Compass Real Estate > Cambodia Investment Guides > Tourism development in one of Cambodia's four pillar industries.

Tourism development in one of Cambodia's four pillar industries.

2226
2019-08-28
Summary:The tourism industry in Cambodia is rich, and the tourism industry thriving in 2018, which led to other economic growth.

Cambodia is rich in tourism resources. As one of Southeast Asia's famous tourist countries, in addition to Angkor Wat, it also has a beautiful skyline of Phnom Penh's rapid development, luxury resorts in the southern beaches, the province of Koh Kong and Mondulkiri. The safari park, etc., Lonely Plant recently listed Cambodia as one of the top 10 tourist destinations in Asia Pacific.The data shows that the number of international tourists visiting Cambodia in 2017 was about 5.6 million, and it increased to 6.2 million in 2018, an increase of 11% year-on-year. China's tourists accounted for the largest proportion.

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China-Cambodia relations have always been friendly. As of July 2019, China’s direct flights to Sihanoukvile, Cambodia reached 33. Now there are 181 flights a week between Cambodia and China. According to statistics, the number of Chinese tourists visiting Cambodia in 2018 reached 2 million, an increase of 70% over the previous year. A large number of tourists have further promoted the opening of flights between China and Cambodia. There are currently 25 airlines and about 636 flights a week to and from major cities in China and Cambodia.According to the latest news, in the first five months of 2019, the number of Chinese tourists has reached 40% last year, about 1.1 million, of which more than half of them visited Phnom Penh and Westport, with a total of 650,000. China has become the largest source of Cambodian tourists.The Cambodia government also attaches great importance to Chinese tourists. Therefore, it plans to receive 2.6 million Chinese tourists in 2019. It is expected that the number of tourists in 2020, 2025 and 2030 will reach 3 million, 5 million and 8 million respectively.Globally, there were 2.89 million people visiting Cambodia in the first five months of 2019, an increase of 11.4% compared with last year. Phnom Penh is the preferred destination for Cambodia tourism, accounting for 48%, and Siem Reap province, accounting for 37%. , followed by coastal areas and eco-tourism areas.

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According to the latest data from the Ministry of Tourism of Cambodia, as of May this year, the number of star-rated hotels in 13 provinces and cities in Cambodia has reached 152, totaling approximately 17,450 suites. World Cultural Heritage Site Angkor Wat is home to the largest number of star-rated hotels in Siem Reap, with a total of 60 suites of approximately 8143. The Cambodian capital and political and commercial center Phnom Penh ranks second, with approximately 40 star hotels and 5193 suites. In order to meet the ever-increasing demand for housing, the Cambodian Ministry of Tourism estimates that there will be 100,000 new suites in the world by 2030, with room supply for 4 and 5 star hotels accounting for 60% and 60,000 units.In 2018, the tourism industry generated revenues of up to 4.35 billion US dollars, accounting for 12.7% of gross domestic product (GDP), directly creating 620,000 jobs. Cambodia's Ministry of Tourism estimates that it will attract 7 million international visitors in 2020 and create 1 million jobs and $5 billion in revenue. By 2030, international visitors will reach 15 million, with 2 million jobs and $10 billion in revenue. .




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