Media OutReach
Ascott Records Strongest-ever Southeast Asia Signings in 2025, Powering Multi-typology Growth
The momentum placed Ascott among the top three hospitality companies in Southeast Asia by new signings in 2025, according to Horwath HTL. Building on this performance, Ascott has an established regional portfolio comprising over 200 operational properties and a pipeline of about 150 properties across Southeast Asia, spanning multiple typologies and markets. With more than 25 new properties expected to open within the next 12 months, the pipeline reflects strong owner confidence in Ascott’s brands and its proven ability to convert signings into operational properties at scale.
Ascott’s expansion is underpinned by Southeast Asia’s structurally resilient tourism fundamentals. Following the region’s near-complete post-pandemic recovery in 2025, travel momentum is increasingly driven by intra-ASEAN demand, rising visitor spending and improving regional connectivity[1]. At the same time, the region’s hospitality market remains highly fragmented, with independent and unbranded properties accounting for most hotel supply. As more owners look to established international operators for brand strength, distribution reach and revenue capabilities, Southeast Asia continues to present a strong pipeline for Ascott’s growth across signings and conversions.
Ms Serena Lim, Chief Growth Officer, Ascott, said: “Southeast Asia continues to be one of the most dynamic hospitality markets in the world and Ascott is well positioned to capture the opportunity. With over four decades in our home base, we have established deep market expertise and a trusted brand presence, positioning us for our next phase of growth. Our expansion is intentional and owner‑led, anchored by long‑term partnerships with owners who value our flex‑hybrid model and its ability to deliver resilient outcomes. Supported by our multi‑typology brand strategy, we have moved beyond our serviced residence heritage to unlock opportunities across a broader range of lodging types. The depth of owner interest and track record across Southeast Asia gives us confidence in both our pipeline and our ability to execute this expansion.”
Ms Wong Kar Ling, Chief Strategy Officer and Managing Director, Southeast Asia, Ascott, said: “The upcoming wave of openings reinforces Southeast Asia’s role as both a core growth engine and a showcase for Ascott’s multi-typology brand strategy. As we scale across cities and resort destinations, disciplined execution remains our focus – from efficient conversions to reliable delivery on the ground. The strength of our local teams has been instrumental in translating strategy into outcomes, turning pipeline into reality with the speed and precision our owners and guests expect. We are particularly excited about our upcoming resort openings across the region, which will meaningfully expand our leisure offerings and open up new destinations for Ascott Star Rewards members to explore and enjoy their rewards.”
Growing into New Cities and Markets
Ascott’s development pipeline will extend its footprint into around 20 new cities across Southeast Asia, taking the company beyond established gateway markets and deeper into emerging leisure and business destinations. New cities entering the Ascott portfolio include Phu Quoc and Nha Trang in Vietnam; Phuket and Hat Yai in Thailand; Labuan Bajo and Medan in Indonesia; Davao and Biñan in the Philippines; and Johor Bahru and Langkawi in Malaysia.
Driving Speed to Market through Conversions and Brownfields
About 30% of the development pipeline in Southeast Asia will be delivered through conversions, reflecting Ascott’s capability to reposition existing assets under its brands and accelerate market entry. Among the notable examples are three Bayview-branded properties in Penang and Langkawi owned by Oriental Holdings, which will be rebranded as Ascott Batu Ferringhi Penang, Oakwood Georgetown Penang and FOX Hotel Langkawi by 2028. Conversion projects expected to open within approximately one year of signing include Citadines Mitra Bandung, Oakwood Pandanaran Semarang and Fox Hotel Nagoya Batam.
Alongside new-build developments, conversions enable Ascott to meet demand in markets where opportunities exist but greenfield supply pipelines are constrained. This dual-track approach strengthens Ascott’s ability to scale efficiently across diverse markets and property types.
