Ascott to add 300 properties, 12,000 jobs by 2028, with Malaysia as key market
- On May 14, 2025, Ascott, a lodging business of CapitaLand Investment, announced plans to open over 300 new properties by 2028 with Malaysia as a key market.
- This expansion follows Ascott's consistent growth, including record fee-related earnings in 2024 and portfolio expansion supported by new agreements, especially in India and Malaysia.
- Ascott will launch Ascott Accelerate, a structured talent programme using mentorship and digital learning, to prepare over 1,500 property leadership roles among 12,000 new jobs created globally.
- In 2024, the company recorded fee-related earnings of $343 million, marking a 12% year-over-year growth largely supported by a 6% increase in revenue generated from each available unit across nearly 990 properties worldwide.
- Ascott’s commitment to talent development and expanding its global portfolio aims to help the company exceed fee-based revenue of more than S$500 million by the year 2028, while continuing to enhance living experiences worldwide.
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Ascott to add 300 properties, 12,000 jobs by 2028, with Malaysia as key market
KUALA LUMPUR: The Ascott Limited, the lodging business unit of Singapore’s CapitaLand Investment (CLI), is stepping up its global talent development efforts to support the opening of more than 300 new properties by 2028 — including key locations in Malaysia. © New Straits Times Press (M) Bhd
Ascott Boosts Talent Development to Drive the Opening of more than 300 New Properties by 2028
The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (CLI), is ramping up talent development to support the opening of more than 300 new properties by 2028. This global expansion is expected to create more than 12,000 new jobs, including over 1,500 property leadership roles. To power this growth, the company is launching Ascott Accelerate, a structured talent management programme that fast-tracks high-pote…
With plans to open 300 properties by 2028, Ascott ramps up training efforts
Rate this post To develop its workforce, global hospitality company Ascott has increased its training efforts as it plans to open more than 300 new properties worldwide by 2028. In a press statement, Ascott says that this expansion will generate over 12,000 new jobs, including more than 1,500 leadership roles across the new properties. As part of this initiative, it has launched Ascott Accelerate a structured talent development programme that wi…
Ascott Boosts Talent Development To Drive The Opening Of More Than 300 New
PENANG, MALAYSIA / SINGAPORE – Media OutReach Newswire – 14 May 2025 – The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (CLI), is ramping up talent development to support the opening of more than 300 new properties by 2028. This global expansion is expected to create more than 12,000 new […]
CapitaLand Investment’s Ascott to create over 12,000 jobs globally with over 300 new property openings
Ascott, the lodging business of CapitaLand Investment (CLI), expects to create more than 12,000 jobs – including 1,500 property leadership roles – to support the opening of over 300 properties by 2028. It will launch talent development efforts in preparation, the company said on Wednesday (May 14).
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