Club Mahindra Holidays
Indian holiday resort operator From Wikipedia, the free encyclopedia
Club Mahindra is an Indian hospitality company established on 20 September 1996. It is a subsidiary of the Mahindra Group and operates a timeshare network of resorts across India and internationally.[2]
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| Company type | Public |
|---|---|
| Industry | Hospitality |
| Founded | September 20, 1996 |
| Headquarters | India |
Area served | Worldwide |
Key people |
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| Products | Vacation Ownership (VO) |
| Revenue | ₹2,623 crore (US$310 million) (2023)[1] |
| ₹761 crore (US$89 million) (2023)[1] | |
| ₹115 crore (US$13 million) (2023)[1] | |
| Total assets | ₹9,317 crore (US$1.1 billion) (2023)[1] |
| Total equity | ₹390 crore (US$46 million) (2023)[1] |
| Parent | Mahindra Group |
| Website | www |
Resorts
As of 2024, Club Mahindra operates over 140 resorts globally.[3] In India, it has more than 80 resorts in diverse landscapes such as the Himalayas, beaches, hill stations, backwaters, deserts, and forests.[4] Internationally, Club Mahindra has properties across Europe, Scandinavia, Asia, Africa, and the Middle East.[4]
Acquisitions
- In 2014, MHRIL acquired an 18.8% stake in European company Holiday Club Resorts Oy.[5]
- In June 2014, MHRIL acquired Finland-based Holiday Club Resorts for ₹600 crore.[6]
- In 2015, MHRIL raised its stake in Holiday Club Resorts Oy to 88%.
- In 2016, it acquired a 12% stake in Nreach Online Services.[7]
- In 2017, the company increased its stake in Holiday Club Resorts Oy by 6.33%, bringing its total holding to 91.94%.[8]
- In 2017, MHRIL partnered with the Ideal Group of Companies to expand operations in Sri Lanka.[9]
- In 2018, Suha Travel & Tours W.L.L became the official distribution partner in Bahrain.[10]
References
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