The Ascott positions itself for growth and tie-ups with global firms
It aims to have 80,000 units by 2020, from 52,000 units today. It wants to expand in the US and enter Africa
Nisha Ramchandani
Singapore
SERVICED-residence operator The Ascott is banking on innovation, partnerships and new capabilities as it positions itself for the future in a dynamic operating environment.
This includes tie-ups with online vacation rental business Tujia and Ali Baba-backed Alitrip, as well as talking to international start-ups to explore potential disruptors and emerging business models.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Singapore releases Economic Strategy Review Final Report, with more detailed proposals
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass