All the numbers here I have taken from Mahindra Holidays' draft prospectus with the SEBI for their upcoming IPO.
Facts:
"Currently, we have a total of 21 resorts across India and Thailand, of which we own seven properties. Our Resorts (resorts owned by us or on long term lease with us) contribute an aggregate of 639 apartments and cottages of a total of 736 apartments and cottages owned or leased by us."
"Club Mahindra Holiday membership currently entitles members the choice of holidaying at any of our 19 resorts, for seven days each year, in a season and apartment type of their choice, for 25 years. ... ... As of October 31, 2007, we have 63,375 Club Mahindra Holiday vacation ownership members."
Conclusion/Observations:
63,375 ( Members)
_______________ = 1218 apartments
52 ( weeks in a year)
Facts:
Mahindra Holidays Owned Resorts
Long term leased
Short term leased
Conclusion/Observations:
Other related articles
Facts:
"Currently, we have a total of 21 resorts across India and Thailand, of which we own seven properties. Our Resorts (resorts owned by us or on long term lease with us) contribute an aggregate of 639 apartments and cottages of a total of 736 apartments and cottages owned or leased by us."
"Club Mahindra Holiday membership currently entitles members the choice of holidaying at any of our 19 resorts, for seven days each year, in a season and apartment type of their choice, for 25 years. ... ... As of October 31, 2007, we have 63,375 Club Mahindra Holiday vacation ownership members."
Conclusion/Observations:
- Out of these 21 resorts 2 resorts are for Zest members so ClubMahindra Members has total 19 resorts (707 apartments) for their use.
- ClubMahindra does not maintain apartment inventory matching their growing member base.
63,375 ( Members)
_______________ = 1218 apartments
52 ( weeks in a year)
- Club Mahindra has 707 apartment compared to required 1218 apartment. - Bad
Facts:
Mahindra Holidays Owned Resorts
Resort
|
Capacity
|
Cumulative Capacity
| |
1
|
205
|
205
| |
2
|
Coorg, Karnataka
|
122
|
327
|
3
|
Munnar, Kerala
|
112
|
439
|
4
|
Binsar, Uttaranchal
|
36
|
475
|
5
|
Manali, HP
|
33
|
505
|
6
|
Ashtamudi, Kerala
|
26
|
531
|
7
|
Manipur Villa, Binsar
|
5
|
536
|
Long term leased
Resort
|
Capacity
|
Cumulative Capacity
| |
8
|
Auli,
|
10
|
546
|
9
|
6
|
552
| |
10
|
Corbett, Uttaranchal
|
4
|
556
|
11
|
Dharamshala, Himachal
|
23
|
579
|
12
|
Kodaikanal, TamilNadu
|
11
|
590
|
13
|
Mussoorie, Uttaranchal
|
19
|
609
|
14
|
6
|
615
| |
15
|
Poovar, Kerala
|
6
|
621
|
16
|
Ooty, Tamil Nadu
|
15
|
636
|
Short term leased
Resort
|
Capacity
|
Cumulative Capacity
| |
17
|
Jaipur, Rajasthan
|
5
|
641
|
18
|
Yercaud, Tamil Nadu
|
10
|
651
|
19
|
Panchgini,
|
20
|
671
|
20
|
Mahabaleshwar,
|
10
|
681
|
21
|
Kodai Hill Country, Tamil Nadu
|
26
|
707
|
Conclusion/Observations:
62.1% capacity is 5 star certified -
|
Good
|
3 resorts has 62.1% of total capacity
|
Bad
|
3 resorts are 5 star certified
5 resorts are RCI Gold Crowned
|
OK
Good
|
All other resorts (18) are 3 star quality only
|
Bad
|
75% capacity is in self owned resorts
|
Good
|
24.9% capacity is distributed among 15 resorts
|
Bad
|
Other related articles
- My observation with Club Mahindra Membership
- ClubMahindra sold me bonus weeks as if these are equal to Red weeks
- Club Mahindra sales staff promises Moon to Customer
- What are you paying for your Timeshare Membership?
- General public tariff plan of different resorts leased by ClubMahindra
- There are 51 consumer suits against Club Mahindra
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