Club Mahindra Holidays

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Mahindra Holidays & Resorts India Ltd. (MHRIL)
Company typeResorts
[1]
IndustryHospitality
FoundedSeptember 20, 1996; 27 years ago (1996-09-20)
Area served
Worldwide
Key people
  • Arun Kumar Nanda (Chairman)
  • Kavinder Singh (MD and CEO)
ProductsVacation Ownership (VO)
RevenueIncrease ₹2,623 crore (US$330 million) (2023)[2]
Increase ₹761 crore (US$95 million) (2023)[2]
Increase ₹115 crore (US$14 million) (2023)[2]
Total assetsIncrease ₹9,317 crore (US$1.2 billion) (2023)[2]
Total equityIncrease ₹390 crore (US$49 million) (2023) [2]
ParentMahindra Group
Websitewww.clubmahindra.com

Club Mahindra is the flagship brand of Mahindra Holidays & Resorts India Limited (MHRIL), an Indian Hospitality company founded in 1996. It is a part of the Leisure and Hospitality sector of the Mahindra Group and provides family holidays on a timeshare basis.[3] MHRIL offers family holidays primarily through vacation ownership memberships for over a period of 25/10 years.

History[edit]

Club Mahindra Holidays was incorporated as Mahindra Holidays and Resorts India Limited (MHRIL) in the year 1996. Subsequently, the company's status was changed to public limited in 1998. In the same year, the company opened its first resort at Munnar. Its next resort was opened in Goa in 1999. At present, the company operates and manages over 110 resorts across the globe of which over 80 are in India.[4]

Club Mahindra Resorts[edit]

Club Mahindra resort in Munnar

Club Mahindra operates over 110 resorts in India and overseas destinations and is affiliated with over 4,500 RCI resorts. It is the world's largest vacation ownership brand outside the United States (US).[5]

Membership Details[edit]

Club Mahindra membership allows customers to avail of a week's holiday every year for 25 years based on eligibility and availability. The members may stay at Club Mahindra resorts, Holiday Club Oy resorts, or RCI-affiliated resorts by way of exchange. A ten-year option is also available for the members. Members opt for a specific season and apartment at the time of buying the membership. They may choose to plan their stay outside their season and apartment under the exchange program or carry forward their annual entitlements, subject to certain limits. The holiday seasons are divided into the four types: Purple, Red, White and Blue.[6]

Acquisitions[edit]

  • In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy.[7]
  • In June 2014, the company acquired Finland-based Holiday Club Resorts for ₹ 600 crore.[8]
  • In 2015, MHRIL increased its stake in Holiday Club Resorts Oy to 88 percent.
  • In 2016, MHRIL signed a pact to buy 12 percent stake in Nreach Online Services.[9]
  • In 2017, MHRIL increased its stake in Finland's Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent.[10]
  • In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka.[11]
  • In 2018, Suha Travel & Tours W.L.L[12] Became The Official Distribution Partner In The Kingdom Of Bahrain

References[edit]

  1. ^ "Club Mahindra plans expansion on 10th anniversary".
  2. ^ a b c d e "Club Mahindra 2021-22 Annual Report" (PDF). bseindia.com. p. 24.
  3. ^ Merwin, Radhika (30 August 2015). "Should you sign up for timeshares?".
  4. ^ "Mahindra Holidays & Resorts - Locations".
  5. ^ "Mahindra Holidays & Resorts India Ltd". Business Standard India. Archived from the original on 3 January 2017.
  6. ^ "Explore Club Mahindra Membership for Fun-Filled Family Holidays". Archived from the original on 22 December 2017.
  7. ^ "Mahindra Holidays to hike stake in Holiday Club Resorts to 88%". Archived from the original on 22 December 2017.
  8. ^ "Mahindra buys Finnish company Holiday Club for Rs 600 crore – Times of India". The Times of India. 8 July 2014. Archived from the original on 4 February 2017.
  9. ^ "Mahindra Holidays to acquire 12% stake in Nreach". Business Standard India. Press Trust of India. October 2016. Archived from the original on 22 December 2017.
  10. ^ "Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts". 11 January 2017. Archived from the original on 22 December 2017.
  11. ^ "Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts". Archived from the original on 22 December 2017.
  12. ^ c. "Club Mahindra". Facebook.[dead link]
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