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May 2021 489 The Ascott Limited revealed its dynamic Middle East, Africa and Turkey expansion plans at this year’s Arabian Travel Market (ATM) 2021, adding over 1,856 units across 14 elegantly designed and luxurious serviced residences, all slated to open by the end of 2022. The group’s tenacious growth pipeline puts it on track to achieve its regional target of adding extra 6,000 units to its Middle East, Africa, and Turkey (MEAT) portfolio, to reach a total of 10,000 units by 2025. Vincent Miccolis, Ascott’s Regional General Manager, Middle East, Africa, Turkey, and India commented on Ascott’s diverse expansion plans, saying: “The Middle East source markets have always been a priority for The Ascott Limited and we are proud to share the brand’s expansive MEAT pipeline at ATM 2021. We are on course towards a steady incline in occupancy rates and we are committed to achieving the growth target we set at the beginning of 2021. This year, the conference h
Ascott plans robust Middle East expansion tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Ascott plans robust Middle East expansion
DUBAI, 7 days ago The Ascott Limited revealed its dynamic Middle East, Africa and Turkey expansion plans at this year’s Arabian Travel Market (ATM) 2021, adding over 1,856 units across 14 elegantly designed and luxurious serviced residences, all slated to open by the end of 2022. The group’s tenacious growth pipeline puts it on track to achieve its regional target of adding extra 6,000 units to its Middle East, Africa, and Turkey (MEAT) portfolio, to reach a total of 10,000 units by 2025. Vincent Miccolis, Ascott’s Regional General Manager, Middle East, Africa, Turkey, and India commented on Ascott’s diverse expansion plans, saying: “The Middle East source markets have always been a priority for The Ascott Limited and we are proud to share the brand’s expansive MEAT pipeline at ATM 2021. We are on course towards a steady incline in occupancy rates and we are committed to achieving the growth target we set at the