Ascott Limited Breaks New Ground with 19,000 Units Signed in 2025, Expanding Its Hospitality Network Across 102 New Properties

Ascott Limited marked a significant achievement in 2025, signing an impressive 19,000 units across 102 properties, reflecting a 27% increase in new signings year-on-year. This milestone underscores the company’s successful expansion strategy and its ability to grow while keeping an asset-light approach. The company’s expansion into high-fee segments such as resorts, branded residences, and wellness offerings contributed significantly to its growth.
As of 2025, Ascott operates in over 230 cities in 40+ countries, with more than 1,000 properties across its diverse portfolio. This expansion reinforces Ascott’s position as a global leader in the hospitality industry, catering to the increasing demand for both short-term and long-term accommodations in premium locations worldwide.
Record-Breaking Expansion Through Asset-Light Strategy
Ascott’s remarkable growth in 2025 can be attributed to its asset-light model, focusing on generating fee-based revenue through management contracts, franchising, and joint ventures. This strategy allowed the company to scale rapidly without investing heavily in property ownership.
A notable part of Ascott’s strategy was the focus on converting existing assets into high-demand accommodation types. Over 38% of new signings were conversions of existing properties. The speed of these conversions—like those of Citadines Antasari Jakarta and lyf Zhangjiang Shanghai—demonstrates Ascott’s operational efficiency and responsiveness to market demand. This quick turnaround allows Ascott to capitalize on the growing demand for different types of accommodations without significant upfront investment.
Key Market Expansions and Resort Growth
In 2025, Ascott further extended its global reach, entering new cities like Wellington and Taipei while reinforcing its presence in high-demand resort destinations such as Phuket, Phu Quoc, Langkawi, and Nha Trang. These cities and resorts reflect the growing demand for both leisure and long-term stays in various parts of the world.
Among the most notable resort developments is the 693-unit HARRIS Resort Cam Ranh, marking Ascott’s debut in Vietnam. This expansion strengthens the company’s position in Asia’s booming resort market, offering a blend of relaxation, wellness, and premium amenities in a popular destination. Alongside this, Ascott’s portfolio grew in Spain, where it added a 250-unit lyf and a 120-unit Somerset in Seville, catering to travelers looking for long-term stays and luxury accommodations in prime locations.
As the wellness travel segment continues to grow, Ascott’s expansion into resorts is aligned with broader industry trends, meeting the increasing demand for wellness-focused and experiential travel options in popular destinations.
Strengthening the Branded Residences Portfolio
Ascott’s commitment to diversifying its offerings extended to its branded residences portfolio, which saw the addition of over 1,000 new units in 2025. Notable additions included the 227-unit Residences at Ascott Abov Patong Phuket, which provides high-end long-term living options for guests in one of Thailand’s most sought-after areas.
In addition to its resorts, Ascott expanded its Oakwood Premier branded residences with the addition of 792 units at Oakwood Premier Luohu Shenzhen, strategically located in a thriving business district. These projects cater to high-net-worth individuals, business professionals, and long-term residents looking for luxurious, fully serviced accommodations.
Growth Through Franchising and Strategic Partnerships
Franchise growth continued to be a cornerstone of Ascott’s expansion strategy, accounting for over 25% of total units signed in 2025. The company deepened its presence in China by securing five Quest properties through its joint venture with Jin Jiang and expanding its Citadines brand with several franchise agreements.
A highlight in Ascott’s franchise growth was the 510-key Oakwood Gangneung in South Korea. Located within the Cultural Olympic Special Zone, this property is poised to attract both leisure and business travelers, further enhancing Ascott’s brand presence in key locations.
Adapting to Changing Traveler Demands with Flexible Living Concepts
Ascott’s focus on meeting changing traveler behaviors was evident in 2025 with the introduction of lyf Wellington. This 108-room property is designed with interconnected rooms and shared spaces, creating a collaborative environment that appeals to travelers who blend work and leisure during their stays. The social-living concept aligns with the growing trend of flexible accommodation solutions that cater to the evolving needs of modern travelers.
The lyf brand’s expansion reflects the growing demand for extended stays, with Ascott now offering a range of options designed for travelers looking for flexibility, community engagement, and convenience in their accommodations. Ascott’s continued investment in technology and loyalty programs further enhances guest experiences, ensuring that the brand remains a top choice for travelers seeking adaptable living arrangements.
A Strong Foundation for Future Growth
Looking toward 2026, Ascott is poised to continue its growth trajectory, capitalizing on the success achieved in 2025. The company’s strong pipeline of properties, combined with its strategic focus on asset-light expansion, high-fee segments, and growing demand for resorts and branded residences, positions it for continued success in the years ahead.
Ascott’s leadership remains focused on strengthening its global footprint, expanding its diverse portfolio, and meeting the evolving demands of travelers. As the company looks ahead to 2026, it is confident in its ability to drive long-term growth and deliver exceptional value for both property owners and guests.
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