Mahindra Holidays net profit up by 12 per cent

MHRIL announced its Q1 operating Income at Rs157.00 Crs, an up of 25 % over the same quarter last year

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Mahindra Holidays and Resorts India Ltd. (MHRIL), one of India’s leading leisure hospitality providers and part of the $15.4bn Mahindra Group, announced its Q1 operating Income at Rs157.00 Crs. It is up by 25 % over the same quarter last year. The net profit after tax (PAT) was at INR 19.00 Crs., up 12% over the same quarter last year.

In the last quarter MHRIL has continued its focus on investments in room inventory and in increased member engagement through the use of technology and trained manpower. Long term investments in Greenfield resorts and land banks, along with short term investments in upgradation of both resort and IT infrastructure and refurbishment continue. Club Mahindra Kumarakom, acquired and opened to members in the last quarter, recorded 94% occupancy. Club Mahindra Mahabaleshwar was readied for opening in the first week of July.

Arun Nanda, Chairman, MHRIL said, “The success of our business depends on continued investments in resorts, technology, skilled manpower and training, to remain up to date with consumer expectations. The growing leisure travel market is seeing newer demands and trends, more discerning consumers insisting on quality, value and differentiated experiences. As leaders in leisure hospitality, consumers look to us to provide what they seek, and we remain committed to meet their expectations.”

‘Member First’ an organization wide initiative, started last year, to keep up with member expectations, continues to gain momentum. MHRIL is monitoring critical measures to evaluate and record member delight.  In the last quarter, confirmed member holidays registered an increase of 43% over last year for the same quarter. An innovative online reservations facility was added to the new website launched in end April 2012. This has seen huge endorsement from members and currently accounts for an impressive 26% of all reservations. To ensure that member complaints and queries are addressed on time a revamped grievance redressal procedure has been included on the website.

Holiday planning has centered around effective communication about the awareness and attractiveness of new destinations that have been consistently added to the network as per a report in IndiaOnline. This has been actively campaigned to members, along with information on available rooms at these resorts. Over 8000 room nights were booked by 1500 members, in a season considered off peak historically.

Rajiv Sawhney, MD, MHRIL said, “Member First is the anthem throughout the organization and we promise to use every process and technology to make this come alive. Response from members to new additions in our resort network, the online booking module, holiday planning initiatives, the grievance redressal process has been very encouraging and we will keep building on our efforts.”

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