| Vacation Ownership India | Vacation ownership memberships, holiday stays, curated experiences, and travel services. | Strong brand, extensive resort network, long-term member relationships, and integrated travel offerings. | B2C families and leisure travelers primarily in India seeking affordable and diverse holiday options. | Membership upgrades, resort ancillary services like F&B and experiences. | 1562 | 53 | Membership sales, annual subscription fees, resort usage charges, and travel-related service fees. | Fixed subscription fees for membership tenure, additional service fees, and product upgrades. | Rising household incomes, increasing leisure travel, new resort openings, and innovative membership plans. | Club Mahindra Holidays, Zest, Club Mahindra Fundays, Mahindra Homestays |
| Holiday Club Resorts Europe | Timeshare and spa hotel operations across Finland, Sweden, and Spain. | Market leadership in Finnish timeshare business and diversified spa hotel portfolio. | B2C timeshare owners and leisure travelers in Europe. | Hotel and timeshare rental income segments. | 1348 | 46 | Timeshare sales, hotel stays, rentals, and real estate management fees. | Membership sales and annual fees with hotel room rentals. | Stable leisure travel demand in Europe, spa resort popularity, and acquisition-led growth. | Holiday Club Resorts Oy |
