Jump to content

Club Mahindra Holidays: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
→‎top: +{{mergeto|Mahindra Group|date=August 2017}}
VP101 (talk | contribs)
283 edits
Expanded the page and removed notability tags since I added more content with strong citations.
Line 1: Line 1:
{{mergeto|Mahindra Group|date=August 2017}}
{{mergeto|Mahindra Group|date=August 2017}}
{{notability|date=January 2017}}
{{Infobox company
{{Infobox company
| logo = [[File:Club Mahindra New Logo.jpg|150px]]
| logo = [[File:Club Mahindra New Logo.jpg|150px]]
Line 27: Line 26:
}}
}}


'''Club Mahindra Holidays''' is an Indian travel company founded in 1996. It is a part of the [[Mahindra Group]] and provides holidays on a [[timeshare]] basis.<ref>{{cite web|url=http://www.thehindubusinessline.com/portfolio/beyond-stocks/should-you-sign-up-for-time-shares/article7596676.ece|title=Should you sign up for time shares?|first=Radhika|last=Merwin|date=30 August 2015|publisher=}}</ref><ref>{{cite web|url=http://in.reuters.com/finance/stocks/overview?symbol=MAHH.BO|title=${Instrument_CompanyName} stock quote, ${Instrument_CompanyName} company overview|publisher=}}</ref> Presently, the company operates 50 resorts across India and abroad.<ref>{{cite web|url=http://www.dnaindia.com/money/report-mahindra-holidays-plans-redux-overseas-1145629|title=Mahindra Holidays plans redux overseas – Latest News & Updates at Daily News & Analysis|date=17 January 2008|publisher=}}</ref> It is also a [[RCI (company)|Resorts Condominium International (RCI)]] and Dial an Exchange affiliate.<ref>{{cite web|url=http://www.clubmahindra.com/IR_files/Investor%20Presentation%20MHRIL_H1_F11.pdf |title=Archived copy |accessdate=February 23, 2011 |deadurl=yes |archiveurl=https://web.archive.org/web/20101214015724/http://clubmahindra.com/IR_files/Investor%20Presentation%20MHRIL_H1_F11.pdf |archivedate=December 14, 2010 }}</ref>
'''Club Mahindra Holidays''' is an Indian travel company founded in 1996. It is a part of the [[Mahindra Group]] and provides holidays on a [[timeshare]] basis. <ref>{{cite web|url=http://www.thehindubusinessline.com/portfolio/beyond-stocks/should-you-sign-up-for-time-shares/article7596676.ece|title=Should you sign up for time shares?|first=Radhika|last=Merwin|date=30 August 2015|publisher=}}</ref> 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 quality family holidays primarily through vacation ownership memberships for over a period of 25/10 years. <ref>{{cite web|title=Leisure with Mahindra Holidays & Resorts|url=https://www.outlookindia.com/outlookmoney/investment-ideas/leisure-with-mahindra-holidays-resorts-2083}}</ref>


==History==
==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 50 resorts. <ref>{{cite web|title=Mahindra Holidays & Resorts India Ltd.|url=https://economictimes.indiatimes.com/mahindra-holidays-&-resorts-india-ltd/infocompanyhistory/companyid-16639.cms}}</ref>
After being incorporated in September 1996 as a [[private limited company]], Mahindra Holidays was converted into a public limited company in 1998 and was renamed as Mahindra Holidays & Resorts India Ltd.<ref>{{cite web|url=http://www.business-standard.com/company/mahindra-holiday-18268/information/company-history|title=Mahindra Holidays & Resorts India Ltd.|publisher=|via=Business Standard}}</ref>


MHRIL’s parent company, Mahindra Group is a USD 19 billion multinational company. The parent company employs 2 lakh people across 100 countries in the world. <ref>{{cite web|title=Mahindra Sells 16257 Units in Domestic Market|url=http://www.thehindubusinessline.com/multimedia/archive/01705/Click_here_for_pdf_1705687a.pdf}}</ref>
⚫
==Acquisitions==

