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Fosun Tourism Takes Off Globally, But Gets Grounded in China

Fosun Club Med China Omicron Covid-19 Pandemic Thomas Cook

Key Takeaways:

Club Med operator Fosun Tourism reported a fourfold increase in revenue from its resort operations in the first quarter despite a resurgence of the Covid-19 Omicron variant
Company is expected to return to profitability this year, with valuations that look competitive with other major global tourism stocks

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