The wholly owned lodging business unit of CapitaLand Investment (CLI) has a legacy dating back more than four decades. Ascott started as an asset-heavy real estate company when it introduced Asia Pacific’s first serviced residence — The Ascott Singapore — in 1984.
Vietnam’s Mice market reached US$5.1 billion in 2025 and is expected to reach US$7.3 billion by 2034. How is Ascott positioning to capture this demand in Southeast Asia’s new tourism hotspot?
The Ascott is doubling down on its growth in Southeast Asia and momentum remains firmly anchored in this region. According to an April 20 announcement, Ascott says it plans to open more than 25 properties across the region over the next 12 months.
