Media OutReach
Ascott aims to double India portfolio to 12,000 units by 2028 and commits to grow India as a key outbound source market
- Inks three signings in Q1 2025 to add 600 units under the Oakwood brand, bringing Ascott’s current portfolio in India to ~6,100 units
- Introduces lyf, The Crest Collection and The Unlimited Collection brands to cater to the evolving needs of next-gen travellers and address the growing demand for authentic Indian heritage and cultural experiences
MUMBAI, INDIA / SINGAPORE – Media OutReach Newswire – 10 April 2025 – The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), plans to double its portfolio in India to 12,000 units by 2028, up from about 5,500 units at the end of 2024. This was announced at the 20th Hotel Investment Conference – South Asia (HICSA), in Mumbai, where Ascott’s Chief Executive Officer Kevin Goh spoke on the topic of ‘Redefining Global Living’ – expounding on how global living today has become a reflection of how people live, work, and travel seamlessly across borders. On the back of favourable growth prospects in the Indian hospitality market, Ascott is riding on a strong momentum in the first quarter of 2025 with three signings in Goa, Lucknow and Thanjavur. These signings collectively added 600 units to Ascott’s India portfolio, which now totals about 6,100 units across 22 properties, including both operating and in the pipeline.
Mr Kevin Goh, Chief Executive Officer, Ascott said: “India is an important inbound and outbound market for Ascott, with strong growth potential as it continues to evolve into one of the world’s largest economies. With a rapidly growing middle class, increasing disposable incomes and improving infrastructure, India’s dynamic economic landscape is unlocking immense opportunities for its travel and hospitality sectors. Despite promising prospects, the supply of branded hotel rooms in India remains limited[1], creating a significant demand-supply gap that opens up tremendous potential for Ascott to contribute to the country’s hospitality growth.”
“As diverse demand drivers fuel India’s hospitality sector, Ascott is well-positioned to capitalise on this growth with our flex-hybrid model that seamlessly adapts to shifting demand across both transient and extended stays. This competitive edge is reinforced by Ascott’s multi-typology brand strategy, enabling us to serve every type of guest with a diverse portfolio ranging from select- to full-service operations. Backed by the in-market expertise of our local team in India, we are confident in delivering exceptional value to our owners while enhancing the guest experience. As we strengthen our brand presence in India, we believe the country will become a key source market for Ascott’s properties worldwide,” added Mr Goh.
Mr Lee Ngor Houai, Chief Operating Officer, Europe, Middle East, Africa (EMEA), South Asia and China, Ascott, said: “Moving forward, our growth strategy in India will be driven by a dual focus on geographic and brand expansion. Currently, 85% of Ascott’s operating portfolio in India are concentrated in Tier-1 cities such as Bangalore, Chennai and Hyderabad. We will continue to strengthen our presence in these high-performing Tier-1 cities, while also expanding our focus on the fast-growing Tier-2 and Tier-3 cities. This strategy is driven by growing interest in India’s lesser-travelled destinations and the significant under-penetration of branded hotels in these cities.”
“In addition to growing our Ascott, Citadines, Oakwood and Somerset brands already in India, we look forward to launching more of our multi-typology brands here. We see strong potential in introducing lyf, our experience-led social living brand, to tap into the rise of India’s urban millennial and Gen Z workforce, along with the growing digital nomad trend. As demand for flexible, community-focused stays grows, lyf aligns perfectly with India’s next-gen travellers. Furthermore, our collection brands, The Unlimited Collection and The Crest Collection, are poised to meet the rising demand for immersive cultural and heritage experiences in India, turning stays into unforgettable journeys,” added Mr Lee.
Leveraging opportunities to connect with industry partners and owners, Ascott’s development team was present at the Hotel Investment Conference-South Asia (HICSA) in Mumbai this week to showcase the group’s portfolio of brands while expanding on business opportunities.
