Ascott wants to open 70 properties worldwide

It wants to leverage travellers’ appetite for new experiences.

CapitaLand Investment’s The Ascott Limited declared its goal to open 70 properties in key Asia Pacific and Europe locations this year.

Evolving travel demands and desire for meaningful experiences contributed to Ascott’s property expansion.

Tan Bee Leng, Ascott’s managing director for brand and marketing, said they opened more than 45 properties last year. 

“This year, we will see our highest-ever property openings, launching close to 13,500 units across 70 properties,” said Tan.

Under the coliving sector, Ascott’s lyf will see seven new properties in Austria, China, Japan, Malaysia, the Philippines, and Thailand. 

Ascott’s Citadines brand will see 21 new additions to its portfolio this year, including Citadines Harbour Front Yokohama, a 242-room property conveniently located near Haneda International Airport, the gateway to the Tokyo metropolitan area, as well as Citadines Walker North Sydney, Citadines  Waterfront Kota Kinabalu, and Citadines Gatot Subroto Jakarta. 

Ascott is also gearing up to open an additional 11 Somerset properties this year.