French holiday resort operator Club Mediterranee reported a 1.2 percent rise in third quarter revenues on Friday, with strong demand from Asia offsetting weak demand in France and some hotel closures.
Revenues for the quarter ended July 31 rose to 415 million euros from 410 million euros a year earlier.
It said that represented like for like growth of 2.2 percent, excluding changes in its scope of consolidation and currency swings.
Revenues in the year to Sept. 2 were up 6.7 percent. Turnover in Asia rose 41.6 percent. Sales in Europe rose 4 percent, while they fell 2.6 percent in the Americas.
It said summer business was affected by the temporary closure of resorts in Cancun, Mexico, Trancoso, Brazil, and La Caravelle on Guadeloupe.
Demand was still flat in Europe, and the season was disappointing in France, where industry statistics show that French people did not travel abroad as much this summer, Club Med said in a statement.
Revenues at its Jet Tours package tour unit were up 3.8 percent in the year to Sept. 2.