Year-To-Date Signings in India
In line with its geographical expansion strategy in India, Ascott has successfully secured three new signings in key Tier-2 and Tier-3 cities year-to-date, underscoring its commitment to tapping into emerging markets and meeting the growing demand for high-quality accommodations. Ascott is strengthening its presence in Goa, a prominent Tier-2 city and top leisure destination, with the signing of the 150-key Oakwood Sensation Dona Paula Goa. Located in Dona Paula, a popular tourist destination renowned for its scenic beauty and the iconic jetty offering panoramic views of the Arabian Sea, the property is conveniently close to Goa Dabolim Airport. It is also within easy reach of Panjim, the state capital and commercial hub, as well as Goa University and Goa Medical College. Leveraging Oakwood’s strength in catering to bleisure travel, the property will offer exceptional comfort for all types of stays. With a wide range of room configurations, in-house F&B outlets and meeting spaces, Oakwood Sensation Dona Paula Goa is designed to meet the needs of both short and long stays, ensuring a seamless blend of business and relaxation. The property is slated to welcome guests from 2028.
This signing joins the earlier announced Oakwood Thanjavur and Oakwood Ekana Sportz City Lucknow. Similar to Oakwood Sensation Dona Paula Goa, Oakwood Thanjavur is a collaboration between Ascott and Sensation Hospitality Avenues. Set to open in 2028, it will mark Ascott’s debut in Thanjavur, a Tier-3 city known as a vibrant artistic hub. The 100-unit property will showcase Ascott’s commitment to providing culturally immersive stay experiences in key emerging destinations across India.
Opening at the end of 2029, Oakwood Ekana Sportz City Lucknow is in Lucknow, the capital of Uttar Pradesh and a rapidly growing Tier-2 city undergoing significant infrastructure development. Situated within Ekana Sportz City, which boasts world-class sporting venues like the Ekana Cricket Stadium, along with residential, commercial, hospitality and medical facilities, the 350-unit Oakwood property will offer premium hospitality to sports enthusiasts, corporate travellers and leisure guests. This signing marks Ascott’s inaugural partnership with Ekana Infra Projects and its first venture into Lucknow, underscoring its commitment to expanding in emerging, high-potential markets.
Leveraging India’s Growing Outbound Market Potential
As India experiences rising economic prosperity, growing middle-class incomes and a surge in aspirational travellers, it is rapidly emerging as a key outbound source market for leisure travel. With the country’s population surpassing 1.4 billion and a median age of just 27.6, India is positioned for significant growth in consumption, with leisure and recreation spending set to double by 2030, according to a 2023 report by McKinsey & Company.
To tap into this potential, Ascott is leveraging its diverse portfolio of 14 brands across multiple typologies to attract Indian travellers to experience its global network of properties. In February 2025, Ascott’s global sales team made a strong showing at SATTE (South Asia’s Travel & Tourism Exchange), engaging with a wide range of domestic and international buyers from across the travel, tourism and hospitality industry to drive new business opportunities.
Strategic Expansion and Upcoming Openings in India
In 2024, Ascott marked significant milestones in its expansion in India with the opening of its first property in a Tier-2 city, Citadines Arpora Nagoa Goa, in Goa, followed by the signing of Citadines Sec 21C Faridabad in the growing city of Faridabad. This expansion was complemented by continued growth in Tier-1 cities, with the signing of Oakwood Navi Mumbai and Oakwood Electronic City Bangalore, alongside the opening of Citadines Paras Square Gurugram.
Looking ahead to 2026, Ascott expects to grow its operational portfolio in India by almost 60%, expanding from the current seven to 11 properties. This includes the debut of Ascott Ireo City Gurugram, marking the inaugural property under the company’s namesake Ascott brand in India. Strategically located in the heart of Ireo City, this property will capture the vibrant, modern spirit of Gurugram, further enhancing Ascott’s footprint in India’s key urban centres.
Hashtag: #TheAscottLimited
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About The Ascott Limited
The Ascott Limited (Ascott) is driven by a vision to be the preferred hospitality company, enriching global living with heartfelt experiences. With a portfolio of over 980 properties across more than 230 cities in over 40 countries, Ascott’s presence spans Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Its diverse collection of award-winning brands includes Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection, The Unlimited Collection, Fox, Harris, POP!, Preference, Quest, Vertu and Yello.
