Reports CAMBODIA MARKET REPORT
Tourism is one of the four pillars supporting the Cambodian economy. After a difficult couple of years the sector is beginning to show signs of recovery. Hotels and restaurants saw a 30 per cent growth after a decline over the previous two years due to Covid restrictions. The tourism industry saw some 3,000 related businesses closed or suspended during the pandemic and huge job losses.
Cambodia is one of the least developed countries, which consistently creates jobs in various sectors from production to domestic trade and export along with governmental efforts to build relations with different partners regionally and internationally.
Cambodia generated more than $2.2bn of revenue from international trade during the first five months of 2022 showing a rise in domestic production.
Local and foreign investors have pumped money into many sectors in the country such as agriculture, industry and tourism. Tis in turn has created jobs.
CAMBODIA TOURISM
Tourism is one of the four pillars supporting the Cambodian economy. After a difficult couple of years the sector is beginning to show signs of recovery. Hotels and restaurants saw a 30 per cent growth after a decline over the previous two years due to Covid restrictions. Te tourism industry saw some 3,000 related businesses closed or suspended during the pandemic and huge job losses.
A total of 2.28 million international tourists travelled to Cambodia in 2022 with domestic tourism at 13.93 million last year compared to 4.6 million in 2021.
Tis year is anticipated to see 4.3 million international tourists and 14 million domestic tourists. Tis is mainly down to the easing of restrictions in China coupled with the Southeast Asian Games (SEA Games), which were held in May.
It is hoped the number of international tourists will see seven million by 2026. Pre-Covid the region welcomed 6.6 million international visitors in 2019, generating $4.9bn in revenue compared to just over 1.3 million visitors and $1bn in revenue in 2020.
By February of this year weekly international direct flights to Phnom Penh stood at 281 of which 94 were coming from Tailand, with a further 69 from China, 31 from Singapore and 28 from Malaysia.
P52 WIRE / PULSE / INSIGHT / REPORTS
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134
