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. Q2 will dip, Q3 will climb again. 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.
He said factors like the extreme heatwave this summer coupled with the general elections that impacted the wider hospitality industry 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 the ...