Ascott specialises in managing and franchising a wide range of lodging options, including serviced residences, hotels, resorts, social living properties and branded residences, catering to the varying needs and preferences of global travellers. Through the Ascott Star Rewards (ASR) loyalty programme, members enjoy exclusive privileges and curated experiences, enhancing every aspect of their travel journey.
As a wholly owned business unit of CapitaLand Investment Limited, Ascott generates fee-related earnings by leveraging its expertise in both lodging management and investment management. It also drives the expansion of funds under management by growing its sponsored CapitaLand Ascott Trust and private funds.
For more information on Ascott and its sustainability programme, please visit www.discoverasr.com/the-ascott-limited. Alternatively, connect with Ascott on Facebook, Instagram, 
TikTok and LinkedIn.
About CapitaLand Investment Limited
Headquartered and listed in Singapore in 2021, CapitaLand Investment Limited (CLI) is a leading global real asset manager with a strong Asia foothold. As at 31 December 2024, CLI had S$136 billion of assets under management, as well as S$117 billion of funds under management held via stakes in seven listed real estate investment trusts and business trusts and a suite of private real asset vehicles that invest in demographics, disruption and digitalisation-themed strategies. Its diversified real asset classes include retail, office, lodging, industrial, logistics, business parks, wellness, self-storage, data centres, private credit and special opportunities.
CLI aims to scale its fund management, lodging management and commercial management businesses globally and maintain effective capital management. As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand Group’s development arm. In 2025, CapitaLand Group celebrates 25 years of excellence in real estate and continues to innovate and shape the industry.
As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for Scope 1 and 2 by 2050. CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.
Link: Guizhou in July
In midsummer July, Malaysian travel operators and cultural tourism influencers visited Guizhou, China, a renowned summer retreat, as if stepping into another season. Known as the “Green Karst Kingdom” and a “Natural Air Conditioner,” Guizhou has a mountainous area coverage of 92.5% and an average summer temperature of just 23°C. Beyond its cool climate, Guizhou offers a hidden-gem experience where spectacular landscapes meet diverse cultures, leaving every visitor amazed.
Link: https://youtu.be/nL7ayiYqB-k?si=nfasDLnhaBIFgkqB
Spectacular Landscapes at Every Turn
From the lush peak forests of Wanfenglin to the magnificent Huangguoshu Waterfall; from the emerald waters of Xiaoqikong to the cloud-covered summit of Mount Fanjing; and to the world-record Huajiang Grand Canyon Bridge spanning a deep gorge, every landscape in Guizhou is worth a stop. A Malaysian travel influencer remarked, “Before departure, I had only heard that Guizhou was a summer retreat. After visiting, I realized the surprises go far beyond 23°C.”
Cultural Experiences Full of Surprises
Visitors can enter distinctive villages and try intangible cultural heritage crafts such as Miao embroidery and batik; gather around a long-table banquet to taste local specialties such as sour soup fish and spicy chicken; explore cool hidden landscapes within a World Natural Heritage site with children through waterfall play and paddleboarding; or venture deep into ancient caves for an underground adventure. From heritage crafts to nature exploration, Guizhou offers family-friendly experiences for everyone to enjoy.
A Spontaneous Trip Made Easy
This summer, reserve a ticket for Mysterious Guizhou, and begin your “summer escape plan.”
Explore more of Mysterious Guizhou: www.guizhoutravel.com
Hashtag: #Guizhou
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Media OutReach
“Achievements of National Aerospace Endeavours” Thematic Exhibition Makes First Stop at Hong Kong Science Park
HKSTP Advances AI Industry with Tech Delegation at WAIC 2026
HONG KONG SAR – Media OutReach Newswire – 16 July 2026 – To celebrate the 105th anniversary of the founding of the Communist Party of China, Hong Kong Science and Technology Parks Corporation (HKSTP) today held the “Achievements of National Aerospace Endeavours” Thematic Exhibition Kick-off Ceremony cum Aerospace Experts Sharing Forum at Hong Kong Science Park, marking the opening of a seven-day roving exhibition.
