Ascott plans to double number of global-branded properties in China by 2028 

THE Ascott Limited (Ascott) aims to double its portfolio of assets bearing its global brands in China by 2028, and plans to open over 20 new Chinese properties this year alone.

The lodging operator, which now manages over 17,000 units spanning 90 properties in China across its global brands such as Ascott, Somerset, lyf and Oakwood, sees strong potential for growth coming from China.

Tan Bee Leng, Ascott’s managing director for brand and marketing, said: “From a business perspective, China is a very key contributor for us at The Ascott.”