Resorts In India

Mahindra Holidays eyes to open first luxury Signature Resort in FY27

Mahindra Holidays & Resorts India Ltd expects to open the first property under its luxury leisure hospitality brand 'Mahindra Signature Resorts' in the later part of FY27, according to its Managing Director & CEO Manoj Bhat. The company, which last week announced plans to enter the luxury leisure hospitality segment, has earmarked an investment of Rs 1,000 crore for the same. With its foray into the leisure hospitality segment, Mahindra Holidays & Resorts India Ltd (MHRIL) has increased its total number of targeted rooms to 12,000 by FY30, across the new and existing vacation ownership businesses, from the previously announced 10,000 keys. "The first location will be at Theog in Himachal Pradesh, and then we are looking at two to three priority regions. One is north India...then we are looking at one or two destinations in the south and a couple of destinations in Maharashtra right now," Bhat told PTI. He was responding to a query on the expansion plans for Mahindra ...

Mahindra Holidays to invest ₹1,000 cr as it enters leisure hospitality

Mahindra Holidays and Resorts India will invest ₹1,000 crore to set up Mahindra Hotels and Residences India and launch its new luxury brand, Mahindra Signature Resorts

Chalet Hotel launches premium lifestyle brand Athiva, eyes rapid expansion

The premium lifestyle brand ATHIVA will start with six hotels and 900 keys, as Chalet Hotels aims to double capacity and expand into Goa and Thiruvananthapuram

Ventive Hospitality to acquire 76% stake in Hilton Goa Resort owner

Ventive Hospitality will acquire a 76 per cent stake in Soham Leisure Ventures, owner of Hilton Goa Resort, in a Rs 320 crore deal marking its entry into the leisure hospitality market

Della Resorts joins Hiranandani JV for Pune project worth Rs 1,100 cr

Della Resorts has partnered with Hiranandani Communities and Krisala Developers to co-develop a 40-acre racecourse-themed township in Pune's North Hinjewadi

MHRIL Q4 results: Profit falls 12.31% to ₹72.95 cr on lower revenue

Mahindra Holidays & Resorts India Ltd on Friday reported a 12.31 per cent decline in consolidated profit after tax at Rs 72.95 crore in the fourth quarter ended March 31, 2025, impacted by lower revenue. The company had posted a consolidated profit after tax (PAT) of Rs 83.2 crore in the same quarter a year ago, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a regulatory filing. Consolidated revenue from operations in the fourth quarter stood at Rs 778.83 crore against Rs 800.19 crore in the year-ago period, it added. Total expenses in the fourth quarter stood at Rs 704.7 crore as compared to Rs 720.86 crore in the same period previous fiscal, the company said. In the fiscal ended March 31, 2025, PAT was at Rs 125.95 crore against Rs 116.05 crore in the previous year, MHRIL said. Consolidated revenue from operations in FY25 was at Rs 2,780.85 crore, from Rs 2,704.6 crore in the previous year. "Our network expansion momentum further gained pace with the addition of more .

Branded residences, resorts in India to hit $1 bn by 2027: Fine Acers

The market size of branded residences and resorts will reach USD 1 billion by 2027, luxury resort developer Fine Acres said on Tuesday. The market is expected to grow at 11-12 per cent in 2025-26 and 15 per cent by 2030, Fine Acres said in a statement. Domestic leisure and business travel will continue to be the primary demand driver while growing traction in the MICE (meetings, incentives, conventions and exhibitions) segment and pickup in foreign tourist arrivals will provide additional fillip, it added. The branded hotels segment registered a strong 17 per cent growth in the last fiscal. To meet the increasing demand, the pace of room additions, which has increased since last fiscal, is expected to pick up further and majorly through the asset-light management contract route, it stated. According to Fine Acers, the branded residences market is growing at 11 per cent YoY. However, a positive economic trend, urban affluence and demand for lifestyle investment properties are expec

Bhartiya Group to venture into resorts: Chairman Snehdeep Aggarwal

Residential, offices and resorts - three growth drivers over next 5 years, says group chairman

Thai hospitality chain Dusit re-enters India, to focus on Tier-II, III mkts

To work on asset-light model, open to investments in metro cities

Mahindra Holidays & Resorts India to add 1,000 rooms by Mar 2026: CEO Bhat

Mahindra Holidays & Resorts India Ltd will add 1,000 rooms to its portfolio by March 2026 as it gears up to meet robust demand, according to its Managing Director and CEO Manoj Bhat. The company, whose flagship brand Club Mahindra has 5,698 rooms across 126 resorts, is planning to add 15 new destinations in the next five quarters and is bullish that the several announcements made in the Union Budget 2025-26, including plans to develop top 50 tourist destinations and enhance connectivity will further strengthen the sector. "This year (fiscal) itself in the nine months, we have added 371 rooms which is more than (what the company added in) last full year and from January 2025 to March 2026, the plan is to add another 1,000 rooms," Bhat told PTI. The new capacity addition is almost close to 17-18 per cent in terms of room count, he said, adding, "So we are actually going at it at a very good pace in terms of readying ourselves to meet the demand." He was responding to a query on ...

