PT Indonesian Paradise Property Tbk (Paradise Indonesia) and Club Med formally signed a Memorandum of Understanding (MoU) for an exclusive partnership.
The signing was made between Paradise Indonesia president, director, and chief executive Anthony Prabowo Susil and Club Med’s chief executive for the East and South Asia & the Pacific markets Rachael Harding.
The signing ceremony was held at Residence OnFive, Grand Hyatt Jakarta, one of Paradise Indonesia’s business units.
Susilo remarked: “We are thrilled to announce our strategic partnership with Club Med. This joint venture aims to unveil a series of developments that will not only foster mutual growth for both companies but also bring about substantial benefits to the local communities and areas in which we build. Our united vision is to cultivate sustainable and enriching experiences for all.”
Harding added: “Our strategic partnership with Paradise Indonesia marks a significant milestone in our development strategy for Indonesia. We are excited to have found a solid partner who fully supports and appreciates Club Med’s upscale strategy and identity. We are confident that this partnership will create incremental value for all our stakeholders and accelerate our commitment to further establish Club Med as the world leader in all-inclusive and experiential premium holidays in stunning locations.”
Club Med president Henri Giscard d’Estaing likewise declared: “For nearly 40 years since the first Club Med Resort opening in Bali, Club Med has established a harmonious and well-integrated presence to support the remarkable tourism development in Indonesia. Indonesia continues to be a key focus for Club Med, which is projected to be among the fastest-growing markets by 2030. Pre-pandemic, we saw incredible growth of Indonesian client numbers and today we see a steady recovery. This shows a strong and accelerating demand for Club Med All-Inclusive Resorts as well as a growing appetite for vacations overseas, including to our resorts in Europe and Americas. This strategic partnership with Paradise Indonesia brings together brand synergies, expertise and innovation of both organizations, and aligns perfectly with our mission to continue delivering exceptional experiences for our customers, while continuing to accelerate our international reach to the beautiful destinations of Indonesia.”
A beautiful island is surrounded by a healthy coral reef off the coast of North Sulawesi, Indonesia. This area harbors high marine biodiversity and is a popular diving and snorkeling destination.
What the partnership entails
Per the understanding, Paradise Indonesia and Club Med are entering into a mutually exclusive partnership for the development of a portfolio of new upscale all-inclusive resorts across Indonesia.
Club Med and Paradise Indonesia share a common vision of creating desirable lifestyle holidays that meet the evolving needs of today’s epicurean-savvy travelers in some of the most beautiful, exclusive destinations around the world.
With this strategic partnership, the two iconic hospitality leaders aim to pioneer amazing experiences in exotic destinations across Indonesia.
To be rolled out across several phases with a development target of more than five new resorts, the first phase consists of three resorts to be developed in the next five years in key tourism destinations, namely North Sulawesi, Bali, and West Java.
This partnership underscores the commitment of both parties to support the Indonesian government’s tourism goals and agenda to attract domestic and international tourists, as well as to raise the Travel and Tourism Index rank nationally.
Each location where the development takes place will have a positive impact on the community and the surrounding environment, such as the creation of direct and indirect job positions, the development of local talents within the hospitality industry with opportunities for overseas job postings, knowledge exchange of the culinary industry, opening distribution channels supplying raw materials, and many others.
This will certainly improve social welfare, the tourism industry, and the sectoral creative economy.
