Ascott Limited, a wholly-owned lodging business unit of CapitaLand Investment, has unveiled plans to boost its global business development team. The appointments of Ryan Chen and Dulaphan Amatyakul as Vice Presidents of Business Development underline the company’s commitment to pursuing asset-light growth and fortifying its optimism in the travel and hospitality sector. This strategic move gears Ascott towards doubling its fee revenue to more than S$500 million within the next half-decade. Both appointees will be under the guidance of Ascott’s Chief Growth Officer, Serena Lim.
The Strategic Appointments: Ryan Chen and Dulaphan Amatyakul
Serena Lim, appointed earlier this year, acknowledges that their global reach and robust network are significant strengths driving their agility and market-led solutions. She stated, “The appointments of Ryan and Dulaphan will support our focus on driving expansion in key markets as they work alongside our local cluster teams. Both of them bring valuable expertise from their respective fields and will play integral roles in leading region-specific plans that will not only strengthen owner engagement through tailored solutions, but also allow us to focus on strategic deals as we enter a phase of accelerated asset-light growth.”
The Robust Business Model of Ascott Limited: A Two-Fold Approach
Lim further elaborated on Ascott’s diversified business model that encompasses various accommodation assets from serviced residences, coliving properties, hotels to independent senior living apartments. “Defining global living with our diversified portfolio of 15 brands, our approach is two-fold. Firstly, it is about driving global brands alongside travel demand and trends. Also, our regional brands enable us to go deep with robust localised solutions. I am confident that Ryan and Dulaphan will add to the strength of our global team and enhance our market agility as we work towards achieving our growth targets and delivering long-term value for our owners and our business,” added Lim.
Key Responsibilities and Previous Accolades: Ryan Chen
Ryan will be instrumental in growing Ascott’s current portfolio in existing and potential markets like Japan, Korea, the Philippines, Middle East, Africa, Turkey, and India. He will also spearhead financial feasibility and deal support for new business strategies. Ryan, a seasoned development professional, comes from Far East Hospitality where he grew the business through strategic initiatives. Previously, he served as Group Director of Development at Dusit International. Ryan brings along more than 15 years of sectorial knowledge and experience.
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Dulaphan Amatyakul: A Dynamic Role in Ascott’s Future
Dulaphan will base in Bangkok to drive Ascott’s growth in Thailand, Vietnam, Myanmar, Laos, and Cambodia. Having been Senior Vice President at Conduit House Holdings (Thailand), Dulaphan managed various regional hospitality projects and supervised all investment transactions. He also served senior roles at MFC Asset Management PCL, Valor Hospitality Partners Asia, and DTGO Corporation Limited. Bringing in more than 15 years of related experience in investment management, corporate and investment banking, as well as hotel operations, Dulaphan holds an MBA from Mahidol University International College in Thailand.
With the appointment of these seasoned professionals, Ascott Limited is poised to further strengthen its global foothold in the hospitality industry, as it gears towards an accelerated asset-light growth and a mission to redefine global living.
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