Expanding Across Multiple Lodging Types
The development pipeline across Southeast Asia reflects the full breadth of Ascott’s multi‑typology brand strategy, anchored by its serviced residence heritage and extending across hotels, resorts, social living properties and branded residences. It spans brands including Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection and The Unlimited Collection. This range of brands and formats positions Southeast Asia as a showcase for Ascott’s ability to address demand across different markets, guest segments and destination types.
Resort properties represent one of the most significant areas of growth within this pipeline. Upcoming resort openings across Vietnam, Indonesia, the Philippines, Malaysia and Thailand will complement Ascott’s established urban portfolio and strengthen its balance across business and leisure travel segments.
Highlights of Upcoming Openings
More than 25 properties from Ascott’s pipeline are expected to open within the next 12 months. These near‑term openings follow the launches of Somerset Valero Makati in the Philippines and Oakwood Cameron Highlands in Malaysia earlier this year, and form part of a broader rollout across Southeast Asia.
Ascott Tay Ho Hanoi
Ascott Tay Ho Hanoi is poised to become Ascott’s largest full‑service MICE hotel and a landmark events and hospitality destination in Vietnam’s capital. Located on the shores of West Lake in Hanoi’s upscale Tay Ho District, the property features an international convention centre that is already operational, offering 13 flexible event spaces including Hanoi’s largest pillarless hotel grand ballroom with capacity for up to 2,000 guests. When fully open in 2027, the property will also offer 1,165 hotel rooms and serviced apartments as well as premium wellness facilities including a spa, gym, indoor and outdoor swimming pools and yoga rooms, alongside 10 dining concepts and a sky bar overlooking the lake. Ascott Tay Ho Hanoi combines long-stay living, hotel accommodation and world-class MICE facilities under one roof, firmly establishing Ascott’s credentials in Vietnam’s fast-growing meetings and events market.
Lasong Hotel & Villas Sam Son by The Unlimited Collection
Set to complete its full opening on 24 April 2026, Lasong Hotel & Villas Sam Son by The Unlimited Collection will mark the debut of a landmark wellness resort on Vietnam’s northern coast. Located at the confluence of the Ma River and Sam Son Beach in Thanh Hoa Province, the property brings together 68 boutique hotel rooms and 20 private pool villas already in operation since mid-2025, with the newly opening 190-room Sky Vista tower completing the full resort experience. Sky Vista is anchored by an authentic Korean jjimjilbang, four-season pool, plant-based dining and a full spa, drawing on Sam Son’s coastal heritage and Vietnamese-Korean wellness traditions to deliver a deeply local and distinctive stay.
HARRIS Resort Cam Ranh
Slated to open progressively from 4Q 2026, HARRIS Resort Cam Ranh marks the debut of the HARRIS brand in Vietnam and signals the start of a wave of Ascott resort openings along the country’s coastline. The 693-unit all-in-one resort is located along Long Beach in Cam Ranh, one of Vietnam’s fastest-growing leisure and aviation hubs. It is designed for families and leisure travellers, featuring specialty dining, a beach club, recreational facilities and dedicated meeting spaces.
Together, Lasong and HARRIS Resort Cam Ranh mark the beginning of Ascott’s significant resort push across Southeast Asia through 2028. In Vietnam, this will be followed by Citadines Selavia Phu Quoc in 2027 and Somerset Nha Trang in 2028.
Beyond Vietnam, the resort pipeline extends across multiple markets. Scheduled to open in 2027 are Ascott Abov Patong Phuket Resort in Thailand, lyf Resort Labuan Bajo and Oakwood Jimbaran Villas and Residences Bali in Indonesia, as well as Balai Dajao by Preference in Siargao, the Philippines. In 2028, this will be followed by Ascott Batu Ferringhi Penang in Malaysia, Citadines Mactan Cebu Resort in the Philippines and Oakwood Premier Berawa Beach Bali in Indonesia, expanding the range of leisure destinations available to Ascott Star Rewards members across the region.
