New report sees strong tourism growth

Tourism arrivals are up steeply year on year, according to CBRE Cambodia’s latest MarketView report.
Tourism arrivals are up steeply year on year, according to CBRE Cambodia’s latest MarketView report. VALINDA AIM

New report sees strong tourism growth

CBRE Cambodia’s latest MarketView report sees strong growth in Cambodia’s international tourism sector, with particularly strong in international arrivals resulting in growth in hotel occupancy rates and durations of stay.

According to the May report, international arrivals in 2013 increased 17.5 per cent, to a total of 4,210,165, up from 3,584,037 in 2012.

“The average length of stay also increased to 6.75 days, up from 6.5,” the report says, adding that “average hotel occupancy rates in 2013 rose to 69.53 per cent, up from 68.49 per cent the previous year.”

Chris Hobden, surveyor for CBRE Cambodia, says: “We expect this trend to continue, in part driven by relative political stability,the variety and quality of accommodation on offer in addition to significant planned improvements to national infrastructure.”

Meanwhile, however, Phnom Penh continues to lag behind the jewel in Cambodia’s tourism crown, Siem Reap – home to Angkor Wat – in terms of international arrivals.

Content image - Phnom Penh Post

“Siem Reap remains the most populardestination for tourists entering Cambodia, with arrivals into SiemReap International Airport accounting for 28.1 per cent of all arrivals, compared to Phnom Penh’s 19.9 per cent.”

Hobden says that CBRE does not anticipate a change in that balance of arrivals, noting that the increasing popularity of Sihanoukville will not necessarily work to Phnom Penh’s advantage, due to direct flights between the Siem Reap and the beach destination.

“Tourism to Sihanoukville is expected to increase over the coming years, with frequent flights available from SiemReap and with the delivery of new luxury hotel accommodation off the Sihanoukville coast,” the report says.

Meanwhile, the report notes that, besides Phnom Penh’s burgeoning boutique hotel sector, some major luxury hotel openings are on the horizon. In Phnom Penh, the report cites the Sohka Hotel and Naga 2.

“Sohka is set to launch approximately 450 rooms onto the market and Naga2 is set to deliver in excess of 1,000, increasing Phnom Penh luxury hotel supply by 70 per cent,” the report says.

In Sihanoukville, the report makes note of Cambodia’s pre-eminent luxury resort development.

“Alila Villas Koh Russey is set to deliver Cambodia’s first internationally branded island resort … in close proximity to Sihanoukville. This will build on the success of Song Saa Private Island, launched in 2012.”

According to Hobden, CBRE is also bullish about tourism in Cambodia due to airport expansion plans in the coming years, which theoretically could double numbers.

“The planned expansion of both Phnom Penh and Sihanoukville international airports will support the growing number of international arrivals, with the capacity of at both airports set to approximately double over the coming years,” the report says.

A doubling of capacity would allow both airports to accommodate up to 5 million travellers respectively per annum.

“We see no reason not to expect further expansion of the sector in the years ahead and predict that tourism will make an increasingly significant contribution to Cambodia’s continued GDP growth,” says Hobden.

MOST VIEWED

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh

  • Monks given ‘Samdech’ title for contributions

    Three senior monks on Thursday were given the highest-ranking title “samdech”, with Prime Minister Hun Sen saying that the promotions were due to their contributions to Buddhism. The three distinguished monks were promoted on Thursday morning at Botum Vatey pagoda in Phnom Penh, at a

  • Facing possible sanctions, PM criticises Washington’s rights record

    While United States congressmen are discussing the Cambodia Democracy Act and an amendment that could impose more sanctions against Cambodia’s government, Prime Minister Hun Sen on Tuesday counterattacked by questioning the respect of human rights and democracy under the US-backed Lon Nol regime, and