⚫
In June 2014, the company acquired [[Finland]]-based Holiday Club Resorts for {{INR}} 600 crore.<ref>{{cite web|url=http://timesofindia.indiatimes.com/business/india-business/Mahindra-buys-Finnish-company-Holiday-Club-for-Rs-600-crore/articleshow/37987719.cms|title=Mahindra buys Finnish company Holiday Club for Rs 600 crore – Times of India|publisher=}}</ref>
==Club Mahindra Resorts==
Club Mahindra operates over 50 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). <ref>{{cite web|title=Mahindra Holidays & Resorts India Ltd.|url=http://www.business-standard.com/company/mahindra-holiday-18268/information/company-history}}</ref>

==Offerings==
MHRIL provides a range of products like Club Mahindra Holidays, Club Mahindra Fundays, Club Mahindra Bliss, Club Mahindra Experience breaks. Club Mahindra Holidays is involved in the vacation ownership segment wherein the Membership is provided for a period of 25 years. Club Mahindra Fundays is for corporate holidays based on a point system. Club Mahindra Bliss is a ten-year product based on point-based system for holidayers aged above 50 years. <ref>{{cite web|title=Mahindra Holidays & Resorts India Ltd Summary|url=https://www.indiainfoline.com/company/mahindra-holidays-resorts-india-ltd/summary/18268}}</ref>

==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. <ref>{{cite web|title=Explore Club Mahindra Membership for Fun-Filled Family Holidays|url=http://www.clubmahindra.com/membership/overview}}</ref>
⚫
==Acquisitions ==
*In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy <ref>{{cite web|title=Mahindra Holidays to hike stake in Holiday Club Resorts to 88%|url=http://www.dnaindia.com/money/report-mahindra-holidays-to-hike-stake-in-holiday-club-resorts-to-88-2094114}}</ref>
⚫
*In June 2014, the company acquired [[Finland]]-based Holiday Club Resorts for {{INR}} 600 crore.<ref>{{cite web|url=http://timesofindia.indiatimes.com/business/india-business/Mahindra-buys-Finnish-company-Holiday-Club-for-Rs-600-crore/articleshow/37987719.cms|title=Mahindra buys Finnish company Holiday Club for Rs 600 crore – Times of India|publisher=}}</ref>
*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 <ref>{{cite web|title=Mahindra Holidays to acquire 12% stake in Nreach|url=http://www.business-standard.com/article/pti-stories/mahindra-holidays-to-acquire-12-stake-in-nreach-116100100663_1.html}}</ref>
*In 2017, MHRIL increased its stake in Finland’s Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent <ref>{{cite web|title=Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts|url=http://www.zeebiz.com/companies/news-mahindra-holidays-buys-additional-633-stake-in-holiday-club-resorts-10608}}</ref>
*In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka <ref>{{cite web|title=Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts|url=http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=174107}}</ref>

==Awards and Achievements==
*In 2017, Mahindra Holidays was credited as ‘India’s Favorite Resort Chain’ by HolidayIQ <ref>{{cite web|title=Mahindra Holidays voted as India’s Favorite Resort Chain at the HolidayIQ Awards|url=https://www.voyagersworld.in/article/mahindra-holidays-voted-india%E2%80%99s-favorite-resort-chain-holidayiq-awards}}</ref>
*In 2017, MHRIL received the Golden Peacock Award for Sustainability <ref>{{cite web|title=Mahindra Holidays wins the Award for Sustainability|url=http://indiacsr.in/mahindra-holidays-wins-award-sustainability/}}</ref>
*In 2009, Brand Council of India chose Club Mahindra Holidays as a Consumer Superbrand <ref>{{cite web|title=Mahindra Holidays & Resorts India Ltd.|url=http://aifl.net/CompanyProfile/Company_Profile.aspx?id=93&FinCode=200082}}</ref>
*In 2009, Club Mahindra Munnar resort received the RCI Gold Crown Award for the tenth year in a row <ref>{{cite web|title=Club Mahindra Lakeview wins RCI Gold Crown Award|url=http://www.business-standard.com/article/press-releases/club-mahindra-lakeview-wins-rci-gold-crown-award-109010701103_1.html}}</ref>
*Coorg, Munnar, and Goa resorts accredited with 5-star rating by the Department of Tourism, Government of India <ref>{{cite web|title=Stock Exchange Bureau of India - MAHINDRA HOLIDAYS & RESORTS INDIA LIMITED|url=http://www.sebi.gov.in/sebi_data/attachdocs/1291959344466.pdf}}</ref>


