Ascott expands resort footprint across Middle East and Asia

Singapore’s Ascott, the lodging arm of CapitaLand Investment, is accelerating its push into the resort sector with 11 new property signings in the past 10 months, bringing its global resort portfolio to around 50 properties. The expansion, driven by management and franchise agreements, spans key leisure destinations including Ras Al Khaimah, Phuket, Bali, Vietnam, and South Korea.

Anchored by its flex-hybrid model and multi-typology brand strategy, Ascott is adapting trusted urban brands such as Somerset, Oakwood and Citadines to resort settings, offering both short and extended stays. With over 20 new resorts set to open in the next three years, the company is strengthening its position in the fast-growing leisure travel market while enhancing its Ascott Star Rewards programme.

Read the full article for a closer look at Ascott’s global resort growth strategy.