Ascott Sees Record Southeast Asia Signings in 2025

Ascott Sees Record Southeast Asia Signings in 2025

By Manu Vardhan Kannan

Published on April 21, 2026

The Ascott Limited has recorded its strongest-ever signing performance in Southeast Asia in 2025, adding more than 7,300 units across the region. This marks a 55% increase compared to the 4,700 units signed in 2024, highlighting a significant growth phase for the company.

This momentum has placed Ascott among the top three hospitality companies in Southeast Asia for new signings in 2025, according to Horwath HTL. The company currently has over 200 operational properties in the region, along with a pipeline of around 150 properties. With more than 25 new openings expected in the next 12 months, the pipeline reflects steady owner confidence and Ascott’s ability to convert signings into operational properties.

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A key highlight of this expansion is Ascott Tay Ho Hanoi, located on the shores of West Lake in Hanoi’s Tay Ho District. Positioned as Ascott’s largest full-service MICE hotel, the property will feature 1,165 rooms, 10 food and beverage concepts, and a spa when fully operational in 2027. It also includes an international convention centre with 13 event spaces, including one of the largest pillarless ballrooms in Hanoi.

Ascott’s growth is supported by strong tourism recovery across Southeast Asia, driven by rising regional travel demand and improved connectivity. At the same time, the hospitality market remains fragmented, creating opportunities for established brands like Ascott to expand through both new developments and conversions.

Ms Serena Lim, Chief Growth Officer, Ascott, said: “Southeast Asia continues to be one of the most dynamic hospitality markets in the world and Ascott is well positioned to capture the opportunity. With over four decades in our home base, we have established deep market expertise and a trusted brand presence, positioning us for our next phase of growth. Our expansion is intentional and owner-led, anchored by long-term partnerships with owners who value our flex-hybrid model and its ability to deliver resilient outcomes. Supported by our multi-typology brand strategy, we have moved beyond our serviced residence heritage to unlock opportunities across a broader range of lodging types. The depth of owner interest and track record across Southeast Asia gives us confidence in both our pipeline and our ability to execute this expansion.”

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Ms Wong Kar Ling, Chief Strategy Officer and Managing Director, Southeast Asia, Ascott, added: “The upcoming wave of openings reinforces Southeast Asia's role as both a core growth engine and a showcase for Ascott's multi-typology brand strategy. As we scale across cities and resort destinations, disciplined execution remains our focus, from efficient conversions to reliable delivery on the ground. The strength of our local teams has been instrumental in translating strategy into outcomes, turning pipeline into reality with the speed and precision our owners and guests expect. We are particularly excited about our upcoming resort openings across the region, which will meaningfully expand our leisure offerings and open up new destinations for Ascott Star Rewards members to explore and enjoy their rewards.”

As part of its expansion, Ascott is entering around 20 new cities across Southeast Asia, including destinations such as Phu Quoc, Nha Trang, Phuket, Hat Yai, Labuan Bajo, Medan, Davao, Biñan, Johor Bahru, and Langkawi. This move takes the brand beyond established markets into emerging leisure and business destinations.

About 30% of the pipeline will be driven through conversions, allowing Ascott to reposition existing properties under its brands and speed up market entry. Projects like Citadines Mitra Bandung, Oakwood Pandanaran Semarang, and Fox Hotel Nagoya Batam are expected to open within a year of signing, showing the efficiency of this approach.

The pipeline also reflects Ascott’s multi-typology strategy, covering serviced residences, hotels, resorts, social living spaces, and branded residences. Brands such as Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection, and The Unlimited Collection are all part of this expansion. Resort developments are expected to play a major role, helping balance the company’s presence across business and leisure segments.

Among the upcoming openings, Lasong Hotel & Villas Sam Son by The Unlimited Collection is set to complete its full opening on 24 April 2026, offering a wellness-focused experience on Vietnam’s northern coast. HARRIS Resort Cam Ranh, expected to open from 4Q 2026, will introduce the HARRIS brand to Vietnam with a large-scale beachfront property designed for leisure travellers.

