All the numbers here I have taken from Mahindra Holidays’ draft prospectus with the SEBI for their upcoming IPO.
What are those number, What does it mean to you:
Out of these 21 resorts 2 resorts are for Zest members so ClubMahindra Members has total 19 resorts(707 apartments) for their use.
ClubMahindra does not maintain apartment inventory matching their growing member base.
*63, 375( Members)
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52( weeks in a year) *
*= 1218 apartments
Club Mahindra has 707 apartment compared to required 1218 apartment. - **Bad
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Draft prospectus with the SEBI has following information, for easy reading I have added "Cumulative Capacity" column.
Mahindra Holidays Owned Resorts
Resort Capacity /Cumulative Capacity
1 Goa 205 /205
2 Coorg 122/327
3 Munnar 112/439
4 Binsar 36/475
5 Manali 33/505
6 Ashtamudi 26/531
7 Binsar 5/536
Long term leased
8 Auli 10/546
9 Bangkok 6/552
10 Corbett 4/556
11Dharamshala 23/579
12 Kodaikanal 11/590
13 Mussoorie 19/609
14 Pattaya 6/615
15 Poovar 6/621
16 Ooty 15/636
Short term leased
17 Jaipur 5/641
18 Yercaud 10/651
19 Panchgini 20/671
20 Mahabaleshwar 10 /681
21 Kodai 26/707
What does it mean to you?
71.4% capacity is 5 star certified - Good
3 resorts has 62.1% of total capacity Bad
(What does it mean: you will keep visiting same resorts again and again)
5 resorts are RCI Gold Crowned -** Good
All other resorts(18) are 3 star quality only - **Bad
75% capacity is in self owned resorts - Good
24.9% capacity is distributed among 15 resorts - Bad
(What does it mean: There are may resort where Club Mahindra has not more then 10 units, it will be difficult to get booking in these resorts)
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I have more to share, read @
My evaluation of ClubMahindra timeshare membership
My observation with Club Mahindra Membership https://what-goes-in-my-mind.blogspot.com/2007/09/my-observation-with-club-mahindra.html
Table to calculate value of your money compared to membership value.
What are you paying for your Timeshare Membership?https://what-goes-in-my-mind.blogspot.com/2007/09/what-are-you-paying-for-your-timeshare.html
List of some of the resorts(Leased by the ClubMahindra for short term) and their tariff plan.
General public tariff plan of different resorts leased by ClubMahindra https://what-goes-in-my-mind.blogspot.com/2007/12/general-public-tariff-plan-of-different.html
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*From Mahindra Holidays’ draft prospectus to SEBI
* "Currently, we have a total of 21 resorts across India and Thailand, of which we own seven properties. Our Resorts(resorts owned by us or on long term lease with us) contribute an aggregate of 639 apartments and cottages of a total of 736 apartments and cottages owned or leased by us."
"Club Mahindra Holiday membership currently entitles members the choice of holidaying at any of our 19 resorts, for seven days each year, in a season and apartment type of their choice, for 25 years. . . As of October 31, 2007, we have 63, 375 Club Mahindra Holiday vacation ownership members."