==References==
==References==

Revision as of 09:43, 19 December 2017

Mahindra Holidays & Resorts India Ltd. (MHRIL)
Company typeResorts
NSE: MHRIL
BSE: 533088[1]
IndustryHospitality
Founded1996
Area served
Worldwide
ProductsVacation Ownership (VO)
₹243.15 crore (FY16)[2]
ParentMahindra Holidays & Resorts India Limited
Websitewww.clubmahindra.com

Club Mahindra Holidays is an Indian travel 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 quality 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 50 resorts. [5]

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

Club Mahindra Resorts

Club Mahindra operates over 50 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]

Offerings

MHRIL provides a range of products like Club Mahindra Holidays, Club Mahindra Fundays, Club Mahindra Bliss, Club Mahindra Experience breaks. Club Mahindra Holidays is involved in the vacation ownership segment wherein the Membership is provided for a period of 25 years. Club Mahindra Fundays is for corporate holidays based on a point system. Club Mahindra Bliss is a ten-year product based on point-based system for holidayers aged above 50 years. [8]

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. [9]

Acquisitions

  • In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy [10]
  • In June 2014, the company acquired Finland-based Holiday Club Resorts for ₹ 600 crore.[11]
  • 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 [12]
  • In 2017, MHRIL increased its stake in Finland’s Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent [13]
  • In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka [14]

Awards and Achievements

  • In 2017, Mahindra Holidays was credited as ‘India’s Favorite Resort Chain’ by HolidayIQ [15]
  • In 2017, MHRIL received the Golden Peacock Award for Sustainability [16]
  • In 2009, Brand Council of India chose Club Mahindra Holidays as a Consumer Superbrand [17]
  • In 2009, Club Mahindra Munnar resort received the RCI Gold Crown Award for the tenth year in a row [18]
  • Coorg, Munnar, and Goa resorts accredited with 5-star rating by the Department of Tourism, Government of India [19]

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 time shares?".
  4. ^ "Leisure with Mahindra Holidays & Resorts".
  5. ^ "Mahindra Holidays & Resorts India Ltd".
  6. ^ "Mahindra Sells 16257 Units in Domestic Market" (PDF).
  7. ^ "Mahindra Holidays & Resorts India Ltd".
  8. ^ "Mahindra Holidays & Resorts India Ltd Summary".
  9. ^ "Explore Club Mahindra Membership for Fun-Filled Family Holidays".
  10. ^ "Mahindra Holidays to hike stake in Holiday Club Resorts to 88%".
  11. ^ "Mahindra buys Finnish company Holiday Club for Rs 600 crore – Times of India".
  12. ^ "Mahindra Holidays to acquire 12% stake in Nreach".
  13. ^ "Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts".
  14. ^ "Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts".
  15. ^ "Mahindra Holidays voted as India's Favorite Resort Chain at the HolidayIQ Awards".
  16. ^ "Mahindra Holidays wins the Award for Sustainability".
  17. ^ "Mahindra Holidays & Resorts India Ltd".
  18. ^ "Club Mahindra Lakeview wins RCI Gold Crown Award".
  19. ^ "Stock Exchange Bureau of India - MAHINDRA HOLIDAYS & RESORTS INDIA LIMITED" (PDF).
Stub icon 1 Stub icon 2

This article about an Indian company is a stub. You can help Wikipedia by expanding it.

Retrieved from "https://en.wikipedia.org/w/index.php?title=Club_Mahindra_Holidays&oldid=816108513"