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Ascott achieves record high signings of over 5,600 units in China despite Covid-19

Felicia Tan
Felicia Tan10/15/2020 08:33 AM GMT+08  • 3 min read
Ascott achieves record high signings of over 5,600 units in China despite Covid-19
Globally, Ascott secured new contracts for over 3,700 units including its foray into Austria and expansion in Indonesia.
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CapitaLand Limited’s wholly-owned lodging business unit, The Ascott Limited has secured over 2,100 new units across 12 properties in China in the last three months.

This brings the number of new units to 5,600 across 26 properties in the country, representing a 60% y-o-y growth and a record high for Ascott.

Globally, Ascott secured new contracts for over 3,700 units across 22 properties, with the majority of it from China at 60%, and the rest in other countries including its foray into Austria and expansion in Indonesia.

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