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Ascott passes 100th property milestone in China

06/27/2017| 6:02:24 PM|

The Ascott has clinched seven new contracts to manage over 1,300 apartments across six cities in China.

These properties mark Ascott’s first foray into Kunming and Yichang while deepening its presence in Chongqing, Dalian, Shenzhen and Xuzhou.

To date, Ascott has added more than 2,700 units across 15 properties in China this year.

This is a 56% increase compared with the more than 1,700 units and ten properties secured in the first half of 2016.

Lee Chee Koon, Ascott chief executive, said: "Chinese are among Ascott’s top customers at our properties globally with revenue surging by 35% year-on-year."

“In 2016, about 62%% of our guests in China are Chinese.

“With close to 19,000 units in 104 properties across 29 Chinese cities, Ascott will achieve our target of 20,000 units in China well ahead of 2020.”

In addition, Ascott has listed about 15,000 serviced apartments on Alibaba’s online travel service platform Fliggy (Alitrip), covering its properties in more than 20 destinations most popular amongst Chinese travelers, such as Singapore, Bangkok, Tokyo, Paris and London.

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TAGS: Ascott | China | Fliggy | Alibaba
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