Mahindra Holiday Shares in Focus: Eyes 10,000-Room Portfolio by 2030.

Mahindra Holidays & Resorts India Ltd (MHRIL) is set to add approximately 850 rooms in FY26. As mentioned in the various news reports, this expansion is a part of its long-term vision to expand its total inventory to 10,000 rooms by 2030, quoted by Managing Director and CEO Manoj Bhat.

Following a record addition of 520 rooms in FY25—the company’s highest to date—Bhat confirmed that the upcoming financial year will witness even greater expansion. “FY25 marked our highest-ever room additions, and FY26 will surpass that. We expect to add about 850 rooms, with openings staggered across all four quarters”

Operating under its flagship brand Club Mahindra, MHRIL currently manages around 5,800 rooms. By the end of FY26, the company anticipates reaching a portfolio size of between 6,500 and 6,600 rooms.

Focus on Increasing Capital Expenditure

Capital expenditure is also expected to rise significantly in FY26. While the company spent ₹300 crore in FY25, Bhat indicated that next year’s capex could potentially double, subject to timely regulatory approvals. “We don’t commit to specific figures because approvals play a crucial role. However, it’s likely that our spending will exceed FY25 levels,” he said. “If all goes well, we might even see capex double, as it will cover both new room additions and resort renovations.”

In terms of financial performance, MHRIL posted strong growth in domestic resort revenue, registering a 12% increase in Q3 and 14% in Q4 of FY25. Bhat expressed confidence in maintaining this growth trajectory while sharpening focus on profitability. “We’ve already seen a sharp improvement in margins, and this momentum will continue in FY26,” he added.

Also Read: Club Mahindra Added 6 New Resorts to Its Portfolio.

To support its growth ambition, MHRIL has previously announced an investment plan of up to ₹4,500 crore over the next three to four years to reach its 10,000-room goal by FY30. As for occupancy rates, Bhat expects them to remain steady at 83–85%, in line with robust domestic travel demand. “While the number of rooms and overall volume will grow, occupancy as a percentage is likely to stay consistent,” he noted.

Conclusion

The expansion plan of Mahindra Holidays & Resorts India Ltd set the growth stage for the business in FY26 as the company is following its previous year record expansion momentum.

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