The Ascott Limited (Ascott)

Ascott sees potential in Japan market, plans footprint expansion - THE EDGE SINGAPORE

Corporate moves

Ascott sees potential in Japan market, plans footprint expansion

The Japan market is booming and Ascott is seeing opportunities there.

Results

Ascott achieves record year of fee earnings and highest number of property openings

CLI's Ascott posts record year in 2023, with highest earnings and property openings.

Property

Ascott signs eight new properties under lyf brand

These properties, which total close to 1,500 units, are scheduled to open over the next four years.

Sustainability

Ascott, UN-formed tourism body train hospitality staff in sustainability

A total of 27 tourism professionals took part in the three-day sustainability course.

Sustainability

Ascott signs MOU with UN-formed body to train hospitality staff in sustainability starting October

The partnership with the Global Sustainable Tourism Council (GSTC) is expected to facilitate over 700 training hours.

Tourism

Ascott to open 70 properties globally in 2023

The 70 properties, which have close to 13,500 units, will span across all of Ascott’s brands, including lyf, Citadines and Oakwood

Company in the news

Ascott targets to double fee revenue to over $500 mil in next five years

The lodging business also announced that it has hit its target to secure 160,000 units by 2023.

Property

Ascott to debut The Crest Collection brand in Asia

To date, Ascott has secured over 1,000 units across eight properties under The Crest Collection.

New appointments

Ascott Limited appoints hospitality industry veteran Serena Lim as chief growth officer

Lim will report directly to Ascott’s CEO, Kevin Goh.

Sustainability

Ascott launches new sustainability framework, Ascott CARES

The expanded framework is centred around five pillars, community, alliance, respect, environment and supply chain.
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