Ascott says that this expansion rides on the growing demand for “bleisure”, or business and leisure for short, a global market valued at US$600 billion.
The Ascott Limited, CapitaLand Investment’s (CLI) wholly-owned lodging business unit, announced that it has expanded its Oakwood brand by signing 16 new properties in 2024, a 30% y-o-y increase.
This includes four Oakwood Premier properties in Adelaide, Bali, Shenzhen and Singapore, since the brand refresh of Oakwood in early 2024.
