The Club Med Resort, which is located at Vieux Fort on the island nation of St. Lucia in the West Indies, closed down its operations in the year 2001. It was one of the casualties of worldwide restructuring of its operations by Club Med, an international chain of resorts.
This decision, namely the decision which was taken by the management of the chain of Club Med resorts to close down the Club Med resort, which is located at Vieux Fort on the island of St. Lucia in the West Indies, in the year 2001, was prompted by the heavy financial losses which Club Med incurred when there was a global economic slowdown and when the travel industry City in the United States of America. The National Development Corporation, which is abbreviated as the NDC, has put in a lot of effort to revive the Club Med resort in St. Lucia.
This decision, namely the decision which was taken by the management of the chain of Club Med resorts to close down the Club Med resort, which is located at Vieux Fort on the island of St. Lucia in the West Indies, in the year 2001, was prompted by the heavy financial losses which Club Med incurred when there was a global economic slowdown and when the travel industry City in the United States of America. The National Development Corporation, which is abbreviated as the NDC, has put in a lot of effort to revive the Club Med resort in St. Lucia.