Europe hits Club Med bookings

French holiday firm Club Mediterranee has said European bookings fell in the past four weeks and warned profits at its resorts would miss expectations this year as the region’s debt crisis meant fewer consumers planned holidays. Bookings over the past four weeks fell 2.7 per cent in Europe, but rose 1.5 per cent in America and 2.5 per cent in Asia. As of 2 June, total bookings were still up 3.5 per cent. Revenue in the first six months to 30 April rose 4.6 per cent to €798m.