Eco Hotels looks to become profitable by end of FY26; acquires 3 properties

Eco Hotels and Resorts Ltd looks to become profitable by the end of next fiscal and has acquired three properties with around 178 keys, according to a statement. The hospitality company which aims to develop eco-friendly properties with zero carbon footprint is also on course to hit 400-room capacity by month-end, the statement said. Eco Hotels & Resorts CFO Vikram Doshi said, We are committed to turn the company into profit by end of March 2026. We want to turn this company soon into one of the leading hotel companies of India. In its very first year of operation in India, Eco Hotels is setting new standards in sustainable hospitality, the official said. Eco Hotels has also announced the acquisition of three properties. These include a 90-room property in Mysore (Karnataka) a 44-room hotel at Tirupati (Andhra Pradesh), and another 44-room asset in Nagpur (Maharashtra). The company board recently approved the acquisition of these properties on a long-term lease basis. Moreover, .

Mahindra Holidays looks to take on titans with new resort venture

Plans to double room inventory to 10,000 units by 2030

Hotels, resorts sold out on high demand for Christmas-New Year celebrations

The domestic hospitality industry is gearing up to make the most of full-fledged Christmas and New Year celebrations this time around after two years of washout by the pandemic, with rooms at many hotels and resorts already sold out. As people seek to make up for the winter holidays lost to COVID-19, destinations like Karjat, Lonavala, Vizag, Dharamshala, Udaipur, Manali and Gir are witnessing good demand, apart from traditional popular places like Goa, Kerala and Shimla. "The year-end festive season looks very positive and this year appears to be one of the best years so far for the hospitality sector," Apeejay Surrendra Park Hotels Ltd Managing Director, Vijay Dewan told PTI in an e-mailed response. He further said, "All our hotels are gearing up for sold out spaces along with high occupancy in rooms. This year we have lined up some great events during Christmas and New Year's which the guests missed out during the last 2 years due to the pandemic." Mahindra Holidays & Resorts ..

Mahindra Holidays to invest Rs 1,500 crore on expansion in next 3 years

Mahindra Holidays & Resorts India Ltd plans to invest up to Rs 1,500 crore in the next three years in expansion, including room additions and resort acquisitions, according to company MD and CEO Kavinder Singh. The company is also considering launching a new upscale brand for managing resorts, through which it would also look to further grow its Club Mahindra memberships. "We are on a growth path. We have added 1,000-odd rooms in just about two and a half years," Singh told PTI. At present, Mahindra Holidays & Resorts India Ltd (MHRIL) has a total of about 4,700 rooms across 86 resorts -- 74 in India and 12 internationally, he added. When asked about future expansion, he said, "For us, we have to add resorts, that's the business we are in. We have a plan to easily add 1,200 to 1,500 rooms in about three years' time and that will happen at an estimated capital expenditure of about Rs 1,200 crore to Rs 1500 crore, which is sanctioned by the board". Among the major expansion ...

Mahindra Holidays & Resorts to add over 300 rooms by March

Mahindra Holidays & Resorts, which operates under the flagship Club Mahindra brand of membership-only resorts, plans to add over 300 rooms by March to take the overall inventory to 4,500 keys, a top company official has said. The Mahindra group firm had reported the highest quarterly profit of Rs 40.6 crore in the three months to September 2021 amid the pandemic that has hit the hospitality and tourism industry badly. It operates 78 properties offering 4,233 keys as of now and has been clocking about 80 per cent occupancy in the third quarter and hopes to better it going ahead provided there is no third wave and the resultant mobility curbs. "We started this fiscal with 4,197 rooms and we are on course to close the year with an inventory of 4,500 rooms. We are adding a little over 300 rooms to our existing properties at Assonora in Goa and Ganapatiphule in Maharashtra," Kavinder Singh, managing director and chief executive of Mahindra Holidays, told PTI. Refusing to give an exact .

Maharashtra hotels, resorts get lockdown blues as Covid-19 curbs return

Hotels had seen demand picking up in the winter of 2020, but restrictions imposed by local authorities have thwarted that

Chill, pump adrenaline or simply go local at these upscale hill resorts

While they seem to cost quite a packet at first glance, the plethora of activities they offer to both, the passive and the passionate vacationer, make them a great value proposition