Skip to main content

Cambodia’s tourism sector looks set to pull in foreign investment


As foreign tourism booms in Cambodia, foreign-built resorts are on the rise due to amendments to the foreign ownership law that make provisions of up to 70% foreign ownership. According to the World Travel and Tourism Council (WTTC), Cambodia ranks sixth among 184 countries in terms of long-term tourism growth in the period from 2014 to 2024.

Cambodia’s attractions include its world-class archaeological sites, beautiful islands, long coastline and indulgence in gambling – an activity often prohibited in neighbouring countries. International tourist arrivals in Cambodia grew by 4.2% (year-on-year) as of August 2014. Foreign investors in Cambodia mainly hail from China, Singapore, Japan and Thailand.

New resorts and boutique hotels in Cambodia offer tourists a high standard of accommodation, allowing Cambodia to compete directly with other established tourist destinations.

Is Cambodia destined to be the next tourism hotspot?


Labels:

Comments

Post a Comment

Popular posts from this blog

Spire speaks on Omni-channel strategies for Indonesian retailers

Spire was honored to participate in the Samsung Top Achiever Retailer (STAR) event held on 22 August, in Jakarta. Albertus Edy Rianto, Senior Manager, Spire Indonesia, shared his insights on the significance of Omni – channel strategies for mobile phone retailers. Albertus discussed offline-to-online strategy, where multiple channels merge to help target customers across various channel platforms. He elaborated that more than 80% of Indonesian mobile phone retail sales in 2020 will still occur at physical outlets. However, 71% of Indonesians browse online for a while prior to shopping at a physical store. Factors that influence customers include better delivery conditions, storefront apps for better sales and even packaging. As customers become more tech-savvy and demanding, more consideration will be given to innovative payment processes and browsing more than one channel to make a purchase. As far as online purchases are concerned, 25% of customers still feel ...
Post a Comment
Read more

Asia-Pacific nations poised to sign the world’s largest multi-lateral trade agreement, RCEP, in 2020

After six years of negotiations, more than a dozen countries in the Asia-Pacific are poised to sign the world’s largest trade agreement, known as the Regional Comprehensive Partnership (RCEP), in 2020. This agreement would boost commerce among participating countries by lowering tariffs as well as standardizing customs rules and procedures. The RCEP will widen market access, especially for those countries that do not have existing many bilateral trade agreements in place. Will India pay a price for its decision to stay out of the RCEP? Read more:  https://www.spireresearch.com/newsroom/spirethoughts/asia-pacific-nations-poised-to-sign-the-worlds-largest-multi-lateral-trade-agreement-rcep-in-2020/
Post a Comment
Read more

Nursing homes for the elderly in Korea

As an elderly person, living alone in Korea is difficult. What options do senior citizens have for nursing home facilities? Dr. Justin Lee, Managing Director of Spire Research and Consulting, South Korea shared his thoughts on Korea’s JoongAng Ilbo news portal. Korea now has 3,316 nursing homes and 1,500 specialized elderly hospitals nation-wide. The need for specialised elderly care in Korea is on a gradual rise, as those with health complications cannot live independently. At present, senior citizens with grade ratings of 1 or 2 for long term care under the Long-Term Care Insurance scheme are entitled to use these public nursing home facilities. Dr. Lee opined that paying more does not necessarily mean a better nursing home. Costs in public nursing homes are not consistently higher than those in private ones. Within the public nursing homes, the cost variation is minimal regardless of their management quality as public nursing homes need to abide by set government gui...
Post a Comment
Read more

Spire and YBC host breakfast seminar on the impact of demonetization in India

On 20 January, Spire and Yamada Business Consulting (YBC) jointly held a breakfast seminar in Singapore to explore the impact on India’s economy of the recent Rupee demonetization of high-value currency notes. Leon Perera, Chief Executive Officer of Spire Research and Consulting, Japnit Singh, Deputy Chief Executive Officer at Spire and Yasuyuki (Luke) Kita, General Manager of YBC (Singapore), addressed the session. Spire Singapore and YBC discussed the demonetization’s impact on different industry sectors, on e-commerce and on the outlook for doing business in India in 2017. The speakers talked about how demonetisation will spur growth in cashless transactions. Although the retail and car resale sector will suffer short-term damage, there is a visible shift towards modern trade and online transactions. Moreover, ease of doing business and transparency will rise, making India more investment-friendly. https://www.spireresearch.com/newsroom/events/spire-and-ybc-host-br...
Post a Comment
Read more

Egyptian-Israeli gas deal to boost bilateral trade

A USD15 billion deal has been announced between Israel and Egypt to export natural gas. Israel’s Delek Group has signed an agreement to supply 64 billion cubic meters of gas in a span of ten years to Egypt’s Dolphinus Holdings. The deal is considered a milestone ever since the 1979 peace accord, bringing Egypt a step closer to becoming a regional energy hub. However, the transportation of natural gas from Israel to Egypt is a challenge given the security risks. Will the Egypt-Israel gas export deal usher in a relationship of bonhomie and economic co-operation? Read more here:  https://www.spireresearch.com/newsroom/spirethoughts/egyptian-israeli-gas-deal-to-boost-bilateral-trade/
1 comment
Read more