Club Med Lifestyle Group has formally applied for an independent main-board listing in Hong Kong, while Fosun International confirmed it had received exchange approval to proceed with the proposed spin-off under Practice Note 15 of the Listing Rules. The resort operator runs 69 premium all-inclusive resorts, with a sales network covering more than 40 countries and regions across six continents. CIC data identified Club Med as the world’s largest all-inclusive resort brand by 2025 revenue, with a 5.3% share of the segment and 1.1% of the broader resort market. Revenue rose from €1.862 billion in 2023 to €1.949 billion in 2025, but annual profit dropped from €68.768 million to €10.917 million before recovering to €57.125 million in the first half of 2026. Financing costs and higher income-tax expenses weighed on earnings, while net debt reached €172 million and net current liabilities €674 million at the end of June 2026. Pricing and gross margins improved, but occupancy remained near 62% and revenue growth slowed. The company plans to expand to about 85 resorts by 2030, including further development in China, and says IPO proceeds would fund expansion, product upgrades, digital capabilities, capital-structure optimization and daily operations. Club Med is expected to remain a Fosun International subsidiary after the offering, completing a cycle from Fosun’s acquisition of the brand to its prior listing within Fosun Tourism Group, privatization and proposed re-listing.