Cambodian Resorts on the Increase

International tourist arrivals into Cambodia have soared in the past year, with arrivals into Siem Reap up 30 per cent in the first eight months of 2012 over the same period the previous year. The tourist industry was hit hard by the global economic crisis in 2008 and 2009, but has recovered well in the last three years, with the Kingdom expecting over three million arrivals by the end of 2012. With the ever-increasing numbers of tourist arrivals, experts say resorts are now becoming an exciting investment opportunity in Cambodia. … But with the increasing numbers of international visitors, there is more demand for western style boutique and resort style accommodation. According to global real estate giants CBRE, the first quarter of 2012 saw a 51 per cent increase in international visitors to Sihanoukville. This increase has been partially driven by the introduction of the first flight into Sihanoukville from Siem Reap: part of the government’s plan to connect the temples of the north with the beaches of the south. With 5,741 passengers into Sihanoukville in the first six months of this year, it is proving to be popular, especially for more affluent travelers on short breaks, CBRE says. …

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