1926 Heritage Hotel Penang by The Unlimited Collection
Opening in 2026 to coincide with its centenary, the 78-room 1926 Heritage Hotel Penang by The Unlimited Collection breathes new life into one of George Town’s most storied properties. Located on Burma Road within Penang’s UNESCO World Heritage-listed enclave, the hotel has been sensitively restored to preserve its original Anglo-Malay architectural character while delivering a full-service experience – including a swimming pool, gym, spa and wellness centre, hair salon, bar and bistro, restaurant, and flexible event spaces comprising a function hall and meeting room. The property exemplifies The Unlimited Collection’s philosophy of celebrating the cultural soul of a destination, offering guests an immersive gateway to Penang’s rich heritage and living culture. The reopening has already captured international attention, with The New York Times and Bloomberg highlighting the hotel in their respective features on Penang as a must‑visit destination for 2026.
lyf Chinatown Singapore
Slated to open in July 2026, lyf Chinatown Singapore exemplifies the lyf brand’s experience-led approach to social living, set against one of Singapore’s most historically significant precincts. The property is housed within a newly developed building linked to four pre-war conservation shophouses on Pagoda Street, within the Jamae Chulia Heritage site. Social spaces – including a coworking lounge, social kitchen, rooftop swimming pool and outdoor courtyard – are designed to foster community and connection among the next-generation of travellers, digital nomads and creatives. The property will also programme cultural experiences rooted in the local neighbourhood, reinforcing the lyf brand’s philosophy of integrating authentic local culture into the social living experience.
Somerset Clarke Quay Singapore
Somerset Clarke Quay Singapore forms part of CanningHill Piers, a landmark integrated development on River Valley Road. The 192-unit serviced residence occupies a prime riverfront address in the heart of the Clarke Quay day-to-night lifestyle precinct, with direct connectivity to Fort Canning MRT station and dual frontages facing the Singapore River and Fort Canning Hill. Rooted in biophilic design and thoughtful comfort, the property is conceived as a nature-inspired sanctuary where families can come together, with spaces crafted for connection, ease and everyday living – making it one of the most distinctive Somerset addresses in the region.
Ascott Ortigas Manila
Expected to open in 2026, Ascott Ortigas Manila marks the debut of the flagship Ascott brand in the Ortigas Central Business District, one of Metro Manila’s most dynamic commercial hubs. A conversion of the well-established Joy-Nostalg Hotel & Suites Manila, the 229-unit property closed in January 2026 for a comprehensive renovation of its rooms, public spaces and food and beverage offerings. Located directly across from the Asian Development Bank headquarters, it is ideally positioned to serve corporate, long-stay and leisure travellers, and will offer dining, a spa, fitness centre and event spaces upon reopening.
Hashtag: #TheAscottLimited #Hospitality #Growth #SEA
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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 more than 1,000 properties spanning over 230 cities across more than 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 revenue 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.
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 2025, CLI had S$125 billion of funds under management. CLI holds stakes in eight 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 and credit.
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.
CLI is committed to growing in a responsible manner, delivering long-term economic value and contributing to the environmental and social well-being of its communities.
Media OutReach
Vinpearl Partners With Three Leading Indian Travel Companies, Unlocking Access To A 1.47 Billion-Person Market
The agreements were signed at the Vietnam–India Business Forum, held as part of the State visit of General Secretary and President To Lam to India, in the presence of General Secretary and President To Lam and Maharashtra Chief Minister Shri Devendra Fadnavis.
The partnerships are expected to open direct access channels to all customer segments, stimulate travel demand and experiential tourism, and ultimately position Vietnam as a “preferred destination” for India’s 1.47 billion people.
Representing India are three of the country’s most influential and trusted travel distribution channels: Thomas Cook India, SOTC Travel, and MakeMyTrip. Thomas Cook India has strong expertise in group travel, corporate travel, and large-scale MICE tourism. SOTC Travel is well known for family vacations, group tours, and mid- to high-end leisure travel. Meanwhile, MakeMyTrip, India’s leading online travel platform, has a strong advantage in reaching younger travelers, independent tourists, and digitally-driven booking behaviors.
