Fosun Tourism Group (FOLIDAY)

What Fosun Tourism Group (FOLIDAY) does

Fosun Tourism Group (FOLIDAY) is a global integrated leisure vacation conglomerate and subsidiary of Hong Kong-listed Fosun International, headquartered in Shanghai and incorporated in Hong Kong. The company operates across 40+ countries and 5 continents through a portfolio of wholly-owned and licensed resort brands, most notably Club Med (~67 all-inclusive resorts globally, fully acquired in 2015), Sanya Atlantis (integrated ocean-themed resort in Hainan since 2018), Taicang Alps International Resort (indoor ski resort in the Yangtze River Delta), Lijiang Club Med Resort, the new Hainan Super Mediterranean (positioned as the world's first AI-themed resort area), and HiSphere Chongqing (cultural tourism mall). The Foryou Club membership platform aggregates 20+ million members across all brands for booking, loyalty, and cross-promotion. As of December 31, 2024, the group reports annual business volume of RMB 19+ billion, 70+ resorts/hotels globally, and 8.6+ million guest visits annually with a headcount of 19,467.

The company generates revenue through five principal streams: (1) Club Med all-inclusive vacation packages covering accommodation, meals, activities, entertainment, and G.O services (the largest segment, with 2025 full-year revenue of ~RMB 18 billion); (2) Sanya Atlantis integrated resort operations including rooms, water park admissions, aquarium tickets, F&B across 21 outlets, and MICE events (~RMB 1.5 billion in 2025, with non-room revenue exceeding 50%); (3) asset-light resort management and operations services to government platforms and developers (the '投融建管退' full-cycle model, exemplified by Taicang Alps Phase 2 and HiSphere Chongqing); (4) the Foryou Club platform generating booking commissions and cross-selling revenue; and (5) real estate sales at Taicang and Lijiang projects, being phased down as the company shifts asset-light.

Fosun Tourism pursues a hybrid go-to-market combining direct digital channels (Foryou Club app, Club Med's global booking system achieving 72% direct/semi-direct sales globally), channel partnerships with Chinese OTAs (Trip.com, Tuniu), corporate/MICE sales teams, and asset-light management partnerships with government and developer capital partners. The company is pursuing an AI-first technology strategy via its 2025-established AI Lab and an Alibaba Cloud partnership, deploying AI G.O (an intelligent vacation butler built on DeepSeek and Tongyi Qianwen models), AI Copilot customer service across 12 markets, and G.O Match for global staffing optimization. Fosun International announced privatization of the HK-listed subsidiary in early 2025 at a 95% premium as part of broader group restructuring.

Name

Fosun Tourism Group (FOLIDAY)

Legal name

Fosun Tourism Group (复星旅游文化集团)

Website

http://www.fosunholiday.com/

Company type

Public

Founded year

1950

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Fosun Tourism Group (FOLIDAY) is a global integrated leisure vacation conglomerate operating 70+ resorts and hotels across 40+ countries through brands including Club Med, Sanya Atlantis, Taicang Alps, and Hainan Super Mediterranean, serving families, affluent urban consumers, and inbound tourists via an asset-light model and 20M+ member Foryou Club platform.

Ownership category

akta.pro rank

Product category

Integrated Resort and Leisure Tourism

NAICS

Traveler Accommodation (7211), Hotels (except Casino Hotels) and Motels (72111), Amusement and Theme Parks (71311)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Services-Amusement & Recreation Services (7900), Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Luxury All-Inclusive Resorts (THAGACAI)

akta.pro secondary industries

Beachfront & Island Luxury Resorts (THAGACAA), Luxury Eco-Resorts (THAGACAK), Beach & Island All-Inclusive Resorts (THAGAKAG), Adults-Only All-Inclusive Resorts (THAGAKAB)

Keywords

• Integrated resort operations
• All-inclusive vacation packages
• Leisure tourism destinations
• Resort asset management
• Cultural tourism malls

