The Ascott Limited has just appointed Ryan Chen and Dulaphan Amatyakul as Vice Presidents of Business Development. Two nominations in line with Ascott’s commitment to drive asset-light growth, as it targets to double its fee revenue to over $500 million in the next five years.

Previously working for Far East Hospitality where he expanded the business through strategic initiatives and Dusit International where he was Group Director of Development, Ryan Chen brings with him over 15 years of sectorial knowledge and experience covering markets in Asia Pacific and the Middle East.

He will now play a key role in supporting Ascott’s business development strategies. Focusing on Japan, Korea, the Philippines, Middle East, Africa, Turkey and India, he will also take the lead in aspects of financial feasibility and deal support for new business strategies.

Prior to this position, Dulaphan Amatyakul was Senior Vice President, Investment & Business Development at Conduit House Holdings. He also held senior roles in asset management and hospitality firms such as MFC Asset Management PCL, Valor Hospitality Partners Asia and DTGO Corporation Limited.

With also more than 15 years of related experience in investment management, corporate and investment banking, as well as hotel operations, he will focus on the development of Ascott’s business strategies to drive growth in Thailand, Vietnam, Myanmar, Laos and Cambodia.

As a global player with a strong network of in-market teams, one of our core strengths has always been in our ability to drive agility and market-led solutions. 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.

Serena Lim, Chief Growth Officer, Ascott