Compass Real Estate > Cambodia Real Estate Information > Major coastal provinces In Cambodia have strong development momentum

Major coastal provinces In Cambodia have strong development momentum

2020-06-05
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Summary:With the development of various provinces and cities in Cambodia and the increase in domestic travel demand, the Cambodia tourism market has undergone great changes, and the economic performance of various provinces and cities has made new breakthroughs.

Minister of Tourism Thong Khon said at the end of last month that in the first three weeks of May, tourist destinations in Cambodia welcomed nearly 400,000 tourists, including about 390,000 domestic tourists. In the context of the continued downturn of international tourists, the impact of local Cambodian travel is not significant. Domestic tourists have become the main pillars of the tourism economy during the epidemic. Some cities have performed well and are very popular among local tourists.

According to the report of the Ministry of Tourism, in the first three weeks of May, the tourist destinations of the neighboring sea provinces have become the most ideal tourist destinations for domestic tourists. 109,987 visitors, the most popular tourist province in the country; the second place in Kep province receiving 55,447 visitors. Koh Kong province, receiving 12,912 visitors, Sihanoukville received only 11,115 visitors.

In terms of international tourists, Sihanoukville is still the most desirable tourist destination for international tourists. The number of international tourists destination is 2956, Phnom Penh is the second destination(1228), and Kampot Province is the third destination(715) ).

This shows that the preferences of Cambodia domestic tourists and international tourists are very different.

In fact, with the development of various provinces and cities in Cambodia and the increase in domestic travel demand, the Cambodian tourism market has undergone great changes, and there have been new breakthroughs in the economic performance of various provinces and cities.

Kampot Province is well recognized by domestic and foreign tourists. The Cambodia government plans to make Kampot Province an agricultural tourism and cultural heritage tourism area. With the continuous growth of the tourism economy, the development of the province has attracted considerable attention.

Kampot Province is located in the center of Cambodia’s coastal area and is within the Greater Mekong Cooperation Project. It is strategically located and is conducive to the development of port economy and culture. It is also an important salt-producing area in Cambodia. Judging from the current economic performance, Kampot Province may be the next hot investment area.

 

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Although the area of Kep Province is small, it is close to the Vietnam border and the Gulf of Thailand and has rich tourism resources. Kep Province has 6 kilometers of sandy beaches, abundance seafood and beautiful natural scenery. It is a coastal city and one of popular resorts in Cambodia. Compared with Sihanoukville, domestic tourists are more keen to visit Kep province.

Minister of Tourism Thong Khon pointed out that Kep Province may not allow the development of casinos and industrial areas in the future, aiming to make the area an "advanced leisure tourism area" and encourage foreign retirees to come to stay permanently. These measures are certainly help tourism real estate and pension industries’ development in Kep Province.

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The advantage of Koh Kong Province is that it has large area, long coastline, and many natural landscapes. The coastal area has the largest mangrove wetland park in Southeast Asia, with an area of more than 50,000 hectares. It is called "tropical rainforest by the sea." Koh Kong province is the eco-tourism area that Cambodia has built.

Koh Kong Province is dominated by agriculture and fisheries, with high annual output of rice, cassava, and seafood. The province’s industrial development mainly including clothing and shoes, sugar, energy, etc., this province has great potential for future development.

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Cambodia's tourism industry is in a stage of comprehensive reform. The epidemic has accelerated the process of tourism diversification. The increase in domestic tourist demand has driven the rise of emerging tourism markets, and it also allowed investors to see more possibilities in emerging markets.

Coastal provinces such as Kep, Kampot, and Koh Kong have unique geographical advantages. With the improvement of infrastructure, the economy will be diversified gradually , especially in trade, tourism, and real estate industry. No matter set up a factory or invest in real estate, these several provinces are good choices.


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