Club Med owner bets on winter sports in China as skiing craze creates ‘severe shortage’

Quick Summary:

Tourist attractions featuring snow and ice will be our major growth engine,’ says Fosun Tourism co-president Andrew Xu.

In early 2022, Sunac China launched its ski training brand, Bonski Sports, as the Chinese home builder sought to capitalise on the trend to shore up business at its 17 all-season ski resorts nationwide.

In June, the company signed an agreement with the Taicang government for an expansion of the project, with the local authorities investing at least 5 billion yuan to build additional indoor ski slopes and entertainment facilities.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Tourism Spending Resort Mainland Taicang Sports China’s Yuan Winter Fosun Resorts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-25 @ 14:30:11 (6 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 646 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22290992

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