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Ascott on track to achieve global target of 160,000 units by 2023: CEO

Apart from investing through its own capital and joint ventures, a key growth strategy is through Reits

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Lee U-Wen

Lee U-Wen

Published Wed, Dec 18, 2019 · 09:50 PM

    Singapore

    THE Ascott - the lodging business unit of CapitaLand - aims to open about 10,000 units in 2020, with the company "on track" to achieve its global target of 160,000 units by 2023, said Ascott chief executive officer Kevin Goh on Wednesday.

    In 2019, Ascott achieved a record opening of about 7,500 units in more than 40 properties across 30 cities and 13 countries.

    CapitaLand

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