Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
CapitaLand Investment Limited ( (SG:9CI) ) just unveiled an announcement.
Ascott Limited is expanding its resort portfolio with 11 new signings across Asia and the Middle East, increasing its global presence to about 50 properties in high-demand leisure destinations. This strategic move leverages the growing global leisure travel market, projected to reach US$15 trillion by 2040, and aims to capture the rising demand for experiential stays and ‘bleisure’ travel, particularly from emerging markets. By employing a multi-typology brand strategy, Ascott is effectively scaling in high-potential areas, enhancing its industry positioning and delivering long-term value for property owners.
The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.85 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.
More about CapitaLand Investment Limited
The Ascott Limited, a wholly owned lodging business unit of CapitaLand Investment Limited, operates in the hospitality industry. It manages a diverse portfolio of brands including Ascott, Citadines, lyf, Oakwood, Somerset, and others, focusing on providing lodging services in resort destinations globally.
Average Trading Volume: 8,143,642
Technical Sentiment Signal: Buy
Current Market Cap: S$14.19B
See more data about 9CI stock on TipRanks’ Stock Analysis page.