Other notable projects include the 1926 Heritage Hotel Penang by The Unlimited Collection, opening in 2026 with a restored heritage setting, and lyf Chinatown Singapore, scheduled for July 2026, offering a social living concept in a culturally rich neighbourhood. Somerset Clarke Quay Singapore and Ascott Ortigas Manila are also part of the upcoming portfolio, adding to the brand’s presence in key urban markets.

With this strong pipeline and continued expansion across markets and formats, Ascott is steadily strengthening its position in Southeast Asia, supported by a mix of new developments, conversions, and experience-led properties.


FIFA 2026 Highlights: Brazil Beats Haiti by 3 Goals as Hospitality Sector Awaits Travel Surge

FIFA 2026 Highlights: Brazil Beats Haiti by 3 Goals as Hospitality Sector Awaits Travel Surge

By Manu Vardhan Kannan

Published on June 21, 2026

The FIFA 2026 group stage continued to deliver exciting action, with Brazil registering a convincing 3-goal victory over Haiti in their Group C encounter. The win further strengthens Brazil's position as the tournament progresses through its early stages.

In other group matches, Paraguay secured a narrow one-goal win over Turkiye in Group D, while Morocco also recorded a 1-goal victory against Scotland, adding more competition and excitement to the race for qualification.

Away from the football field, the hospitality industry across several host cities is closely tracking visitor demand during the tournament. According to data from real estate analytics company CoStar, hotel bookings on match days in some host cities, including New York, Toronto, and Miami, have remained lower than levels recorded during the same period last year.

FIFA had projected that international travellers would account for around 40 per cent of World Cup visitors. However, aviation data firm Cirium reported that flight bookings made before June from the European Union to several host cities during June and July declined compared to last year. Bookings to Kennedy Airport in New York were down by more than 15 per cent year-on-year, while bookings to San Francisco International Airport fell by nearly 10 per cent.

Many hotels had increased room rates significantly in anticipation of strong World Cup demand, with some properties pricing rooms up to 500 per cent above average levels. However, rates have gradually softened across several host destinations. According to Lighthouse Intelligence, Vancouver and Monterrey recorded some of the largest price adjustments, with room rates returning closer to last year's levels except for spikes of around $100 to $200 on match days.

Despite softer-than-expected booking trends, certain cities have experienced strong occupancy during major fixtures. When Argentina and Algeria played the first match in Vancouver on June 16, metro hotels were either sold out or operating at occupancy levels of 80 to 85 per cent, according to Andrea O'Hara, Executive Director of the Hotel & Lodging Association of Greater Kansas City.

Industry observers point to several factors affecting travel demand, including rising travel costs, reduced business travel, the location of some matches, and ongoing challenges related to international travel. Nevertheless, hospitality leaders remain optimistic about the weeks ahead.

Rosanna Maietta, Chief Executive of the A.H.L.A., said hotels are hopeful of a late booking surge as fans finalise travel plans for the knockout rounds and later-stage matches. Industry experts also noted that many travellers are booking closer to their travel dates and opting for shorter stays than initially expected.

With several high-profile matches still to come, the hospitality sector remains hopeful that visitor numbers will strengthen as FIFA 2026 moves into its decisive stages.


FIFA 2026 Highlights: Canada Thrashes Qatar, Switzerland Secures Big Win as World Cup Demand Boosts Retail Sector

FIFA 2026 Highlights: Canada Thrashes Qatar, Switzerland Secures Big Win as World Cup Demand Boosts Retail Sector

By Manu Vardhan Kannan

Published on June 20, 2026

The FIFA World Cup 2026 continued to deliver exciting action as Canada registered an emphatic six-goal victory over Qatar in Group B, strengthening its position in the tournament. In another Group B fixture, Switzerland secured a comfortable four-goal win against Bosnia and Herzegovina, showcasing a strong all-round performance.

Meanwhile, in Group A, Mexico held a one-goal advantage over South Korea as the match progressed, keeping fans on the edge of their seats in a closely contested encounter.

