All holidays up to 27 February are off after the French government extended the closure of all Alpine ski lifts.
The operator said it would be contacting affected customers in date order, and thanked them for their "continued patience and understanding".
"Many of you will have heard the French government has announced its intention to keep all Alpine ski lifts closed until 27 February," said Club Med in a statement.
"Unfortunately, this means we will need to cancel all Club Med ski holidays until 27 February.
"Our customer care team will be contacting customers affected in chronological order.
"Thank you for your continued patience and understanding."