PARIS -- Club Med saw a 10.9% increase in bookings over the four
weeks ending Sept. 7, but it wasn't enough to offset an overall
13.5% decline in bookings for the third quarter, compared to the
same period last year.
Club Med's third quarter financial results show the company's
revenues consequently were $433 million for the quarter, down
10.5%.
So far this year, revenues are running 3.2% behind 2002. Club
Med attributed the sudden upturn in bookings in September to the
late booking trend experienced throughout the travel industry.
To contact reporter Michael Milligan, send e-mail to [email protected].