20 Apr
2018

Ascott Wins Middle East's Leading Serviced Apartment Brand At World Travel Awards 2018 For The Third Consecutive Year

Singapore, 20 April 2018 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), continued to receive worldwide recognition, having won four prestigious accolades at this year’s World Travel Awards Middle East Gala Ceremony. It was the biggest winner among the serviced residence companies.

Ascott was crowned the top honour of Middle East’s Leading Serviced Apartment Brand for the third consecutive year, as well as Saudi Arabia’s Leading Serviced Apartment Brand for the second consecutive year. Ascott Park Place Dubai was accorded Dubai’s Leading Serviced Apartments for two years in a row, while Ascott Sari Jeddah was recognised as Saudi Arabia’s Leading Serviced Apartments.

Mr Vincent Miccolis, Ascott’s Regional General Manager for the Middle East, Africa and Turkey, said: “We are honoured to be recognised for our reputable and established brands, and quality properties in the region. These four prestigious awards, three of which we have won for a few consecutive years, have also affirmed the hard work of our Ascott team. They go the extra mile to provide the best customer experience for our guests, setting high standards for the industry.”

Dubbed the ‘Oscars’ of the travel and tourism industry, the World Travel Awards recognises the foremost tourism and hospitality brands globally for their product and service excellence. Winners are voted by travellers and travel professionals worldwide.

He added: “Ascott is closing in on our goal of achieving 5,000 units in the Middle East, Africa and Turkey by 2020 as we have already surpassed 3,300 units in over 23 properties across 12 cities.  We look forward to growing our presence in the region and the opening of properties in Dubai, Makkah and Al Khobar in Saudi Arabia, as well as Accra, Ghana in Africa this year.”

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About The Ascott Limited

The Ascott Limited is a Singapore company that has grown to be one of the leading international serviced residence owner-operators. It has over 43,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe, the Middle East and Africa, as well as more than 31,000 units which are under development, making a total of more than 75,000 units in over 500 properties. The company’s brands include Ascott, Citadines, Somerset, Quest, The Crest Collection, and lyf. Ascott’s portfolio spans more than 130 cities across over 30 countries.

Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide.

Ascott’s achievements have been recognised internationally. Recent awards include World Travel Awards 2018 for ‘Leading Serviced Apartment Brand’ in the Middle East; DestinAsian Readers' Choice Awards 2018 for ‘Best Serviced Residence Brand’; TTG China Travel Awards 2018 for ‘Best Serviced Residence Operator in China’; World Travel Awards 2017 for ‘Leading Serviced Apartment Brand’ in Asia, Europe and the Middle East; Business Traveller Asia-Pacific Awards 2017 for ‘Best Serviced Residence Brand’; Business Traveller UK Awards 2017 for ‘Best Serviced Apartment Company’ and Business Traveller China Awards 2017 for ‘Best Serviced Residence Brand’.. For a full list of awards, please visit www.the-ascott.com/ascottlimited/awards.html.

About CapitaLand Limited

CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio worth more than S$88 billion as at 31 December 2017, comprising integrated developments, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 150 cities in over 30 countries, the Group focuses on Singapore and China as core markets, while it continues to expand in markets such as Vietnam and Indonesia.  

CapitaLand’s competitive advantage is its significant asset base and extensive market network.  Coupled with extensive design, development and operational capabilities, the Group develops and manages high-quality real estate products and services. It also has one of the largest investment management businesses in Asia and a stable of five REITs listed in Singapore and Malaysia – CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.

Visit www.capitaland.com for more information.