlled by Fosun International. It was carved out of Fosun's consumer and leisure assets and positioned as a dedicated platform for resort operations, tourism destination development, and vacation services. Its best-known asset is Club Med, the French-origin all-inclusive resort brand that Fosun acquired control of in the 2010s, giving the group a large network of mountain and beach resorts across Europe, the Americas, and Asia-Pacific. Beyond Club Med, the group developed and operates Atlantis Sanya, a major integrated resort on Hainan Island, and has built a portfolio of destination projects and hospitality brands under the FOLIDAY banner, including resort management, travel services, and entertainment concepts. The group's business model combines resort ownership and management, tourism real estate, and vacation lifestyle services, with a strong emphasis on premium all-inclusive and family-oriented leisure experiences. Fosun Tourism and Culture was listed on the Hong Kong Stock Exchange in 2018 and later taken private by its parent in 2024, reflecting Fosun's broader effort to restructure its portfolio and reduce leverage. The company operates across China, Europe, and other international markets, and its brands are marketed to both outbound Chinese travelers and global leisure customers. Its positioning centers on high-quality vacation experiences, brand-led resort management, and the integration of tourism with culture, entertainment, and lifestyle consumption.

Fosun Tourism and Culture Group was established as a dedicated leisure and tourism platform within Fosun International, the Chinese conglomerate founded by Guo Guangchang. Its formation reflected Fosun's strategy of investing in consumer and lifestyle sectors, particularly premium travel and vacation experiences. A defining step was Fosun's acquisition of a controlling stake in Club Med, the French all-inclusive resort pioneer, following a prolonged takeover battle in the mid-2010s. This gave the group a global resort network and a strong brand in family and mountain holidays. In parallel, the group invested in large-scale destination projects in China, most notably Atlantis Sanya, which opened in 2018 as a major integrated resort on Hainan Island featuring a hotel, water park, aquarium, and entertainment facilities. The group organized its various hospitality and travel assets under the FOLIDAY brand, aiming to create an ecosystem of vacation services and lifestyle products. Fosun Tourism and Culture was listed on the Hong Kong Stock Exchange in December 2018, raising capital to support its expansion and development projects. In the years that followed, the group navigated the impact of the COVID-19 pandemic on global travel, while continuing to develop new resort and destination projects. In 2024, Fosun International announced and completed a privatization of Fosun Tourism and Culture, delisting it from the Hong Kong exchange as part of a broader effort to streamline the parent company's portfolio and manage debt. The group remains active as a private company within the Fosun group, operating Club Med, Atlantis Sanya, and related leisure brands.

• 2024

  Fosun International completes privatization and delisting of Fosun Tourism and Culture from HKEX.

• 2018

  Atlantis Sanya opens as a major integrated resort on Hainan Island.

• 2018

  Fosun Tourism and Culture lists on the Hong Kong Stock Exchange (ticker 1992.HK).

• 2016

  Fosun Tourism and Culture Group established as a dedicated leisure platform within Fosun International.

• 2015

  Fosun completes acquisition of controlling stake in Club Med after prolonged takeover battle.

Premium global leisure and vacation experience provider, integrating resorts, destinations, and lifestyle services.

• Club Med

  All-inclusive resort brand with mountain and beach resorts worldwide.

• Atlantis Sanya

  Integrated resort destination in Hainan, China, featuring hotel, water park, and aquarium.

• FOLIDAY

  Vacation lifestyle ecosystem and platform brand for travel services and products.

• 2020-03-17

  Fosun Tourism releases 2019 financial results[1]复星旅文发布2019年财报finance.sina.com.cn

  Reported: 2020-03-17

  Fosun Tourism Culture Group released its 2019 financial results, reporting revenue of about 17.34 billion yuan and attributable net profit of 610 million yuan, nearly double the prior year.

• 2019-11-01

  Fosun Tourism Culture agrees to acquire Thomas Cook intellectual property assets[2]复星旅游文化签约收购托马斯·库克知识产权资产finance.sina.com.cn

  Reported: 2019-11-04

  Fosun Tourism Culture entered an asset purchase agreement to acquire intellectual property assets from Thomas Cook Group and its subsidiaries, including rights to certain trademarks, domains, software applications, social media accounts and licenses for the Thomas Cook, Casa Cook and Cook’s Club brands, for £11 million.

1. 1复星旅文发布2019年财报finance.sina.com.cn
2. 2复星旅游文化签约收购托马斯·库克知识产权资产finance.sina.com.cn