Growth of Tourism Makes Cambodia Attractive Destination for Hotel Investment

News in Asia
Growth of Tourism Makes Cambodia Attractive Destination for Hotel Investment

Tourism growth and other economic factors make Cambodia the best destination for investing into hotel industry among other places across Southeast Asia, experts assure. 

Rapid economic and tourism growth in Cambodia present opportunities for potential investors in the Kingdom’s hotel sector and the broader hospitality industry making the country financially attractive.

Yet due diligence is highly recommended as the best strategy for investors. Hotel development is a tricky sector as there is always quite a long gestation period when building from scratch. It is important to make sure unmet demand is being tapped several years in the future when the project is likely to be completed, in the specific location being targeted. Herd behaviour is common for developers in Asia – it is totally common to see people rushing in to developing of new hotels without carefully considering how many other new ones are already in train.

The main factor that influenced greatly the Kingdom's hospitality sector is the surge in arrivals from China, changing dramatically the demographic and the category of tourists. Thus the hospitality industry has to adapt to accommodate this new type of international tourists.

Another well pronounced trend is the rise in numbers of business travellers, mostly in Phnom Penh.

Source

News

Vietnam Airlines Offers Promotional Tickets for Early Birds

To stimulate international travel, Vietnam Airlines, the country's national flag carrier introduces the “Early Birds, Special Deal” promotion program. The program which is a collaboration between the airline and the Vietnam Tourism Association offers discounted airfares on over fifty international destinations across the world and is valid for flights till the year.

29 February 2020

New Expressway to Cut Travel Time between Delhi and Dehradun

Travel time from Delhi to Dehradun, the capital of the North Indian state of Uttarakhand, located at the Himalayan foothills, about 260 km north, which now takes between 5 and 6 hours, will soon be cut down by half to 2.5 hours.

29 February 2020

2020 Philippine Shopping Festival Is Almost Here!

The 2020 Philippine Shopping Festival in the Philippines will kick off on March 1. This nationwide sale is trying to outbeat two most popular sales in the SEA – Singapore's great sale and Hong Kong's summer sale.

28 February 2020