Fosun Tourism Group (Fosun Travel), after being listed for six years, has announced plans for privatization and delisting through a share buyback, signaling a shift in both its strategy and the broader development model of the tourism industry. Once positioned as a more advanced version of HNA and Wanda’s tourism ventures, Fosun Travel’s aggressive expansion, which included acquisitions like Club Med, ultimately faltered under the pressures of the pandemic and a challenging market, leading to losses and stock price decline. Fosun Travel’s delisting underscores the need for the tourism sector to evolve toward more refined operations, digital transformation, and sustainability, embracing technological innovation and cross-industry integration.