CapitaLand Ascott Trust, the management agency of five Somerset hotels in Vietnam, posted a gross profit of VND152.7 billion ($6.43 million) in the first half of 2023 from its Vietnam business, up 47% year-on-year.
/ Posted on 11 June, 2021 0:01
The pandemic’s work-from-home movement has nudged consumers into the arms of work-friendly hospitality spaces, presenting an unexpected boon to players in the long-stay market. Now, daytime workcation packages have become a life buoy for Asia’s serviced residences, reports Pamela Chow.
While recovery to pre-pandemic occupancy continues to elude the hospitality trade, serviced residences have received an unexpected blessing in disguise. Remote work and telecommuting are driving consumers in search of more conducive places to work that can double up as a vacation opportunity – a demand that has driven long-stay players towards more inventive, daily offerings.
Ascott Residence Trust (ART) has obtained a S$50 million five year green loan from DBS Bank Ltd (DBS), making ART the first hospitality trust in Singapore to secure a green loan. Proceeds from the green loan will be used to finance ART s maiden development project and coliving property, lyf one-north Singapore.
ASCOTT LAUNCHES SOUTHEAST ASIAâS LARGEST PROMOTION ON LEADING ECOMMERCE PLATFORM SHOPEE FROM 12.12 TILL END OF THE YEAR
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(TRAVPR.COM)
SINGAPORE -
December 10th, 2020 - Tis’ the season of giving. CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), is kicking off this festive season with Southeast Asia’s biggest promotion on Shopee, one of the leading ecommerce platforms in Southeast Asia and Taiwan. About S$13 million worth of goodies are up for grabs; starting from the Shopee 12.12 Birthday Sale till the end of the year. These include flash sales where shoppers can receive up to 90% off best flexible rates at close to 20 participating properties in Southeast Asia. Over 500,000 prizes including complimentary stays, up to 50% off discount vouchers and membership tier upgrades for Ascott’s loyalty programme, Ascott Star Rewards (ASR), will also be given away.