Ascott eyes doubling portfolio in India by 2028

Ascott added 600 units with three deals in Goa, Lucknow, and Thanjavur.

The Ascott Limited, the lodging business unit of CapitaLand Investment (CLI), plans to double its portfolio in India to 12,000 units by 2028.

Capitalising on India's positive hospitality outlook, Ascott added 600 units in its India portfolio with three signings in Goa, Lucknow, and Thanjavur, expanding to 6,100 units across 22 properties.

“A dual focus on geographic and brand expansion will drive our growth strategy in India. Currently, 85% of Ascott’s operating portfolio in India is concentrated in Tier-1 cities such as Bangalore, Chennai and Hyderabad,” Lee Ngor Houai, chief operating officer, Europe, Middle East, Africa (EMEA), South Asia and China, at Ascott, said.

Houai stated the group will also focus on fast-growing Tier-2/3 cities due to rising interest in India's lesser-known destinations and the scarcity of branded hotels there.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia