Balinese wellness brand Fivelements is expanding globally following its 2024 acquisition by GOCO Hospitality. The brand will launch its flagship property, Fivelements Samui, in early 2027. This will be followed by a major upgrade to Fivelements Ubud in 2028, alongside European developments in Switzerland in 2029 and Montenegro in 2030. The expansion integrates longevity science and diagnostic health with traditional local healing practices.
The Ascott Limited achieved a record-breaking 2025 by signing 19,000 units across 102 new properties. This 27 per cent year-on-year growth saw the company expand into 10 new cities including Taipei and Wellington. The firm is focusing on an asset-light model with a heavy emphasis on resort signings and property conversions. Ascott now operates or is developing over 1,000 properties globally as it nears its S$500 million fee income target.
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