Despite Covid-19, Club Mahindra to push for expansion with Rs 1K cr capex

Shorter-term membership packages may be considered

Despite the downturn and the paralysis in the hospitality sector, Mahindra Holidays & Resorts, the country’s only publicly-traded company that sells time-shares for vacation packages will utilise Rs 1,000 crores in capex for new assets and enhancing existing inventory over the next two years. 

"The immediate challenges, however, do include reduced unit realisation as members go for three-year membership packages as opposed to the historical 25-year packages that the company has been selling to members", said Arun Nanda, Chairman of Club Mahindra. “The 3-year memberships will be the way forward”, he added.

What about reducing the term of membership to