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
CapitaLand Investment’s lodging business, The Ascott Limited, reports it is on track to reach 160,000 keys by the end of this year.
CapitaLand Investment’s The Ascott Limited has unveiled a brand refresh for Somerset Serviced Residences.
Hotel chains looking at Malaysia for further expansion are likely to welcome the country’s push to attract more digital nomads.
According to the TOPHOTELPROJECTS construction database, the Somerset Serviced Residence brand is set to open more than 40 new properties.
According to insight from the TOPHOTELPROJECTS construction database, Italy expects to welcome 108 new four- and five-star hotels housing a total of 16,769 rooms.
Vietnam is set to welcome 54,038 new rooms according to insight from the TOPHOTELPROJECTS construction database.
The metropolis linking Hong Kong to China’s mainland is set to welcome 44 new hotels over the coming years.
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.
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