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Sep 28Mon
  1. Pinchain Tourism

    Royal Caribbean to Acquire 50% Stake in Sandals Resorts for About US$3 Billion

    Royal Caribbean Group and Sandals Resorts announced an agreement to form a joint venture to expand all-inclusive resort operations, with Royal Caribbean holding 50% of the joint venture. Under the terms, Royal Caribbean will acquire a 50% stake in Sandals and Beaches Resorts for about US$3 billion, corresponding to roughly 10 times forward EBITDA, backed by a debt financing commitment from Morgan Stanley. The transaction is expected to close in early 2027, subject to customary approvals and closing conditions, and is expected to be accretive to group earnings in 2027. The joint venture will be governed by a board co-led by Stewart and Liberty, with existing bookings, loyalty programs, resor…

Sep 20Sun
  1. TravelDaily China

    Club Med opens beach-and-safari resort in South Africa

    On 17 September, Fosun International's Club Med Lifestyle Group announced the opening of Club Med South Africa Beach & Safari Resort in KwaZulu-Natal. With investment exceeding 2 billion rand, the resort has more than 480 rooms — over 400 at the beach resort and 70-plus at Vikela Safari Lodge — making it the group's first dual beach-and-safari resort and South Africa's first all-inclusive resort. It sits about 30 minutes from King Shaka International Airport and 45 minutes from Durban, drawing guests from roughly 30 countries and regions. The group currently operates 69 resorts across more than 40 countries and regions on six continents, targeting 85 by 2030.

  2. Pinchain Tourism

    Club Med Opens South Africa Beach and Safari Resort

    On September 17, Fosun International's Club Med Lifestyle Group announced the opening of Club Med South Africa Beach and Safari Resort in KwaZulu-Natal, South Africa, with more than 200 guests attending. The resort represents investment of over 2 billion rand and has more than 480 rooms, including over 400 at the beach resort and more than 70 at Vikela Safari Lodge, which sits within an 18,000-hectare private reserve. It is about 30 minutes from King Shaka International Airport and 45 minutes from Durban. Construction created over 2,300 direct and indirect jobs and 600 permanent positions. Club Med Lifestyle Group operates 69 resorts across more than 40 countries on six continents and targe…