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)
_______________
52 ( weeks in a year)

= 1218 apartments

Club Mahindra has 707 apartment compared to required 1218 apartment. - Bad

_____________________
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  Bed

3  resorts are 5 star certified -  OK


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

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I have much more to share like :

My evaluation of ClubMahindra timeshare membership
My observation with Club Mahindra Membership http://what-goes-in-my-mind.blogspot.com/2007/09/my-observation-with-club-mahind
ra.html

Table to calculate value of your money compared to membership value.
What are you paying for your Timeshare Membership?http://what-goes-in-my-mind.blogspot.com/2007/09/what-are-you-paying-
for-your-timeshare.html

List of some of the resorts (Lease by ClubMahindra for short term) and their tariff plan.
General public tariff plan of different resorts leased by ClubMahindra http://what-goes-in-my-mind.blogspot.com/2007/12/general-public-tariff-plan-of-d
ifferent.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."