Headquarters

HQ city

Central

HQ country

Hong Kong SAR China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Club Med All-Inclusive Vacation Packages: Club Med generates revenue primarily through its '一价全包' (all-inclusive) model, where guests pay a bundled price covering accommodation, meals, activities, entertainment, and G.O services. Revenue is generated per guest per night across Club Med's ~67 resorts globally. This is the largest revenue stream for the group.
2. Sanya Atlantis Resort Operations: Sanya Atlantis operates as an integrated ocean-themed resort with diversified revenue from hotel rooms (1,314 rooms including 5 underwater suites), water park admissions, aquarium tickets, F&B across 21 outlets, retail, shows (C Show), and MICE/event spaces. Non-room revenue accounts for over 50% of total revenue.
3. Resort Asset Management & Light-Asset Operations: Fosun Tourism provides full-cycle '投、融、建、管、退' (investment, financing, construction, management, exit) solutions to property developers and government platforms. The company earns management fees and运营输出 fees while the partner provides capital. The Taicang Alps Phase 2 and HiSphere Chongqing are examples of this model.
4. Foryou Club (Fulful) Membership & Booking Platform: Foryou Club is the group's global membership and digital booking platform, serving as a distribution channel and loyalty program. Revenue includes booking commissions, membership fees, and cross-selling of group brands. The platform has over 20 million members.
5. Real Estate Sales (Taicang & Lijiang Projects): Taicang Alps and Lijiang Mediterranean projects include property sales components where residential units are sold to individual buyers. As of mid-2023, Taicang had sold 191 units for RMB 480 million. This is being phased down as the company shifts to an asset-light model.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Fosun Tourism Group operates a global portfolio of integrated leisure vacation resorts under three core product lines: Super Resort (Club Med and sub-brands), Super Resort Complex (Atlantis Sanya, Taicang Alps, Lijiang, Hainan Super Mediterranean), and Super Cultural Tourism Mall (HiSphere Chongqing). The company sells all-inclusive vacation packages covering accommodation, meals, activities, entertainment, and G.O services, while also providing asset-light resort management solutions to government and developer partners across more than 40 countries.

Product overview

Fosun Tourism Group operates as a global integrated leisure vacation conglomerate managing a portfolio of resort and tourism products under three core product lines: Super Resort (超级度假村), Super Resort Complex (超级度假区), and Super Cultural Tourism Mall (超级文旅Mall). The Super Resort line includes Club Med's global all-inclusive resorts, Club Med Joyview for nearby urban escapes, and Club Med Urban Oasis for city-based vacations. The Super Resort Complex encompasses Atlantis Sanya, Taicang Alps Resort, Lijiang Resort, and Hainan Super Mediterranean. The Super Cultural Tourism Mall features HiSphere Chongqing. The company also operates the Foryou Club membership platform with over 20 million members integrating all brands, while Club Med serves as the flagship all-inclusive resort brand with 75 years of heritage and approximately 67 resorts globally.

Differentiator

Problem solved

Functional benefit

Brands

• Club Med: Global premium all-inclusive resort brand with 70+ resorts worldwide, known for G.O culture and PAI model
• Club Med Joyview (地中海·邻境)
• Club Med Urban Oasis (地中海·白日方舟)
• Sanya Atlantis (三亚·亚特兰蒂斯)
• Taicang Alps Resort (太仓阿尔卑斯国际度假区)
• Lijiang Club Med Resort (丽江地中海国际度假区)
• Foryou Club (复游会)
• HiSphere
• Super Mediterranean (超级地中海)

