18 Sep

Ascott Voted Top Serviced Residence In Asia Pacific And UK By Business Traveller Magazine

Ascott is first company to win ‘Best Serviced Residence Company’ award by Business Traveller UK magazine

Singapore, 18 September 2007 – The Ascott Group was voted the ‘Best Serviced Residence Company’ by readers of Business Traveller UK magazine.  The Group is the first company to be chosen the winner for the serviced residence category which was created for the first time by Business Traveller UK magazine. 

Besides winning the Business Traveller UK award, the Group’s Ascott brand was voted the ‘Best Serviced Residence Brand’ in Asia Pacific, and its China property Ascott Shanghai Pudong was voted the ‘Best Serviced Residence’ in Asia Pacific by readers of Business Traveller Asia Pacific magazine. Ascott bagged these two awards for four years running since the launch of these serviced residence categories for Asia Pacific in 2004.

Business Traveller magazine is one of the world’s leading travel publications that has 10 different editions including UK and Europe, Asia Pacific and China. The different editions of the magazine run annual polls of its readers who are frequent travellers not just within the region, but around the world. The annual awards recognise the best in the travel industry and they cover categories including airlines, airports, hotels, car rental and luggage.

Mr Gerald Lee, The Ascott Group’s Deputy Chief Executive Officer (Operations), said: “We are honoured to win the inaugural award for serviced residence by Business Traveller UK magazine.  The creation of this new award category recognises the growing popularity of serviced residences among business travellers.  Winning the three awards attests to Ascott’s international appeal and recognises that Ascott is the preferred brand in Asia Pacific and Europe.  Credit goes to our employees for their commitment to go the extra mile to ensure our customers have a memorable experience with Ascott.”

About The Ascott Group

The Ascott Group is the largest international serviced residence owner-operator outside the United States with over 14,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as another 5,200 units which are under development, making a total of 19,200 units.

The Group operates three brands – Ascott, Somerset and Citadines. Its portfolio spans 51 cities in 22 countries, nine of which are cities where Ascott's serviced residences are being newly developed. Ascott's properties can be found in cities including London, Paris, Brussels, Berlin and Barcelona in Europe; Singapore, Bangkok, Hanoi, Kuala Lumpur, Tokyo, Seoul, Shanghai, Beijing and Hong Kong in Asia; Sydney, Melbourne and Auckland in Australia / New Zealand, as well as Dubai in the Gulf region.

The Ascott Group is headquartered in Singapore. It pioneered Asia Pacific's first branded luxury 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 Group boasts a 23-year industry track record and serviced residence brands that enjoy recognition worldwide.

The Ascott Group's achievements have been recognised internationally. Recent awards include Forbes China 2008 ‘China’s Best Serviced Apartments’, TravelWeekly Asia Industry Awards 2007 'Best Serviced Residence (Group)', China 2007 'Top 100 Serviced Apartments Award', Vietnam Economic Times 2006 'Golden Dragon Award', The Asset's 2006 'Triple A Country Award for Best Deal in Singapore', Travel Weekly China 2006 'Best Serviced Residence', Business Traveller China 2006 'Best Serviced Residence Brand in China', TTG Travel 2006 'Best Serviced Residence', 2006 World Travel Awards, Business Traveller Asia Pacific 2006 'Best Serviced Residence Brand' and 'Best Serviced Residence' awards. For a full list of awards, please visit: https://www.theascottgroup.com/aboutus/awards_and_accolades.html?year=2007.

Listed on the mainboard of the Singapore Exchange, The Ascott Group is the serviced residence arm of CapitaLand Limited, one of the largest listed real estate companies in Asia. Headquartered in Singapore, the multinational company's core businesses in real estate, hospitality and real estate financial services are focused in gateway cities in Asia Pacific, Europe and the Middle East. The company's real estate and hospitality portfolio spans more than 90 cities in over 20 countries.

For more information on The Ascott Group’s property listings, visit

Celina Low, Vice President, Corporate Communications

Tel: (65) 6586 0475 

HP: (65) 9682 5458 

Email: celina.low@the-ascott.com

Joan Tan, Senior Manager, Corporate Communications

Tel: (65) 6586 0474 

HP: (65) 9743 9503 

Email: joan.tan@the-ascott.com

Lilian Goh, Head, Investor Relations

Tel: (65) 6586 7231  

HP: (65) 9795 5225  

Email: lilian.goh@the-ascott.com