Representing Vietnam is Vinpearl, the country’s leading hospitality, tourism, and entertainment brand, operating nearly 60 properties nationwide. Its diverse five-star “all-in-one” ecosystem offers accommodation, shopping, dining, entertainment, golf, and MICE services, making it particularly well-suited to the travel preferences of Indian visitors, including large group travel, multi-generational family vacations, and experience-rich holidays.
Through these partnerships, the parties aim to maximize each other’s strengths, enhance tourism development capabilities, and shape tailored travel products, gradually positioning Vietnam as a “preferred destination” for Indian travelers in the near future.
Speaking at the event, Ms. Ngo Thi Huong, CEO of Vinpearl, said: “India is one of the key markets in Vinpearl’s international expansion strategy. Through partnerships with leading industry players, we are not only broadening our market reach but also proactively developing products tailored to each customer segment. Vinpearl aims to strengthen its presence in the Indian market while contributing to positioning Vietnam as an attractive and distinctive destination on the global tourism map.”
Mr. Anubhav Bansal, Vice President of MakeMyTrip and representative of the three Indian partners, added: “Vinpearl operates one of the region’s leading integrated tourism and hospitality ecosystems, with a scale, product diversity, and destination experience portfolio that increasingly align with the preferences of Indian travelers. We believe Vinpearl is playing an important role in positioning Vietnam as an attractive destination for this market. Combined with the extensive distribution strengths of both sides, this partnership is expected to significantly boost Indian tourist arrivals to Vietnam in the coming years.”
India is currently the world’s most populous country, with 1.47 billion people. The country’s rapidly expanding middle class is driving a strong surge in demand for international travel.
Recognizing the strategic importance of the Indian market, Vinpearl has not only leveraged its scale and integrated “all-in-one” ecosystem but has also continuously developed specialized offerings for Indian travelers, including luxury wedding tourism, MICE travel, multi-generational family holidays, group trips, and couple getaways. In 2025, the number of Indian guests staying within the Vinpearl system surged by a record 402% year-on-year, followed by a further 335% increase during the first four months of this year compared to the same period last year.
The signing of MoUs with these three major market access partners marks the next step in Vinpearl’s strategy to sustainably grow its visitor base from the 1.47 billion-population Indian market, while also helping position Vietnam as a “preferred destination” for Indian travelers.
Hashtag: #Vinpearl
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About Vinpearl
Vinpearl is Vietnam’s leading hospitality, tourism, and entertainment brand, currently operating 60 properties across 20 provinces and cities nationwide. Its ecosystem includes a network of five-star hotels and resorts in 35 provinces and cities with more than 17,300 rooms; 15 VinWonders theme parks offering attractions for all age groups; six world-class golf courses; and three international-standard convention centers and theaters under the VinPalace brand. The ecosystem also features two semi-wildlife conservation and care parks, an equestrian academy, and spectacular multi-million-dollar live performance shows in destinations such as Nha Trang and Phu Quoc, attracting millions of visitors each year.
About Thomas Cook India
Founded in 1881, Thomas Cook (India) Limited (TCIL) is one of India’s leading omnichannel travel and tourism groups, operating across foreign exchange, corporate travel, MICE, leisure travel, and value-added services.
TCIL owns and operates several major B2C and B2B brands, including Thomas Cook, SOTC, TCI, SITA, Sterling Holiday Resorts, Asian Trails, and Desert Adventures. The group has a presence in 28 countries across five continents and is one of the largest travel service networks headquartered in the Asia-Pacific region.
About SOTC Travel
Established in 1949, SOTC Travel is one of India’s oldest and most reputable travel and tourism brands. The company is part of Fairfax Financial Holdings through Thomas Cook (India) Limited (TCIL).
