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Ascott: Exceeds 2019 Record Growth To Add Over 14.2K Units Globally In 2020 Despite COVID-19.

12 Jan 2021 06:18

CapitaLand's wholly owned lodging business unit, The Ascott Limited has added a record of over 14,200 units across 71 properties globally for 2020. Despite COVID-19, this exceeds the number of units secured in 2019, marking a fourth consecutive year of record growth for Ascott. In China, Ascott has also achieved an 80% year-on-year growth in units compared to 2019. The new properties secured will boost Ascott's annual fee income by over S$27 million as they progressively open and stabilise...

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Source: ShareInvestor Express