What does club med mean?

Is a large multinational enterprise, commercial resort group, formerly a non-profit organization, founded by Gérard Blitz in 1950. Gerard Blietz, a Belgian Jew, was originally a water polo player. Club med Resort was established in the Mediterranean Sea and Spanish island of Mallorca. 1990, after the founder Gerard Blietz, Club Med became a commercial enterprise and became a listed company in 1995. There are 20,000 employees, and the income in 2004 is 654.38+0.4 billion euros.