“As we continue to grow to achieve Ascott’s target of 80,000 apartment units globally by 2020, we will invest in further building scalable and integrated business IT platforms. This will enable us to enhance Ascott’s competitiveness and efficiency, reap economies of scale and better serve our guests. This year, we have opened 12 serviced residences with over 1,700 apartment units. As we open more properties worldwide, the additional licenses for 5,000 apartment units will give us the flexibility to quickly implement the protel software at our properties. We will continue to work closely with Xn Hotel Systems to find innovative ways to use our key business IT platforms for the benefit of our guests and the business,” said Tony Soh, Ascott’s Chief Corporate Officer.

“Xn Hotel Systems regards Ascott’s significant add-on order as an increase in the level of our responsibility as a software and services provider. As we rollout the protel system to additional Ascott properties around the world, we will be focusing on the essential delivery of business value to this very key client. To ensure that Xn Hotel Systems continues to meet all of Ascott’s future service requirements as the company grows, we will also expand our business to support Ascott’s users across Asia Pacific, Europe and the Gulf region,” commented Greg Spicer, Chief Executive, Xn Hotel Systems Group Limited.

About The Ascott Limited

The Ascott Limited is a Singapore company that has grown to be the world’s largest international serviced residence owner-operator. It has over 24,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as over 11,000 units which are under development, making a total of more than 36,000 units in over 200 properties.
The company operates three brands – Ascott, Citadines and Somerset. Its portfolio spans 85 cities across 24 countries, 22 of which are new cities in Ascott’s portfolio where its serviced residences are being developed.

About XN Hotel Systems

Xn Hotel Systems is a global technology services group specialising in the supply and support of highly scalable business applications and electronic booking services to the hotel industry. Market leading products and client-focused services provide hoteliers globally proven technology. Xn systems and services can be implemented either as component parts of an overall business solution, or as a total solution portfolio. Xn Hotel Systems is an official business partner of protel hotelsoftware, Germany.