Operating through an omnichannel model, SOTC offers a wide range of services across leisure travel, incentive travel, and corporate travel. With more than 75 years of experience, SOTC has served millions of travelers across destinations worldwide and is recognized for its deep understanding of Indian travelers’ preferences and behaviors.
About MakeMyTrip
MakeMyTrip is India’s leading online travel booking platform, holding a dominant position in flight bookings, hotel reservations, and travel packages. With tens of millions of users and a strong digital ecosystem, MakeMyTrip covers the entire customer journey while maintaining a strong advantage in reaching younger travelers and independent tourists.
Bringing Together Business Leaders and Paralympic Gold Medalist to Discuss the “Invisible Strength” of SEN Mothers and Full-Time Moms
HONG KONG SAR – Media OutReach Newswire – 9 May 2026 – Hong Kong registered charity Hong Kong Momtrepreneurs (HKM) successfully held its annual Mother’s Day flagship event yesterday. This year’s event, themed “The Invisible Strength: Nurturing Families, Building Futures” (堅毅雙翼：滋養家庭‧創建未來), brought together business leaders and a Paralympic gold medalist to recognise and celebrate the resilience of full-time mothers and mothers of children with special educational needs (SEN) – both within their families and in society at large.
About Hong Kong Momtrepreneurs and the Moms4Moms Fellowship Program
Since its establishment in 2018, Hong Kong Momtrepreneurs has been committed to encouraging mothers to rediscover their value through lifelong learning and an entrepreneurial mindset. Its flagship programme, the Moms4Moms Fellowship Program, aims to help mothers transform their “invisible labour” into socially recognised capabilities – combining entrepreneurial knowledge with practical skills, so that mothers can pursue their dreams while caring for their families.
Lena Wong, Founder of HKM, said: “The potential of full-time mothers has long been overlooked, leading to a hidden waste of talent. Through our Fellowship, we hope to take the soft skills and life experiences cultivated through motherhood, combine them with practical entrepreneurial knowledge and skills, and channel them back into society – creating a positive impact across different communities and levels.”
Annual Theme & Partner Support
This year’s theme focused on a marginalised group of mothers – especially SEN mothers who face multiple challenges. The event was supported by The Payment Cards Group as its lead supporting partner.
In her keynote address, Beatrice Tai, CEO of The Payment Cards Group, shared how the development of accessible payment technology can provide meaningful support to mom entrepreneurs:
“Mobile payments enable mothers to work from home, run online stores, or participate in markets. The application process is relatively simple, funds flow back quickly, and it also provides data analytics reports – allowing merchants to understand sales figures, customer profiles, and payment habits, and thus make more precise marketing strategies.”
Ms. Tai added: “AI and accessible payment technology are becoming a powerful ‘Invisible Strength’ for mom entrepreneurs – helping them close opportunity gaps and solve business pain points.”
Star Panel: Cross-Sector Guests Share Heartfelt Experiences
A highlight of the event was the themed panel discussion, where guests shared their insights on supporting mothers – from both personal and corporate perspectives:
- Ho Yuenkei, BBS (Paris 2024 Paralympic Boccia Double Gold Medalist) – Shared a moving account of how her mother’s unconditional love, support, and acceptance shaped her childhood, enabling her to overcome obstacles and achieve greatness.
- Olivia Wong (General Manager – Environmental & Social Responsibility, MTR Corporation) – Pointed out that flexible working hours offered by companies can effectively help mothers balance work with their children’s school schedules.
- Lucia Ngan (Project Manager, Learning Bridge) – Shared how diverse daily activities can support SEN youth and their mothers in both learning and daily life.
Professional Judging Witnesses 12 Mothers’ Business Pitches
The event also hosted the Moms4Moms 2025/26 Graduation Ceremony. Twelve fellows from diverse backgrounds – including mothers of SEN children – delivered 60-second business pitches to a distinguished panel of judges. These graduates showcased the confidence they had regained through the programme, transforming their caregiving experiences into commercially viable plans. Their brilliance shone through.
