The Ascott expands in Asia
Chris Bown
04 Oct 2024
Capitaland’s Ascott business is having a major growth push in southeast Asia, signing new aparthotels across its brand portfolio
Capitaland’s Ascott business is having a major growth push in southeast Asia, signing new aparthotels across its brand portfolio
A partnership with Chelsea football club is part of a push into Europe by The Ascott, as it grows its presence in key city centres
The latest information from the THP database reveals that at least 2,670 high end hotel projects are underway across the Asia Pacific region.
Citadines, the aparthotel brand of CapitaLand Investment Limited’s The Ascott lodging business, will welcome at least US$1.2 billion worth of new sites, according to calculations from the THP database.
CapitaLand Investment’s lodging business, The Ascott Limited, reports it is on track to reach 160,000 keys by the end of this year.
The Ascott Limited will launch its first property in Djibouti and 12th in Africa by entering into a partnership with local real estate group, Salaam Properties.
Citadines, the aparthotel brand of CapitaLand Investment Limited’s The Ascott lodging division, is maintaining its focus on its Asian home market in its upcoming projects.
CapitaLand Investment Limited’s The Ascott Limited division has unveiled a refresh of its Citadines aparthotel brand, while it has 80 properties under development across 56 cities.
Hotel chains looking at Malaysia for further expansion are likely to welcome the country’s push to attract more digital nomads.
A deep dive into the TOPHOTELPROJECTS construction database indicates that the country has 60 hotel schemes in the works, of which a third are located in the capital.
A look through the TOPHOTELPROJECTS construction database shows that 2021 will end with a host of big launches, especially in the rapidly expanding APAC region.
The TOPHOTELPROJECTS construction database shows that APAC’s hotel market will grow rapidly in the coming years, with China way out ahead in terms of new development.
The TOPHOTELPROJECTS construction database highlights that Austria’s well-established hotel market will grow further over the coming years, especially in the capital Vienna.
The TOPHOTELPROJECTS construction database shows that dozens of four- and five-star hotel schemes are being lined up in the country, with nearly a third earmarked for Manila.
The TOPHOTELPROJECTS construction database reveals that Thailand’s hotel pipeline is looking promising, with established travel destinations set to see the most rapid growth.
According to data in the TOPHOTELPROJECTS construction database, Citadines Apart’hotels will grow its footprint considerably in the coming years, especially in APAC.
A peek into the TOPHOTELPROJECTS construction database shows that South-East Asia’s hotel market looks very promising, with Thailand, Vietnam and Indonesia all growing rapidly.
According to the TOPHOTELPROJECTS construction database, 81 hotel schemes are currently on the cards across the Emerald Isle.
The TOPHOTELPROJECTS construction database reveals Citadines Apart’hotels will expand rapidly in the coming years, especially in APAC where the demand for serviced apartments is growing enormously.
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