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Club Mahindra Holidays

From Wikipedia - Reading time: 7 min

Mahindra Holidays & Resorts India Ltd. (MHRIL)
Company typeResorts
[1]
IndustryHospitality
FoundedSeptember 20, 1990; 34 years ago (1990-09-20)
Area served
Worldwide
Key people
  • Arun Kumar Nanda (Chairman)
  • Kavinder Singh (MD and CEO)
ProductsVacation Ownership (VO)
RevenueIncrease ₹2,623 crore (US$310 million) (2023)[2]
Increase ₹761 crore (US$91 million) (2023)[2]
Increase ₹115 crore (US$14 million) (2023)[2]
Total assetsIncrease ₹9,317 crore (US$1.1 billion) (2023)[2]
Total equityIncrease ₹390 crore (US$47 million) (2023) [2]
ParentMahindra Group
Websitewww.clubmahindra.com

Club Mahindra is an Indian hospitality company founded in 20 September 1996, which is a part of the Mahindra Group and provides family holidays on a membership basis for over a period of 25/10 years.[3]

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).[4]

Acquisitions

[edit]
  • In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy.[5]
  • In June 2014, the company acquired Finland-based Holiday Club Resorts for ₹ 600 crore.[6]
  • 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.[7]
  • In 2017, MHRIL increased its stake in Finland's Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent.[8]
  • In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka.[9]
  • In 2018, Suha Travel & Tours W.L.L[10] 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 India Ltd". Business Standard India. Archived from the original on 3 January 2017.
  5. ^ "Mahindra Holidays to hike stake in Holiday Club Resorts to 88%". Archived from the original on 22 December 2017.
  6. ^ "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.
  7. ^ "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.
  8. ^ "Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts". 11 January 2017. Archived from the original on 22 December 2017.
  9. ^ "Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts". Archived from the original on 22 December 2017.
  10. ^ c. "Club Mahindra". Facebook.[dead link‍]
Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Club_Mahindra_Holidays
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