Ascott Aiming for 160,000 Serviced Apartments By 2023

Asia’s biggest serviced apartment operator, The Ascott Limited,  has announced aggressive expansion plans. “With the global economic upswing and international travel arrivals hitting a new high, we are confident of exceeding 80,000 units this year. We see immense potential to scale up to 160,000 units worldwide in the next five years,” said Kevin Goh, Ascott’s Chief Executive Officer (pictured). Its brands include Ascott, Citadines, Somerset, Quest, The Crest Collection, and lyf.  Ascott has a presence in 130 cities across 30 countries.

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