Mahindra Holidays & Resorts expects 85% occupancy this fiscal: MD & CEO

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Mahindra Holidays & Resorts expects 85% occupancy this fiscal: MD & CEO - Business Standard

Quick Summary:

Mahindra Holidays & Resorts India Ltd expects occupancy levels for the ongoing fiscal to be around 85 per cent on the back of steady demand from its members with a rising trend of shorter holidays, according to its Managing Director and CEO Manoj Bhat.

The company, which witnessed 90 per cent 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.

So it's a bit seasonal, but overall for the year, we expect around 85 per cent kind of occupancy," Bhat told PTI when asked about how the occupancy level is expected in the fiscal.