At the first stop of the roving exhibition, Hong Kong Science Park will host the exhibition at the Atrium Link from today until 22 July 2026, showcasing the nation’s major achievements in aerospace development, as well as the participation and contributions of Hong Kong’s research community in aerospace technology, space robotics and deep space exploration. It aims to enhance public understanding of the nation’s development and foster a stronger sense of pride, while inspiring young people to develop an interest in innovation and technology (I&T) and aerospace.
The ceremony was officiated by Professor Sun Dong, Secretary for Innovation, Technology and Industry, together with Ms Cordelia Chung, Chairman of HKSTP, and Ms Connie Wong Wai-ching, Standing Committee Member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), and Vice President of the Friends of Hong Kong Association, alongside other distinguished guests, witnessing a new milestone in the nation’s aerospace achievements.
Professor Sun Dong, Secretary for Innovation, Technology and Industry, said in his remarks: “The inspiring story of Dr Lai Ka-ying becoming Hong Kong’s first astronaut is a vivid example of Hong Kong’s participation in the nation’s major scientific and technological missions, and a fruitful achievement of the great practice of ‘one country, two systems.’ Hong Kong’s R&D teams have long participated in and made active contributions to the nation’s deep-space exploration missions. For example, a team from the Hong Kong University of Science and Technology independently developed the Multi-Spectral Imaging Carbon Observatory (MUSICO), Hong Kong’s first scientific payload on the national space station to monitor greenhouse gas. Recently, Dr Lai and two other astronauts completed the in-cabin assembly and testing and extravehicular installation of MUSICO, which can accurately monitor greenhouse gases across the mid- and low-latitude regions on the Earth, providing critical data for the nation’s carbon peaking and carbon neutrality strategies. As we embark on a new journey, we must leverage I&T to empower Hong Kong’s social development, enhance governance efficiency, and better integrate into and serve the nation’s development. We will also uphold the spirit of space exploration of perseverance in the face of challenges to accelerate the development of Hong Kong into an international I&T centre.”
Connecting Hong Kong’s Research Strength with National Aerospace Development
In recent years, the nation’s aerospace endeavours have continued to make breakthroughs in areas ranging from deep-space exploration and satellite technology to space science research, opening up new possibilities across multiple scientific disciplines.
Leveraging its world-class universities, outstanding research talent, internationalised innovation ecosystem, and the unique advantage of close ties with the Mainland, Hong Kong is actively contributing to the development of the nation’s aerospace technology.
The exhibition presents the development and landmark achievements of the nation’s aerospace endeavours. It also demonstrates how Hong Kong research teams apply artificial intelligence (AI), robotics, space science and engineering research to support space exploration and related technology applications. Through this exhibition, industry stakeholders and members of the public can gain a deeper understanding of the city’s research capabilities and I&T talent.
Ms Cordelia Chung, Chairman of HKSTP, said, “This year marks the beginning of the nation’s 15th Five-Year Plan, with aerospace technology identified as a key area in building the nation into a leading science and technology power. Dr Lai Ka-ying, Hong Kong’s first payload specialist, travelled into space aboard the Shenzhou-23 spacecraft, realising Hong Kong’s aerospace dream and demonstrating strong recognition of the city’s research capabilities and I&T talent. HKSTP is honoured to serve as the first stop of the ‘Achievements of National Aerospace Endeavours’ roving exhibition. Looking ahead, we will continue to bring together talent and foster interdisciplinary, cross-regional and cross-sector collaboration. By supporting frontier R&D in areas such as aerospace technology, we aim to provide a broader platform for Hong Kong’s research talent and contribute Hong Kong’s strengths to the nation’s aerospace endeavours and pursuit of greater technological self-reliance.”
Ms Connie Wong, Standing Committee Member of the National Committee for the Chinese People‘s Political Consultative Conference (CPPCC), and Vice-President of Friends of Hong Kong Association, shared in her speech: “We believe that the cultivation of young talent is indispensable to technological innovation. Based on this philosophy, Friends of Hong Kong Association co-organised the Achievements of National Aerospace Endeavours Thematic Exhibition, encouraging the next generation to pursue careers in science and innovation and to be contributors to the nation’s I&T endeavours.”