Products and services

• Club Med (Club Med 地中海俱乐部) Global premium all-inclusive resort brand offering bundled vacation packages including accommodation, dining, retail, activities, entertainment, sports, and the signature G.O (Gentle Organizer) service culture with children's clubs.
• Club Med Joyview (地中海·邻境) China-specific short-stay resort sub-brand targeting urban families, located near major cities and scenic areas within 2-3 hours travel distance. Offers flexible 'room with breakfast' or all-inclusive options.
• Club Med Urban Oasis (地中海·白日方舟) China-specific city resort sub-brand bringing Club Med's vacation experience into urban centers, targeting city dwellers seeking nearby quality vacation experiences within city limits.
• Sanya·Atlantis (三亚·亚特兰蒂斯) National 4A-rated integrated ocean-themed resort featuring 1,314 hotel rooms, water park (Atlantis Water World with 36 slides), aquarium (Lost Chambers Aquarium), convention center, 21 dining outlets, C Show performances, and retail spaces.
• Taicang Alps International Resort (太仓阿尔卑斯国际度假区) World-class indoor snow-themed urban resort destination featuring Alps Snow World indoor ski slopes, snow park, Club Med Urban Oasis Taicang Resort, and themed commercial streets in the Yangtze River Delta.
• Lijiang Club Med Resort (丽江地中海国际度假区) Premium wilderness resort at the foot of Yulong Snow Mountain in Lijiang, featuring Club Med resort, AMAZE camping base, commercial district, and Tang'an Resort Hotel across approximately 1,300 mu.
• Hainan Super Mediterranean (海南超级地中海) World's first AI-themed resort area featuring polar ocean park, fashion sports, cultural performances, luxury hotels, and themed shopping. Uses AIGC technology for personalized room customization and digital human G.O service.
• HiSphere Chongqing (HiSphere重庆) World-class cultural tourism mall combining culture, entertainment, performances, theme park, shopping, and dining. First project covers 500,000 sqm in Chongqing's Liangjiang New Area, integrating global cultural and tourism resources with local Bashu culture.
• Foryou Club (复游会) Global membership platform with over 20 million members offering resort booking, consultation services, and points redemption across all Fosun Tourism brands.

