Club Mahindra Holidays Explained
| Mahindra Holidays & Resorts India Ltd. (MHRIL) |
| Type: | Resorts |
| Traded As: | [1] |
| Area Served: | Worldwide |
| Revenue: | (2023)[2] |
| Operating Income: | (2023) |
| Net Income: | (2023) |
| Assets: | (2023) |
| Equity: | (2023) |
| Industry: | Hospitality |
| Products: | Vacation Ownership (VO) |
| Parent: | Mahindra Group |
Club Mahindra is an Indian hospitality company founded in 1996. It 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
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
- 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
Notes and References
- Web site: Club Mahindra plans expansion on 10th anniversary.
- Web site: Club Mahindra 2021-22 Annual Report . bseindia.com . 24.
- Web site: Should you sign up for timeshares?. Radhika. Merwin. 30 August 2015.
- News: Mahindra Holidays & Resorts India Ltd.. Business Standard India . live. https://web.archive.org/web/20170103165024/http://www.business-standard.com/company/mahindra-holiday-18268/information/company-history. 2017-01-03.
- Web site: Mahindra Holidays to hike stake in Holiday Club Resorts to 88%. live. https://web.archive.org/web/20171222060848/http://www.dnaindia.com/money/report-mahindra-holidays-to-hike-stake-in-holiday-club-resorts-to-88-2094114. 2017-12-22.
- News: Mahindra buys Finnish company Holiday Club for Rs 600 crore – Times of India. . 8 July 2014 . live. https://web.archive.org/web/20170204163501/http://timesofindia.indiatimes.com/business/india-business/Mahindra-buys-Finnish-company-Holiday-Club-for-Rs-600-crore/articleshow/37987719.cms. 2017-02-04.
- News: Mahindra Holidays to acquire 12% stake in Nreach. Business Standard India . October 2016 . live. https://web.archive.org/web/20171222053139/http://www.business-standard.com/article/pti-stories/mahindra-holidays-to-acquire-12-stake-in-nreach-116100100663_1.html. 2017-12-22. Press Trust of India .
- Web site: Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts. 11 January 2017 . live. https://web.archive.org/web/20171222052114/http://www.zeebiz.com/companies/news-mahindra-holidays-buys-additional-633-stake-in-holiday-club-resorts-10608. 2017-12-22.
- Web site: Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts. live. https://web.archive.org/web/20171222051518/http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=174107. 2017-12-22.
- Web site: c . Club Mahindra . .