Three Experts Share Insights on Frontier Trends in Space Technology
An Aerospace Experts Sharing Forum was held alongside the kick-off ceremony. Moderated by The Honourable Mr Duncan Chiu, Legislative Council Member for the Technology & Innovation Functional Constituency, the forum brought together three aerospace and space technology experts from local universities and the InnoHK research and development platform:
- Professor SU Hui: Chair Professor of the Department of Civil and Environmental Engineering, Global STEM Professor, and Co-Director of the Institute for Space Science and Technology at The Hong Kong University of Science and Technology, and Founder of Stellerus Technology
- Professor GAO Yang: Director of the Center for Artificial Intelligence and Robotics for Space Sustainability, Co-Director of the Institute for Space Science and Technology at The Hong Kong University of Science and Technology, and Director of the Hong Kong Space Robotics and Energy Centre under InnoHK
- Professor WU Bo: Chang Xin Yu Professor of Space Science, Associate Director of the Research Centre for Deep Space Explorations at The Hong Kong Polytechnic University, and Associate Director of the InnoHK Hong Kong Centre for Space Robotics and Energy
Drawing on their respective areas of expertise, the three experts shared insights into the application of AI and robotics in space missions, key technologies involved in deep-space exploration, and the experience of Hong Kong research teams participating in national aerospace projects. They also explored space sustainability, the commercialisation of research outcomes and cross-regional collaboration, while encouraging young talent to pursue opportunities in aerospace technology.
HKSTP Leads Hong Kong Tech Firms to the World’s Largest AI Exhibition – WAIC 2026, Strengthening the AI Commercialisation Ecosystem
HKSTP has long supported the accelerated adoption of AI across industries to foster cross-sector collaboration and enhance productivity.
HKSTP, together with the Hong Kong Trade Development Council (HKTDC), Cyberport, and Hong Kong-Shenzhen Innovation and Technology Park Limited (HSITP), will lead a delegation of 18 Hong Kong tech companies to the 2026 World Artificial Intelligence Conference & High-Level Meeting on Global AI Governance (WAIC 2026). Taking place from 17 to 20 July at the Shanghai World Expo Exhibition and Convention Center, the delegation will showcase Hong Kong’s growing role as a global AI innovation hub and support the nation’s AI strategy. Six HKSTP park companies among the delegation will present solutions spanning humanoid robots, smart mobility, climate technology, AI agents, and generative AI.
Stellerus Technology Limited, founded by Professor SU Hui, leading the “MUSICO” (Multi-Spectral Imaging Carbon Observatory) project — Hong Kong’s first payload project deployed on the Tiangong Space Station — will present its latest AI-powered climate and meteorological solutions at WAIC 2026.
SUTPC Digital Technology (Hong Kong) Limited, a leading enterprise in the nation’s smart city and intelligent transport sectors, and NineRay Technology Limited, which specialises in the research, development and production of high-performance, productivity-oriented humanoid robotics, will also showcase their advanced solutions in the exhibition. By demonstrating how AI can empower business operations, urban governance and sustainable development, the Hong Kong delegation aims to promote human-AI collaboration and innovation.
“Achievements of National Aerospace Endeavours” Thematic Exhibition
Date: 16–22 July 2026
Venue: Atrium Link, Hong Kong Science Park
2026 World Artificial Intelligence Conference & High-Level Meeting on Global AI Governance (WAIC)
Date: 17–20 July 2026
Venue: Shanghai World Expo Exhibition and Convention Center, Shanghai, China
Hong Kong Pavilion: Booth E101, Hall 2
Appendix: WAIC 2026 – List of 6 HKSTP tech entities (in alphabetical order)
- JiHu GitLab Technology Limited
- KNQ Technology Limited
- NineRay Technology Limited
- Robocore Technology Limited
- Stellerus Technology Limited
- SUTPC Digital Technology (Hong Kong) Limited
Hashtag: #HKSTP
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About Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP), established in 2001, has built a thriving innovation and technology (I&T) ecosystem in Hong Kong, supporting 13 unicorns, nurturing over 17,000 research talents, and hosting more than 2,400 technology companies from 26 countries and regions specializing in biomedicine, AI and robotics, fintech, and smart city development. HKSTP is dedicated to positioning Hong Kong as an international I&T hub.
