CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) has secured 15,100 units across 72 properties globally in 2021. This marks the fifth consecutive year Ascott has achieved record growth in units organically despite COVID-19 headwinds in the past two years.
Secures 58 new franchise and management contracts to add over 12,500 units across Asia Pacific, Europe, Middle East and Africa. Continues to grow fee income through lodging operations
In October, it bagged 27 accolades at the regional World Travel Awards 2021, including Leading Serviced Apartment Brand in Asia, Europe, Middle East and Oceania.
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