Mahindra Holidays & Resorts sees 85% occupancy

NEW DELHI: Mahindra Holidays & Resorts India expects occupancy levels for the fiscal to be around 85% with a rising trend of shorter holidays, according MD and CEO Manoj Bhat.

The company, which witnessed 90% resort occupancy on an expanded inventory base in the first quarter of this fiscal, expects it to be softer in the second quarter.

"Q1 is a peak quarter. Q2 will dip, Q3 will climb again. So it's a bit seasonal, but overall for the year, we expect around 85% kind of occupancy," Bhat said.


He said factors like extreme heatwave coupled with the general elections were not much of an issue for Mahindra Holidays & Resorts India.

"For us, that is not so much a factor because for us there is steady member demand across the season," Bhat said, adding that the fluctuation in occupancies for the company ranges from 78-90%.

Macro economic factors like economic growth and increasing propensity of people to spend, better air and road connectivity are making people take family holidays more, thereby increasing occupancy, he added.