Guess how many units Ascott is operating all over the world

It has penetrated 78 cities.

According to OCBC, over the last month, Ascott Limited secured two management contracts in Wuxi, China (the 134-unit Ascott Central Wuxi and 169-unit Somerset Wuxi), one contract in Riyadh, Saudi Arabia (the 230-unit Ascott Olaya Riyadh) and two in Jeddah, Saudi Arabia (the 166-unit Citadines Tahlia Jeddah and 136-unit Citadines Al Salamah Jeddah).

This carries on a track record of robust growth for CAPL’s serviced residence business where the number of owned/managed units has grown at a CAGR of 13% since 2000.

Here's more from OCBC:

Ascott is now the world’s largest international serviced residence owner-operator with 31,770 units in 78 cities as at end 1Q13.

Over 1Q13, overall portfolio REVPAU remained stable at S$109, with China, Europe and the Gulf region and India up 4%, 2% and 2% YoY, respectively.

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