Yahoo Finance Ascott makes six key appointments in business development, strategy and operations
These appointments will support Ascott’s goal of achieving over $500 million in fee revenue by 2028, says the group.
The Ascott Limited, a lodging business unit that’s wholly-owned by CapitaLand Investment (CLI), announced six key appointments in business development, strategy and operations.
The appointments to Ascott’s business development team are Venessa Koo, vice president, business development for Hong Kong, Taiwan, the Philippines and Vietnam; Teo Junrong, vice president, business development for Singapore, Malaysia and Indonesia; and Thomas Lamson, vice president, business development and product & technical services for Europe, Middle East and Africa (EMEA).
Joseph Wong, managing director for China, will also be driving the group’s business development on top of overseeing its operations in the country.
Ascott has also appointed Steven Chan as vice president, global franchise services and regional general manager for Indochina and Sophie Mougel as vice president, strategy and regional general manager for the Philippines and Malaysia. Chan and Mougel will helm dual portfolios leveraging on their deep local knowledge.
These appointments will support Ascott’s goal of achieving over $500 million in fee revenue by 2028, says the group in its June 27 statement.
“The appointment of these industry veterans to our business development team signals our commitment to invest in top talent to build Ascott’s growth ecosystem and establish Ascott as the operator of choice for lodging property owners around the world,” says Serena Lim, Ascott’s chief growth officer.
“With each of them focusing on a key region, Ascott is now better positioned to penetrate deeper into existing markets and make headway in new markets through targeted growth strategies. Leveraging Ascott’s diverse portfolio of brands, wide range of accommodation options and extensive global network, we are confident of offering customised solutions that deliver sustained value to owners,” she adds.
“Ascott has embarked on a transformative journey to become a global leader in hospitality, and we are actively looking for new opportunities to stay ahead and elevate our position in the ever-evolving industry,” says Wong Kar Ling, Ascott’s chief strategy officer.
“The appointment of new strategy and operational leads will help us to drive Ascott’s commercial performance in key markets while pursuing strategic growth initiatives such as mergers and acquisitions, transformation and partnerships. We are committed to strengthening Ascott’s competitive edge to continue delivering on exceptional stay experiences for our guests, strong value and returns for our owners, as well as attractive career opportunities for our associates,” she adds.
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