Mediterranean Resort Group has recently filed its prospectus with the Hong Kong Stock Exchange, preparing for a listing. As of June 30, 2026, the group reported total assets of EUR 3.074 billion and total liabilities of EUR 3.246 billion, resulting in negative equity of EUR 172 million.

While the newly established Mediterranean Resort Group appears to be a fresh entity, it is essentially a rebranding of the former Fosun Tourism Group. The predecessor company went public on the Hong Kong Stock Exchange in December 2018 at an offer price of HK$15.60 per share, raising net proceeds of HK$3.2 billion. However, Fosun Tourism Group was privatized and delisted in March 2025 through a deal valued at HK$9.7 billion.

Before the privatization, Xu Xiaoliang served as Chairman of the Board and Brian Bao served as Chief Executive Officer of Fosun Tourism Group. Today, with the listing initiative for Mediterranean Resort Group underway, Xu Xiaoliang remains Chairman while Brian Bao continues as CEO, meaning the core management team stays intact.

Positioned as a global premium resort lifestyle operator, Mediterranean Resort Group operates primarily under the Club Med brand, managing high-end all-inclusive resorts and providing asset-light resort scenario services for customers worldwide. Founded in 1950, Club Med is a pioneer in the premium all-inclusive resort industry and one of the few such brands with true global reach.

Leveraging over 75 years of brand heritage and global operational expertise, along with a sales network spanning more than 40 countries and regions across six continents, the group develops and operates diverse premium resort offerings, including mountain ski destinations and sun-soaked beach locations. As of the latest practicable date, the group operates 69 premium resorts worldwide.

In July 2026, Club Med opened its South African beach and safari resort, marking its entry into the South African market while expanding its resort portfolio by combining coastal vacations with safari experiences. In August 2026, construction commenced on a new resort in Koh Samui, Thailand, reflecting the continued expansion of the company's global resort network.

For the first half of 2026, Mediterranean Resort Group welcomed 830,000 guests, with a total resort bed capacity of 6.465 million. The occupancy rate was 62.5%, the average daily bed price reached EUR 261, and average daily bed revenue stood at EUR 195.

Financial performance for Mediterranean Resort Group shows revenues of EUR 1.862 billion in 2023, EUR 1.923 billion in 2024, and EUR 1.949 billion in 2025. Gross profits were EUR 539 million, EUR 560 million, and EUR 590 million for those same years.

Operating profits for 2023, 2024, and 2025 were EUR 181 million, EUR 163 million, and EUR 160 million respectively, while net profits for those years were EUR 68.77 million, EUR 29.6 million, and EUR 10.92 million. In the first half of 2026, the group posted revenue of EUR 1.083 billion with gross profit of EUR 376 million, operating profit of EUR 144 million, and net profit of EUR 57.13 million.

Adjusted EBITDA figures were EUR 364 million in 2023, EUR 392 million in 2024, and EUR 394 million in 2025. For the first half of 2026, adjusted EBITDA was EUR 266 million, compared to EUR 274 million in the same period last year.

Executive directors of Mediterranean Resort Group include Xu Xiaoliang, Brian Bao, and Stéphane Samuel MAQUAIRE. Non-executive directors are Pan Donghui, Takuya Yamada, and Chen Bing, while independent non-executive directors include Hervé REMAUD, Katherine Rong XIN, and Yu Bin.

Xu Xiaoliang serves as Executive Director and Chairman of the Board. He joined the group in August 2021 as a non-executive director of Fosun Tourism Group and was appointed Chairman of its board in November 2022, being redesignated as an executive director. He was appointed Executive Director and Chairman of the company on August 18, 2026. Beyond his group roles, Xu has served as a director of Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (stock code: 600655.SH) since December 2013 and has been with the Fosun International group since 1998, where he currently holds the position of Executive Director and Co-CEO. Previously, he also served as a non-executive director of Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (stock codes: 02196.HK and 600196.SH) and as a non-independent director of Hainan Mining Co., Ltd. (stock code: 601969.SH).

Brian Bao is Executive Director and Chief Executive Officer. He joined the group in November 2022 as Executive President of Fosun Tourism Group, was appointed Co-President in February 2024, and became CEO in November 2024. He was appointed a director of the company on May 8, 2026, and was redesignated as Executive Director and appointed CEO on August 18, 2026. Before joining the group, Bao served as founder and general manager of Hangzhou Golden Mark Culture Tourism Development Co., Ltd. from May 2006, and between June 2018 and September 2020, he was general manager of Xuesong Development Co., Ltd. (stock code: 002485.SZ) in 2018 and assistant to the president of Wanda Culture Group from 2015 to 2016. Earlier in his career, from September 1997 to September 2006 and again from August 2013 to April 2015, he held various roles at Hangzhou Songcheng Tourism Development Co., Ltd. (stock code: 300144.SZ), with his final position being Executive Vice President. It is noted that Bao earned his bachelor's degree through distance learning from Southwest University in January 2014, and later obtained a Master's degree in Luxury and Fashion Management from Paris School of Business in March 2026.

As of today, Fosun International holds 100% controlling equity in Mediterranean Resort Group.