Judging Panel:
- Danny Lap Lee – Managing Partner, VCA Capital Limited
- Prudence Wat – Human Resources Director, Cyberport Asia
- Lisa Lam – Deputy Executive Director, HandsOn Hong Kong
Looking Ahead
Looking to the future, Lena Wong shared that Hong Kong Momtrepreneurs will continue to explore more diverse forms of support, guided by the real needs of the community – helping mothers realise their own value while caring for their families, and growing together.
Hashtag: #HongKongMomtrepreneurs
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About Hong Kong Momtrepreneurs
Hong Kong Momtrepreneurs is a registered charity in Hong Kong that believes in the power of mothers supporting one another. Through its flagship Moms4Moms Fellowship, the organisation empowers mothers to bravely pursue their dreams – built on a foundation of trust, honesty, and mutual respect.
As Gulf markets accelerate toward smart and sustainable mobility, VinFast is expanding its EV presence in the Middle East with technology-focused products, connected vehicle capabilities, and long-term ownership solutions.
DUBAI, UAE – Media OutReach Newswire – 8 May 2026 – The Middle East is increasingly emerging as one of the next major battlegrounds for global electric vehicle brands, particularly as younger consumers across Gulf countries show rising interest in smart, technology-focused mobility solutions that combine premium specifications with advanced software and digital experiences. That shift has opened the door for newer EV manufacturers to compete alongside more established automotive brands.
The opportunity reflects larger market dynamics already transforming the region. Asian EV brands have rapidly expanded their footprint across Gulf countries in recent years, supported by growing demand for feature-rich vehicles, manufacturing scale advantages, and increasingly competitive pricing.
Against that backdrop, VinFast is positioning itself as part of a broader transformation reshaping the automotive landscape across the region. As governments accelerate investments in renewable energy, charging infrastructure, and smart city development, the transition toward electric mobility is gaining momentum across the Gulf.
For VinFast, the Middle East represents a strategic growth market within its wider international expansion plan. The company has been strengthening its presence with the VF 8 electric SUV, targeting consumers seeking a combination of advanced technology, premium features, and long-term ownership value.
VinFast’s broader strategy aligns closely with those changing consumer expectations. Rather than operating solely as a conventional carmaker, the company is developing a vertically integrated EV ecosystem that combines intelligent software, connected services, and smart manufacturing capabilities.
Globally, VinFast has delivered more than 400,000 vehicles and accumulated several years of real-world driving data. That foundation has supported the development of Advanced Driver Assistance Systems, connected vehicle technologies, and over-the-air software capabilities designed to continuously improve the ownership experience.
In the Middle East market, the VF 8 is positioned around technology, comfort, and practicality for regional driving conditions. The all-electric SUV offers dual-motor all-wheel drive capability with up to 402 horsepower in the Plus variant and a driving range of up to 493 km on a full charge under the NEDC standard.
Developed in collaboration with Italian design house Pininfarina, the VF 8 combines a modern exterior design with a spacious cabin focused on digital integration and passenger comfort. Available features include a 15.6-inch infotainment display, ventilated seats, a panoramic sunroof, an air ionization-equipped climate control system, and multiple ADAS technologies, including Highway Assist, Adaptive Cruise Control, Blind Spot Detection, and 360-degree Surround View Monitoring.
VinFast is also emphasizing after-sales support and ownership assurance as key differentiators in the region. The company offers a 10-year vehicle warranty or 200,000 km, alongside a 10-year unlimited-kilometer battery warranty. Customers additionally receive access to mobile services, roadside assistance, DC fast charging networks, and over-the-air software updates.
As Gulf markets continue embracing electrification and smart mobility concepts, VinFast is seeking to establish itself as a long-term player in the region’s evolving automotive sector. By combining advanced technology, connected vehicle capabilities, and scalable EV solutions, the company is reinforcing its ambition to compete in one of the world’s fastest-changing mobility markets.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
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