Mahindra Holidays & Resorts India has announced plans to expand its room by 1,000 units by March 2026.
The company is preparing to capitalise on the demand in the hospitality sector, according to managing director and CEO Manoj Bhat, reported PTI.
Known for its flagship Club Mahindra brand, the company currently has 5,698 rooms across 126 resorts. It also has a growth plan to introduce 15 new destinations within the next five quarters.
Mahindra Holidays & Resorts managing director and CEO Manoj Bhat was quoted by PTI as saying: "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."
"So we are actually going at it at a very good pace in terms of readying ourselves to meet the demand" in response to queries about accelerating capacity addition, which is 17%-18% in terms of room count."
In FY 2025, nine new destinations have been added to the company's portfolio. Ongoing projects in India include a 236-key property in Ganapatipule, Maharashtra, and a 157-room resort in Theog, Himachal Pradesh.
Brownfield expansions are also underway in Kandaghat, Himachal Pradesh, and Jaipur. Mahindra Holidays has set a goal of reaching a room count of 10,000 by FY 2030.
In response to the demand outlook, Bhat said: "Broadly speaking demand trends will continue intact for us going into Q4 and even forward for which we are planning. We are not seeing that the trend will change anytime soon."
The third quarter of the fiscal year saw the company achieve an occupancy rate of 84.2%, slightly higher than the same period in the previous year.
The addition of new destinations continues to contribute to this positive momentum, the company stated.
Bhat also highlighted the impact of “improved” connectivity and infrastructure on travel habits.
He noted that their clientele, who typically pay for holidays in advance, are inclined towards shorter but more frequent breaks.
Bhat added: "The collaboration with state governments to develop the top 50 tourist destinations, support for skilling the workforce, and push for enhanced connectivity will further strengthen the sector.”
Last May, Club Mahindra partnered with Megalodon to integrate AI into its marketing strategies.
