Serviced apartment operator The Ascott has seen its revenue per unit “pacing close” to pre-Covid levels in recent months. The company said the recovery of the accommodation sector had “accelerated” following the lifting of Covid travel restrictions in the second quarter of 2022.
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Leading lodging business group Ascott is set to acquire Oakwood Worldwide (Oakwood), a premier global serviced apartment provider, from Mapletree Investments, in a move which will boost its global portfolio by 81 properties and about 15,000 units.
Ascott has been recognised as the Leading Serviced Apartments Brand in a number of key regions and markets around the world. Here Breaking Travel News takes a look at what separates the company from the competition