To align with Hong Kong’s future development, HKSTP is committed to attracting and cultivating I&T talent, accelerating the commercialization of innovative outcomes, and providing comprehensive support for technology companies and professionals on their innovation journey. Its vibrant I&T ecosystem continues to grow, encompassing Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong, and three InnoParks in Tai Po, Yuen Long, and Tseung Kwan O. These facilities drive advancements in applied technology, focusing on industries such as advanced manufacturing, micro- electronics, and biotechnology, steering Hong Kong toward new industrialization.
Hong Kong Science Park Shenzhen Branch, located in Futian, Shenzhen, leverages the strategic advantage of “support of the Motherland, connecting to the world.” It serves as a bridge for “bringing in and going global,” actively fostering cross-border I&T collaboration. The Shenzhen Branch supports global technology companies and professionals by providing research and collaboration spaces, with a focus on enterprises in seven key sectors: Medtech, big data and AI, robotics, new materials, microelectronics, fintech, and sustainable development.
HKSTP is dedicated to advancing Hong Kong’s I&T development by providing research infrastructure, startup and enterprise support services, professional investment and business expertise, fostering partnership networks, and attracting top talent. These efforts drive innovation as a new engine for economic growth for Hong Kong.
More information about HKSTP is available at 
www.hkstp.org.
With the theme “Vibrant Free Trade Port, Charming Hainan Island,” this year’s carnival will present more than 50 distinctive events across the island, blending ocean thrills, rainforest wonders, millennia-old cultural heritage, signature cuisine, and dazzling nighttime light shows.
Unlike traditional island holiday models, this year’s carnival breaks free from the spatial limits of conventional scenic spots, introducing a brand-new concept of “the whole island as a carnival.” Four featured thematic segments debut with innovative offerings: water sports, joyful performances, gourmet flavors, and trendy shopping. Catering to outdoor adventurers, cultural enthusiasts, family travelers, and food lovers alike, the carnival offers a fully tailored vacation experience—ensuring every guest discovers their own unique island delight.
During the carnival, Hainan’s entire island will come alive in synergy, with highlights unfolding everywhere. In Sanya and Lingshui, romance by the sea sets the tone, with beach music festivals and island art exhibitions bringing to life a laid-back yet passionate summer atmosphere. In Wanning and Qionghai, the spotlight is on trendy outdoor pursuits, with surfing adventures and island cycling events taking center stage one after another. In the central rainforest region, the focus is on wellness and slow living. Activities such as rainforest trekking and immersive Li and Miao cultural experiences invite visitors to escape the bustle of the city and encounter the pristine beauty of nature. In Danzhou’s Haihua Island on the western coast, the grand carnival will conclude with a spectacular mass chorus carnival, bringing the entire celebration to a resounding finale.
Meanwhile, a grand culinary carnival unfolds across Hainan, with coastal specialty markets, Southeast Asian–style food streets, and rainforest-themed dining experiences spread throughout the island’s cities and counties. Fresh seafood, authentic local snacks, and a dazzling array of Southeast Asian flavors set the stage, while a starry beachside gala dinner—rich in atmosphere—brings together ocean views, gourmet cuisine, and live music for an immersive holiday experience.
For international visitors, Hainan continues to expand its openness: citizens of 86 countries enjoy visa-free entry with a 30-day stay, while international routes at Haikou and Sanya airports are steadily increasing, making the island directly accessible from many global destinations with efficient and convenient travel. To further enhance the inbound holiday experience, this year’s carnival upgrades exclusive benefits for international visitors, offering multilingual guided tours, exclusive discounted flight & hotel packages, and special duty-free promotions—delivering a wealth of benefits across the island.
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