08 Oct

Ascott Sweeps Top Honours At Prestigious Travel Awards In Asia-Pacific And Europe

Singapore, 8 October 2010 – CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has been recognised as the best serviced residence brand, company and operator by leading travel publications in Asia Pacific and Europe.

Ascott was named ‘Best Serviced Residence Operator’ for the sixth consecutive year at the TTG Travel Awards held last night. With this latest award, Ascott has won over 20 accolades this year.

Ascott was recently awarded ‘Best Serviced Residence Brand’ at the Business Traveller Asia-Pacific Awards for the seventh year and ‘Best Serviced Apartment Company’ at the Business Traveller UK Awards for the fourth year. Ascott’s properties further swept all top three spots in the ‘Best Serviced Residence’ category of Business Traveller Asia-Pacific Awards. Ascott Raffles Place Singapore, an architectural icon in the heart of Singapore’s central business district, received the most number of votes from readers of the magazine. Ascott Sathorn Bangkok and Ascott Kuala Lumpur took second and third place respectively.

Ascott was also recently named ‘Best Serviced Residence Group’ at the Travel & Meetings Industry Awards by TravelWeekly China. The award recognises the best enterprises in China’s travel, meeting and incentive industry. Ascott has won this accolade for the fourth time.

In Vietnam, Ascott was presented the ‘Guide Award for Excellent Performance’ by Vietnam Economic Times’ tourism and hospitality magazine, The Guide. The award honours the best in the industry for their contribution to the development of tourism in Vietnam. Ascott has been conferred the Guide award for the seventh year.

Mr Tony Soh, Chief Corporate Officer of The Ascott Limited, said: “At Ascott, we take pride in creating memorable experiences for our guests and building rewarding long-term relationships with our partners. We are deeply honoured to receive these awards and would like to thank our customers and partners for making Ascott their top choice in the serviced residence industry. It is gratifying to be recognised by the very people who are instrumental to our business success. This inspires us to continue to innovate and create more value for our customers and partners. A recent example of such efforts is Ascott’s Best Rate Guarantee initiative, which gives our customers peace of mind that they are getting the best possible internet rates when they make bookings through our websites.”

About The Ascott Limited

The Ascott Limited is the world’s largest international serviced residence owneroperator with over 20,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as over 5,000 units which are under development, making a total of more than 26,000 units.

The company operates three brands – Ascott, Citadines and Somerset. Its portfolio spans over 60 cities across more than 20 countries, 12 of which are new cities in Ascott's portfolio where its serviced residences are being developed.

Ascott, a wholly-owned subsidiary of CapitaLand Limited, is headquartered in Singapore. It pioneered Asia Pacific’s first international-class serviced residence in 1984. It also established the world’s first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust, in 2006. Today, the company boasts a 26- year industry track record and serviced residence brands that enjoy recognition worldwide.

Recent awards include TTG Travel Awards 2010 ‘Best Serviced Residence Operator’, Business Traveller UK Awards 2010 ‘Best Serviced Apartment Company’, Business Traveller Asia-Pacific Awards 2010 ‘Best Serviced Residence Brand’ and ‘Best Serviced Residence in Asia-Pacific’, TTG China Travel Awards 2010 ‘Best Serviced Residence Operator in China’ and DestinAsian Readers’ Choice Awards 2010 ‘Best Serviced Residence in Asia Pacific’.

About CapitaLand Group

CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, the multi-local company's core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific and Europe.

The company’s real estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced residences and mixed developments, spans more than 110 cities in over 20 countries. CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region.

The listed entities in the CapitaLand Group include Australand, CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust, CapitaRetail China Trust, CapitaMalls Malaysia Trust and Quill Capita Trust.


Joan Tan, Assistant Vice President, Corporate Communications

Tel: (65) 6500 3401   

HP: (65) 9743 9503   

Email: joan.tan@the-ascott.com

Tan Hock Lee, Assistant Manager, Corporate Communications

Tel: (65) 6500 3402   

HP: (65) 9108 7017   

Email: tan.hocklee@the-ascott.com