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Ascott sees record growth in units for fifth straight year in 2021 despite Covid-19 headwinds

Felicia Tan
Felicia Tan1/10/2022 7:59 AM GMT+08  • 2 min read
Ascott sees record growth in units for fifth straight year in 2021 despite Covid-19 headwinds
Ascott also closed 2021 with its highest-ever property openings, with over 8,200 units launched in 40 properties in 10 countries.
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The Ascott Limited has secured 15,100 units across 72 properties globally in 2021, marking the fifth straight year that it has seen record growth in units despite Covid-19.

Of the 15,100 units, 60% of the new signings were serviced residences. The new units also see the company expanding its footprint in China and Vietnam, in addition to entering the markets of Cameroon and Nigeria.

The Ascott Limited is CapitaLand Investment’s (CLI) wholly-owned lodging business unit.

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