Club Mahindra Holidays

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Mahindra Holidays & Resorts India Ltd. (MHRIL)
TypeResorts
NSE: MHRIL
BSE: 533088[1]
IndustryHospitality
FoundedSeptember 20, 1996
Area served
Worldwide
Key people
Arun Kumar Nanda (Chairman)
Kavinder Singh (MD and CEO)
ProductsVacation Ownership (VO)
₹243.15 crore (FY16)[2]
ParentMahindra Group
Websitewww.clubmahindra.com

Club Mahindra Holidays is an Indian Hospitality company founded in 1996. It is a part of the Mahindra Group and provides holidays on a timeshare basis.[3] Mahindra Holiday & Resorts India Limited (MHRIL) is a part of the Leisure and Hospitality sector of the Mahindra Group. Vacation ownership is its key offering and "Club Mahindra" is its flagship brand. MHRIL offers family holidays primarily through vacation ownership memberships for over a period of 25/10 years.[4]

History[]

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 the year 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 more than 100 resorts, including 66 across India.[5]

MHRIL's parent company, Mahindra Group is a US$19 billion multinational company. The parent company employs 2 lakh people across 100 countries in the world.[6]

Club Mahindra Resorts[]

Club Mahindra resort in Munnar

Club Mahindra operates over 100+ 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).[7]

Membership Details[]

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.[8]

Acquisitions[]

  • In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy.[9]
  • In June 2014, the company acquired Finland-based Holiday Club Resorts for ₹ 600 crore.[10]
  • 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.[11]
  • In 2017, MHRIL increased its stake in Finland's Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent.[12]
  • In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka.[13]

References[]

  1. ^ "Club Mahindra plans expansion on 10th anniversary".
  2. ^ "Mahindra Holidays Q3 PAT up 14.6% at Rs 35.54 crore – The Economic Times".
  3. ^ Merwin, Radhika (30 August 2015). "Should you sign up for timeshares?".
  4. ^ "Leisure with Mahindra Holidays & Resorts". Archived from the original on 22 December 2017.
  5. ^ "Mahindra Holidays & Resorts - Locations".
  6. ^ "Mahindra Sells 16257 Units in Domestic Market" (PDF). Archived (PDF) from the original on 15 June 2018.
  7. ^ "Mahindra Holidays & Resorts India Ltd". Archived from the original on 3 January 2017.
  8. ^ "Explore Club Mahindra Membership for Fun-Filled Family Holidays". Archived from the original on 22 December 2017.
  9. ^ "Mahindra Holidays to hike stake in Holiday Club Resorts to 88%". Archived from the original on 22 December 2017.
  10. ^ "Mahindra buys Finnish company Holiday Club for Rs 600 crore – Times of India". Archived from the original on 4 February 2017.
  11. ^ "Mahindra Holidays to acquire 12% stake in Nreach". Archived from the original on 22 December 2017.
  12. ^ "Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts". Archived from the original on 22 December 2017.
  13. ^ "Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts". Archived from the original on 22 December 2017.
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