The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (CLI), has achieved a record-breaking year in 2025 with the signing of 19,000 units across 102 properties, marking a strong 27% year-on-year growth. The milestone reflects Ascott’s accelerated asset-light expansion strategy, driven by higher-fee segments such as resorts, increased franchise momentum and robust conversion activity.
With these signings, Ascott has expanded into more than 10 new cities across Asia Pacific and Europe, strengthening its presence to over 230 cities in more than 40 countries. The company now operates and has under development over 1,000 properties globally, representing more than 176,000 units.
A key highlight of the year was Ascott’s entry into Taipei with the signing of the 185-room Ascott Nangang Taipei, located within the Nangang Software Park, one of the city’s leading business and MICE districts. The serviced residence, scheduled to open in the first quarter of 2027, is part of a prime mixed-use development with excellent connectivity and is designed to cater to both short- and long-stay guests.
Ascott’s resort portfolio also expanded significantly in response to strong leisure travel demand, with 15 new resort signings in destinations such as Phuket, Phu Quoc, Nha Trang and Bali, taking its global resort footprint to over 50 properties. The company further strengthened its branded residences business, adding more than 1,000 units through new partnerships in key leisure and urban markets.
Franchise growth remained a strong contributor to Ascott’s asset-light strategy, with over a quarter of new units signed under franchise agreements. Conversion-led growth also gained momentum, accounting for more than 38% of total signings, as owners increasingly opted for faster, lower-risk routes to market supported by Ascott’s multi-brand and operational expertise.
Commenting on the performance, Mr Kevin Goh, Chief Executive Officer, The Ascott Limited and Lodging, CapitaLand Investment, said that 2025 marked a pivotal year for the company, strengthening revenue visibility and positioning Ascott to surpass its long-term fee growth targets as pipeline projects become operational.
With continued investments in technology, loyalty platforms, brand development and owner partnerships, Ascott remains well positioned to capture future growth across hospitality, resorts, branded residences, MICE and flexible living segments worldwide.
