Mahindra Holidays

Mahindra Holidays & Resorts, the only listed entity in the membership-driven holiday segment, will add 2,100 more rooms in the next five to six years with an investment of around Rs 1,800 crore, according to a top company official. The company, better known as Club Mahindra, runs 119 properties, of which 74 are in the home market, 33 in Finland, Sweden and Spain being run under the banner of Holiday Club which it bought some years back. It also has 12 properties in the Middle East and South Asian markets. At present, the company has 4,900 keys inventory. The company has a customer base -- all club members and most of them having 25-year memberships -- of 2.8 lakh as of December 2022. The membership fee is the biggest revenue stream for the company, which is a debt-free entity of the Mahindra group and had a cash pile of Rs 1,090 crore at the end of December. "We'll be closing FY23 with 4,900 rooms across 119 properties, 60 per cent of them are owned properties and the rest ...

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Mahindra Holidays & Resorts India Ltd plans to invest up to Rs 1,500 crore in the next three years in expansion, including room additions and resort acquisitions, according to company MD and CEO Kavinder Singh. The company is also considering launching a new upscale brand for managing resorts, through which it would also look to further grow its Club Mahindra memberships. "We are on a growth path. We have added 1,000-odd rooms in just about two and a half years," Singh told PTI. At present, Mahindra Holidays & Resorts India Ltd (MHRIL) has a total of about 4,700 rooms across 86 resorts -- 74 in India and 12 internationally, he added. When asked about future expansion, he said, "For us, we have to add resorts, that's the business we are in. We have a plan to easily add 1,200 to 1,500 rooms in about three years' time and that will happen at an estimated capital expenditure of about Rs 1,200 crore to Rs 1500 crore, which is sanctioned by the board". Among the major expansion ...

To be positioned in the upper upscale band of the leisure segment, the hotel will compete with the likes of Pullman and Courtyard by Marriott

Total expenses rose to 5.75 billion rupees from Rs 5.15 billion

The stock hit a record high of Rs 313.50, surpassing its previous high of Rs 312.67

After working for 50 years in various capacities in the Mahindra group, Nanda retired as the Chairman of Mahindra Lifespaces last week

Mahindra Holidays & Resorts India Ltd on Saturday reported a consolidated profit after tax of Rs 29.8 crore for the first quarter ended June 30, boosted by higher revenue. The company had posted a consolidated loss after tax of Rs 21.4 crore in the same quarter last fiscal, the company said in a regulatory filing. The consolidated revenue from operations during the quarter under review stood at Rs 604. 85 crore against Rs 370.87 crore in the year-ago period, it added. Focus on adding room inventory at a faster pace along with creating immersive experiences at its resorts helped the company deliver the highest ever resort revenues, higher occupancies and member spends, Mahindra Holidays & Resorts India Ltd (MHRIL) Managing Director and CEO Kavinder Singh said. Member additions have been robust with higher average unit realisation, he added. On a standalone basis member additions for the quarter stood at 3,807, with a cumulative member base of around 2.7 lakh. During the ...

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Mahindra Holidays & Resorts India Ltd (MHRIL) plans to add at least 1,000 rooms in the next two to three years, according to company Chairman Arun Nanda. In his address to shareholders in the company's annual report for 2021-22, Nanda said the firm is looking at greenfield projects, expansion of existing facilities, acquisition and lease opportunities to drive a significant growth in room inventory in the next few years. "Your company is poised for a significant growth in room inventory. The plan is to add at least 1,000 rooms in the next 2-3 years," he wrote. Nanda further said, "The additions are planned through a combination of greenfield projects on a beach near Ganpatiphule in Maharashtra and work is in progress for developing in few other destinations; expansion projects at its resorts in Kandaghat (Himachal Pradesh) and Puducherry." MHRIL had also recently won a bid for public-private partnership (PPP) project in Himachal Pradesh (Janjehli, Mandi district) and the work on .

The Mahindra Group stocks, barring Tech Mahindra, have outperformed the benchmark indices considerably so far in 2022, and look fairly strong on the charts poised for more gains ahead.

Analysts anticipate a faster recovery in the demand environment and are hopeful that consumption will reach normalised pre-Covid levels in H1FY23

Mahindra Holidays & Resorts India Ltd on Friday said it will sell its entire 10.76 per cent stake in Nreach Online Services Pvt Ltd for a consideration of Rs 29.31 crore to Gift Management Asia Pte Ltd. The company has entered into an agreement with Gift Management Asia for the sale of its entire investment consisting of 5,738 equity shares in Nreach Online Services, Mahindra Holidays & Resorts India said in a regulatory filing. The transaction is expected to be completed on or before July 31, 2022, it added. Nreach Online Services offers business software products to solve problems around employee rewards and recognition, channel sales incentives. Gift Management Asia Pte Ltd (Gift) is engaged in the business of loyalty programme management and development across the globe and serves the multi-faceted loyalty industry across three main functions, including loyalty issuance, exchange and payment, the filing said. "Gift to whom shares are agreed to be sold, does not belong to ..

Mahindra Holidays & Resorts, which operates under the flagship Club Mahindra brand of membership-only resorts, plans to add over 300 rooms by March to take the overall inventory to 4,500 keys, a top company official has said. The Mahindra group firm had reported the highest quarterly profit of Rs 40.6 crore in the three months to September 2021 amid the pandemic that has hit the hospitality and tourism industry badly. It operates 78 properties offering 4,233 keys as of now and has been clocking about 80 per cent occupancy in the third quarter and hopes to better it going ahead provided there is no third wave and the resultant mobility curbs. "We started this fiscal with 4,197 rooms and we are on course to close the year with an inventory of 4,500 rooms. We are adding a little over 300 rooms to our existing properties at Assonora in Goa and Ganapatiphule in Maharashtra," Kavinder Singh, managing director and chief executive of Mahindra Holidays, told PTI. Refusing to give an exact .

Mahindra Holidays & Resorts, which operates under the flagship Club Mahindra brand of membership-only resorts, plans to add over 300 rooms by March to take the overall inventory to 4,500 keys, a top company official has said. The Mahindra group firm had reported the highest quarterly profit of Rs 40.6 crore in the three months to September 2021 amid the pandemic that has hit the hospitality and tourism industry badly. It operates 78 properties offering 4,197 keys and has been clocking about 80 per cent occupancy in the third quarter and hopes to better it going ahead provided there is no third wave and the resultant mobility curbs. "We started this fiscal with 4,197 rooms and we are on course to close the year with an inventory of 4,500 rooms. We are adding a little over 300 rooms to our existing properties at Assonora in Goa and Ganapatiphule in Maharashtra," Kavinder Singh, managing director and chief executive of Mahindra Holidays, told PTI. Refusing to give an exact investment

The Mahindra Group hospitality arm plans to invest Rs 1,000-1,200 crore

Mahindra Holidays & Resorts, Lux Industries, Dish TV India and Borosil rallied more than 10 per cent on the BSE in intra-day trade

The move is in compliance with the advisories / directives issued by the Finnish Government arising out of COVID 19

Occupancy at properties in driveable locations surges at 80-90% of pre-Covid levels

The company had posted a net profit of Rs 78.52 lakh for the corresponding period of the previous fiscal, MHRIL said in a filing to BSE