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Mahindra Holidays to discontinue its travel related services

05 Nov 2014 Evaluate

Mahindra Holidays & Resorts India (MHRIL) has decided not to provide travel related services (TRS) to its vacation ownership members, employees and other corporate clients. This step has been taken by the company as part of its overall strategy. Travel Services will now be availed from Mercury Travels (Mercury).

As part of the transition, certain corporate clients of the erstwhile TRS have also agreed to avail the services of Mercury for their travel requirements. The TRS component of the company’s business is very minimal and consequently this transition to Mercury will not have any material bearing on the performance/operations of the company.

Mahindra Holidays & Resorts is India’s leading player in the vacation ownership industry offering quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand, the other brands offered by the company include Club Mahindra Fundays and Club Mahindra Travel.

Peers
Company Name CMP
The Indian Hotels Co 709.70
ITC Hotels 150.70
Mahindra Holi.&Resor 191.30
EIH 284.10
Chalet Hotels 832.65
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