Ascott names new managing director for China

Ascott, the lodging business unit wholly owned by CapitaLand Investment (CLI) has appointed Joseph Wong (pictured) as managing director for China. 

Within his new role, Wong leads Ascott’s portfolio in China, with a focus on strengthening the business in-market, while driving growth. An integral growth market, China bears Ascott’s largest footprint in a single market with over 48,000 units spanning more than 200 properties, according to the release. 

Furthermore, Wong oversees the commercial performance of Ascott’s portfolio in China, managing cross-functional teams while driving efficiency and bottom-line results. With growth as a priority, Wong also leads business strategies to tap on new development opportunities for continued expansion within the country.

Wong brings with him more than 20 years of experience in the hospitality industry. Prior to joining Ascott, he was with IHG Hotels & Resorts as vice president, franchise performance at Holiday Inn Express, Greater China. During his tenure there, he led two major growth engines for IHG in Greater China including its franchise business and the Holiday Inn Express brand, covering more than 300 properties.

The move comes as part of Ascott's latest leadership reshuffle to support its global expansion in management and franchise contracts as well as catalysing strategic growth. This also comes as Ascott charts a new growth trajectory towards achieving its target of more than S$500 million in fee revenue by 2028.

MARKETING-INTERACTIVE has reached out to Ascott for more information. 

Don't miss: Ascott names new VP of strategy and regional GM for MY and PH

Most recently, Ascott appointed Sophie Mougel as vice president, strategy and regional general manager for the Philippines and Malaysia.

Within her new role, Mougel spearheads the implementation of Ascott’s global strategic plans and oversees the overall performance of properties in the Philippines and Malaysia, supporting in-country leadership teams to drive growth and operational excellence, in her dual role.

Leading the development of long-range planning projections to support the overarching global strategy, Mougel also directs alignment between operational initiatives and strategic goals, and manages the Financial Planning and Analysis function, including asset management for Southeast Asia.

Related articles:

Ascott revamps digital ecosystem to complement rewards programme
Ascott's new Lyf brand looks to bite into the Millennial pie