Beyond the action on the pitch, the tournament is also creating a significant impact on travel and retail sectors across North America. According to AirDNA, booking activity has surged in several host markets following the announcement of match schedules and team allocations.

The company had projected that reservations could double or even triple once fans began planning trips around specific teams and fixtures rather than the tournament itself. That trend has now become visible across multiple host cities.

Miami witnessed a 244 percent increase in short-term rental demand surrounding the announced Brazil-Scotland fixture, while Kansas City recorded a 377 percent year-on-year rise after its group-stage matches were confirmed. These figures suggest that travel demand is being driven largely by the teams and matchups assigned to individual cities rather than host-city status alone.

With 48 national teams participating in the tournament, host cities are expected to welcome supporters from around the world. This is expected to generate increased demand across sectors such as apparel, sporting goods, team merchandise, food and beverage, convenience retail, and experiential retail concepts.

Industry observers also expect spending to be concentrated around entertainment districts, mixed-use developments, and pedestrian-friendly retail zones where fans gather before and after matches. These areas are likely to benefit from increased visitor traffic as supporters come together to watch games, celebrate results, and enjoy the World Cup atmosphere.

As FIFA World Cup 2026 progresses, its influence is extending beyond football, creating new opportunities for travel, hospitality, and retail businesses across host destinations. The tournament continues to demonstrate its position not only as a global sporting event but also as a major consumer and tourism driver.


FIFA World Cup 2026 Sees Big Wins on the Pitch as U.S. Travel Surge Remains Gradual

FIFA World Cup 2026 Sees Big Wins on the Pitch as U.S. Travel Surge Remains Gradual

By Manu Vardhan Kannan

Published on June 19, 2026

The FIFA World Cup 2026 continued to deliver excitement on the field, with England, Ghana, and Colombia recording important victories in their respective group-stage matches. At the same time, hospitality and tourism stakeholders across the United States are closely watching travel trends as the world's biggest football tournament unfolds across North America.

In Group L, England produced a dominant performance against Croatia, securing a convincing 4-0 victory. The result strengthens England's position in the group and highlights the team's strong start to its World Cup campaign.

Group K witnessed a closely contested encounter between Ghana and Panama, with Ghana edging past its opponents by a single goal to claim a valuable win and boost its chances of progressing to the next stage.

Meanwhile, Colombia delivered an impressive display against Uzbekistan, registering a 3-1 victory. The South American side showcased attacking efficiency throughout the match to secure all three points.

Beyond the action on the pitch, attention has also turned to the tournament's economic and tourism impact across the United States. As the largest FIFA World Cup in history gets underway, industry experts believe the expected travel boom is developing at a slower pace than initially anticipated.

While FIFA has projected that the tournament could contribute up to $17.2 billion to the U.S. economy, tourism and hospitality businesses are seeing mixed results so far. Travel demand appears to be varying significantly between host cities, depending on the teams playing, match schedules, and fan interest levels.

According to travel industry observations, many international supporters are still finalising their travel plans, leading to a gradual increase in bookings rather than an immediate surge. Cities hosting later-stage knockout matches are expected to benefit more as the tournament progresses and fan interest intensifies.

The New York-New Jersey region, which will host several matches including the final, is projected to receive more than 1.2 million visitors and generate an estimated $3.3 billion in economic impact. Other major host destinations such as Dallas, Los Angeles, Atlanta, Miami, Houston, Boston, Seattle, Philadelphia, Kansas City, and the San Francisco Bay Area are also expected to experience increased visitor activity throughout the competition.

However, the American Hotel and Lodging Association recently noted that several host cities have reported softer-than-expected demand, citing factors such as rising travel costs and travel-related barriers. Industry observers believe the true impact on hotels, restaurants, transportation services, and local businesses may become clearer as the tournament advances into its knockout rounds.

For the hospitality sector, FIFA World Cup 2026 remains a major opportunity, but the anticipated economic gains are likely to be distributed unevenly across destinations, depending on match schedules, visitor preferences, and overall travel patterns.

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