PARIS, July 21 (Xinhua) -- Stephane Maquaire has been appointed as the new president and chief executive officer of Club Med Holding, succeeding Henri Giscard d'Estaing, the company's board of directors announced Monday.
According to a press release issued by Club Med, a company specializing in all-inclusive resort services, a key criterion in the succession process was the continued pursuit of the Group's international expansion strategy while preserving its French roots and long-standing core values.
Maquaire is expected to build on the current strategy while guiding the company to seize new opportunities in a fast-evolving travel and hospitality landscape, the company stated.
For his part, Maquaire said that he was honoured by the opportunity to lead the renowned Club Med into its next chapter of success.
In 2015, Chinese conglomerate Fosun completed the acquisition of Club Med, which at the time was facing operational challenges. Former French Prime Minister Jean-Pierre Raffarin has described the investment as a positive development not only for the Chinese investor, but also for the French tourism sector.
Since the acquisition, Club Med has grown rapidly and now operates over 70 resort villages in approximately 40 countries.
Describing him as a leader with deep experience in the consumer sector and a remarkable international track record, Xiaoliang Xu, co-CEO of Fosun International and Chairman of Club Med Holding, said Maquaire is ideally positioned to accelerate Club Med's momentum and write the next chapter of its extraordinary story.
Club Med has also seen significant growth in China. According to Fosun, China became the company's second-largest source market in 2024, with 310,000 visitors recorded across its 11 resorts in the country.