Quantifiable outcome

• 860+ million annual guest visits globally (2024 data)
• +5 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• BYD (比亚迪)coreStrategic or Co-development Partner · 18 December 2025Fosun and BYD signed a global long-term strategic cooperation agreement at the Taicang Alps International Resort on December 18, 2025. The partnership integrates BYD's new energy vehicles (including Dynasty, Ocean, Fang Cheng Bao, Denza, and Yangwang brands) across Fosun's 70+ global resort destinations. BYD's 15+ million global car owners and Fosun's 20 million Foryou Club members are cross-linked through an exclusive benefits ecosystem. Jointly developed customized premium vacation routes combine BYD's green mobility with Fosun's resort experiences, extending vacation radius and creating immersive destination experiences.
• Chongqing Baoyu Port Group (重庆保税港区集团)coreStrategic or Co-development Partner · 28 November 2025Fosun Tourism partnered with the Chongqing Baoyu Port Group to develop Hi·Chongqing, the first Super Cultural Tourism Mall project. Located in Chongqing's Liangjiang New Area, the 500,000 sqm project integrates global cultural and tourism resources with local Bashu culture, creating a world-class entertainment mall and urban cultural tourism destination.
• Taicang Municipal Government Platform (太仓市政府平台)coreStrategic or Co-development Partner · 28 November 2025Taicang city government platform co-invests in the Taicang Alps International Resort Phase 2 project with over RMB 5 billion in capital. Fosun Tourism provides operational management, brand licensing, and development expertise. This is the flagship example of the group's asset-light '轻资产运营' strategy.
• China Development Research Institute (中国改革发展研究院)minorStrategic or Co-development Partner · 28 November 2025Strategic cooperation signed at the November 2025 product launch event, focusing on 'industry practice + policy research' integration to build a new model for China's tourism industry development, supporting Hainan's goal of becoming a globally influential international vacation destination.
• Ministry of Ecology and Environment Nanjing Institute of Environmental Sciences (生态环境部南京环境科学研究所)minorStrategic or Co-development Partner · 28 November 2025Partnership to integrate biodiversity conservation and habitat restoration into Club Med resort ecosystems, creating China's first 'human-nature coexistence' biodiversity-focused resort under the national biodiversity strategy.
• Alibaba Cloud (阿里云)coreTechnology or Integration · 1 October 2024Fosun Tourism signed a full-stack AI cooperation agreement with Alibaba Cloud in August 2025 to jointly develop the文旅智能体 'AI G.O' based on Alibaba's Tongyi Qianwen 3 series models. The AI G.O system will optimize customer vacation experiences across the entire travel lifecycle and enhance operational efficiency, first piloted at Sanya Atlantis.
• Kerzner International (柯兹纳国际)coreStrategic or Co-development Partner · 1 October 2024Fosun Tourism partners with Kerzner International for the Atlantis brand in China. Kerzner licenses the Atlantis brand and provides operational guidance for Sanya Atlantis, which has become one of China's most iconic integrated resort destinations since its 2018 opening.
• Club Med Sahole (法国阿尔卑斯集团/CDA)coreStrategic or Co-development Partner · 1 October 2024Co-development of the Alps Snow World indoor ski resort with France's Compagnie des Alpes (CDA), the world's largest ski resort operator. CDA contributes alpine resort expertise, design, content, and operational standards, while Fosun provides local market access and capital.
• EHL Alliance (Ecole Hôtelière de Lausanne)minorStrategic or Co-development PartnerTrain of Glamour, the premium rail lifestyle brand under Fosun Infrastructure Group, joined the EHL Alliance as the first Chinese member. The partnership focuses on co-developing China's first luxury rail service standards, talent exchange programs, and exploring Michelin-level culinary experiences for its 80-guest Silk Road Express, guided by Eastern narratives and international hospitality excellence.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Marriott International: Marriott International operates the world's largest portfolio of hotels and resorts with 30+ brands globally, including luxury and premium all-inclusive offerings (e.g., Ritz-Carlton, Westin, Luxury Collection) that directly compete with Fosun's Club Med and integrated resort portfolio across the same family and leisure customer base.
• Hilton Worldwide: Hilton operates a global multi-brand portfolio spanning luxury (Conrad, Waldorf Astoria) to premium resort offerings (Hilton Resorts, Hilton Grand Vacations) serving similar family leisure and experiential travel customers as Fosun's Club Med, with overlapping distribution channels and premium resort positioning.
• Hyatt Hotels Corporation: Hyatt has a heavily resort-weighted global portfolio (Park Hyatt, Andaz, Hyatt Regency, all-inclusive brands) explicitly targeting leisure and family travelers with luxury and experiential properties comparable to Club Med's all-inclusive resorts and Atlantis-style integrated offerings.
• Mandarin Oriental Hotel Group: Mandarin Oriental operates a collection of luxury hotels and resorts in iconic leisure destinations (Bali, Maldives, Caribbean), targeting the same affluent leisure traveler segment as Fosun's Club Med Exclusive Collection and Sanya Atlantis, with comparable premium pricing and experiential positioning.
• Four Seasons Hotels and Resorts: Four Seasons is a global luxury hotel and resort operator with properties in premier leisure destinations (Maldives, Bora Bora, Seychelles, Hainan), directly comparable to Fosun's luxury beachfront and all-inclusive resort offerings in the ultra-premium experiential travel segment.
• Six Senses Hotels Resorts Spas: Six Senses operates ultra-luxury resorts in remote and experiential destinations (Maldives, Thailand, Bhutan) with a wellness and sustainability positioning that aligns with Fosun's Club Med luxury tier and Green Globe-certified eco-resort strategy.
• Aman Group: Aman operates an ultra-luxury resort portfolio in exclusive destinations (Maldives, Southeast Asia, Caribbean), targeting the same ultra-high-net-worth leisure traveler as Club Med's Exclusive Collection tier, with comparable ultra-premium pricing and experiential positioning.

Broad incumbents

• MGM Resorts International: MGM operates large integrated resort complexes (Las Vegas, Macau, regional) combining hotels, entertainment, dining, and attractions under one destination — a structurally similar model to Sanya Atlantis and Fosun's "Super Resort Complex" product line, though with a casino-anchored value proposition.

Regional players

• OCT Group (华侨城集团): OCT Group is a leading Chinese state-owned tourism and cultural entertainment conglomerate operating theme parks, cultural tourism districts, and integrated resort destinations across China — directly comparable to Fosun's HiSphere Chongqing and Super Resort Complex product lines in the domestic market.

Others

• Trip.com Group: Trip.com Group is China's largest online travel agency and a key distribution partner for Fosun's properties (listed in Fosun's distribution channels). While not a direct competitor, Trip.com represents the leading travel distribution platform serving overlapping customers and represents both a channel relationship and a structural adjacency in the Chinese travel value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fosun Tourism Group (FOLIDAY)