Ascott exceeds 2019 global record growth
Ascott exceeds 2019 global record growth DUBAI, January 24, 2021 CapitaLand’s wholly owned lodging business unit, The Ascott Limited has added a record number of over 14,200 units across 71 properties worldwide for 2020, with the aim of growing its global portfolio to 160,000 units by 2023. Kevin Goh, CapitaLand’s Chief Executive Officer for Lodging and Ascott’s Chief Executive Officer, said: “Covid-19 has validated the resilience of Ascott’s business model as property owners continue to sign new management and franchise contracts with us, allowing us to achieve our four...