ASAP Quality Accredited Operator Member Ascott is expanding its footprint in gateway cities throughout Europe, and in the Association of Southeast Asian Nations emerging markets.

This article in Deal Street Asia contains an interview with Kevin Goh Soon Keat, the chief operating officer of Ascott, soon to be its chief executive from 2018.

Topics include becoming a dominant player in the hospitality ecosystem; taking on an 80% stake in Synergy Global Housing, tripling Ascott’s presence in the USA and an additional 60% stake in Australian Quest Apartment Hotels; confidence in surpassing Ascott’s stated target of 80,000 units well ahead of 2020; the best growth prospects, particularly in Singapore, China, Australia, capital cities in Southeast Asia like Seoul, Tokyo, Paris, London, key cities in Germany and the US; plans for emerging markets such as Myanmar, Cambodia and Laos; the acquisition of Citadines Islington London; the future opening of the third property in Europe under The Crest Collection; positive trends in the tourism sector; strategic alliances with some of the biggest property developers and construction firms in China; collaboration with the sharing economy, such as Tujia and Fliggy, listing to date about 15,000 serviced apartments on Fliggy, in more than 20 destinations most popular amongst Chinese travellers, such as Singapore, Bangkok, Tokyo, Paris and London.

Read the interview:


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