Ascott Expands Global Resort Presence with New Signings Across Asia and the Middle East

Ascott Expands Global Resort Presence with New Signings Across Asia and the Middle East

By Manu Vardhan Kannan

Published on August 12, 2025

The Ascott Limited (Ascott), part of CapitaLand Investment, is making a strong move in the leisure hospitality space, expanding its global resort portfolio to about 50 properties across sought-after destinations. This growth comes through an asset-light approach, with 11 new signings in the past 10 months secured under management and franchise agreements. The signings reflect a strategic focus on the rising demand for experiential travel and contribute to around 5% of Ascott’s portfolio of more than 1,000 properties worldwide.

A key driver of this growth is Ascott’s multi-typology brand strategy, which adapts popular brands such as Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection and The Unlimited Collection for resort settings. This approach allows Ascott to deliver locally attuned guest experiences while meeting the evolving expectations of its expanding Ascott Star Rewards membership.

Recent additions span prime leisure spots in Phuket, Bali, Labuan Bajo, Phu Quoc, Nha Trang, Cam Ranh, Sam Son, Gangneung and Marjan Island. Highlights include the upcoming Ascott Abov Patong Phuket Resort, the brand’s debut in Phuket, just 150 metres from Patong Beach. The resort will feature 254 rooms, extensive leisure facilities, event spaces and a 227-unit branded residence. In Vietnam, developments include Somerset Nha Trang, Citadines Selavia Phu Quoc, and HARRIS Resort Cam Ranh – each designed with premium amenities for leisure and business travellers alike.

Indonesia will see properties like lyf Labuan Bajo, opening in 2027 with vibrant communal spaces and curated experiences for younger travellers, and Oakwood Jimbaran Villas and Residences Bali, offering direct access to Jimbaran Beach’s famous sunsets and seafood culture. The UAE’s Al Mahra Resort by The Crest Collection on Marjan Island is set to bring luxury stays with 539 rooms, a spa, specialty dining, and event spaces.

South Korea’s Oakwood Gangneung will cater to leisure-led extended stays on the scenic east coast, while other resort additions include ski retreats, beachfront escapes and wellness-led properties across key global markets.

Industry trends suggest a bright outlook for Ascott’s resort strategy. Global leisure travel spending is projected to triple to US$15 trillion by 2040, with strong contributions from emerging markets like India and China. The resort segment, valued at over US$300 billion in 2023, is expected to grow at an 18.2% CAGR through 2030.

According to Ms Serena Lim, Chief Growth Officer, the combination of Ascott’s flexible operational model and brand adaptability positions it to capture these opportunities while delivering value for property owners and memorable stays for guests. Ms Tan Bee Leng, Chief Commercial Officer, emphasised that the resorts enrich the Ascott Star Rewards programme, creating a deeper connection with members and encouraging cross-destination travel.

With more than 20 new resorts scheduled to open in the next three years, Ascott is cementing its place as a lifestyle hospitality leader in both established and emerging leisure destinations worldwide.


Foreign Tourist Arrivals to South Korea Rise 17 Percent, Near Record High for the Year

Foreign Tourist Arrivals to South Korea Rise 17 Percent, Near Record High for the Year

By Manu Vardhan Kannan

Published on January 2, 2026

South Korea witnessed a significant increase in foreign tourist arrivals, reflecting the continued recovery of its tourism sector to pre-pandemic levels. Official data released by the Korea Tourism Organization showed that international visitor numbers rose sharply, marking one of the strongest months for inbound travel in recent years.

Approximately 1.6 million foreign tourists visited the country during the month, representing a year-on-year growth of over 17 percent. The figure also exceeded visitor levels recorded during the same period before the pandemic, highlighting South Korea’s growing appeal as a global travel destination.

China continued to remain the largest source market for inbound tourism, followed closely by Japan. Other major contributors included Taiwan, the United States and the Philippines. While arrivals from China recovered to nearly three-quarters of pre-pandemic levels, visitor numbers from Japan showed particularly strong momentum, recording a sharp surge compared to earlier benchmarks.

Cumulatively, foreign tourist arrivals during the year reached over 17 million, registering double-digit growth compared to the previous year and surpassing pre-pandemic totals. Chinese visitors accounted for nearly one-third of the total arrivals, underlining the importance of the market to South Korea’s tourism ecosystem.

The Ministry of Culture, Sports and Tourism has projected that total foreign tourist arrivals for the year will reach a new all-time high, moving close to the symbolic 20 million mark. If achieved, this would surpass the previous record set before the pandemic and reinforce South Korea’s position as one of Asia’s fastest-recovering tourism markets.


World Welcomes 2026 as New Zealand Leads with Spectacular Fireworks

World Welcomes 2026 as New Zealand Leads with Spectacular Fireworks

By Manu Vardhan Kannan

Published on January 1, 2026

Countries across the South Pacific were the first to welcome 2026, with New Zealand leading global celebrations as Auckland marked the New Year with a spectacular fireworks display. The show was launched from the iconic Sky Tower, the tallest structure in the country, even as rainy weather swept across parts of the city.

Auckland, home to nearly 1.7 million people, entered the New Year well ahead of major global cities, celebrating almost 18 hours before festivities begin in New York’s Times Square. Despite the wet conditions, the celebrations reflected the city’s vibrant spirit and enthusiasm to usher in the new year.

The island of Kiritimati, part of the Pacific nation of Kiribati, became the very first place in the world to welcome 2026. Located in the Pacific Ocean, south of Hawaii and north-east of Australia, Kiribati spans a vast region of coral atolls and is known for its unique geographical position on the global time map.

Several Asian nations, including Japan and South Korea, followed with New Year celebrations later in the day, joined by Hong Kong, Singapore, Malaysia, the Philippines and Taiwan. While many cities marked the occasion with festive events, Hong Kong opted for a subdued approach this year.

Instead of its usual large-scale fireworks display, Hong Kong organised a light show and limited musical performances as a mark of respect following a recent tragic apartment fire in the city. The decision reflected a more sensitive and thoughtful way of welcoming the New Year.

As 2026 unfolds across time zones, celebrations around the world continue to reflect a mix of joy, remembrance and hope, bringing people together in anticipation of a positive year ahead.


From Action to Leisure: Discovering Kenya’s Coastal Moods

From Action to Leisure: Discovering Kenya’s Coastal Moods

By Hari Haran

Published on December 30, 2025

Kenya’s coastline is often described in broad strokes, white sand, warm waters, and Swahili culture. All of this is true. Yet, viewing the entire coast through a single beach narrative does not do it justice. Stretching along the Indian Ocean, Kenya’s shoreline unfolds as a series of distinct experiences, each shaped by its own rhythm, landscape, and history.

From refined resort towns and reef-lined lagoons to bustling port cities and car-free heritage islands, every coastal stop answers a different traveller’s question. The Kenyan coast is less about ticking beaches off a list and more about choosing the pace, mood, and experience that suits you best.

Diani Beach reflects Kenya’s most polished coastal escape, with luxury resorts, private villas, and curated experiences that blend comfort with nature. Watamu offers a quieter rhythm, defined by coral reefs, marine parks, and conservation-led exploration. Lamu slows life down entirely, revealing centuries of Swahili heritage through its lanes, architecture, and traditions. Mombasa, the cultural heart of the coast, layers history, street life, food, and trade into a vibrant urban experience.

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Kenya’s coastline is not about finding the best beach, but about choosing the right experience. From leisure and luxury to heritage and everyday culture, the coast reveals many faces of the Indian Ocean. For travellers willing to explore beyond the obvious, it offers stories, contrasts, and a sense of place that stays long after the journey ends.

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