Mahindra Holidays scouts for acquisitions amid coronavirus pandemic

Occupancy at properties in driveable locations surges at 80-90% of pre-Covid levels

At a time when most of the hospitality firms are witnessing falling occupancy rates and are busy taking stock of the losses caused by the coronavirus (Covid-19) pandemic, Mahindra Holidays & Resorts India Ltd (MHRIL) is scouting for resorts it can acquire as part of its expansion plan.

“We are looking for acquisitions. This will include resorts at leisure destinations,” said Kavinder Singh, managing director & chief executive officer at MHRIL. It is a part of the company’s expansion plan and MHRIL plans to have close to 5,300 rooms in the next 3- 4 years from the current 3,700 rooms,