Growth in hotel industry
The hotel industry in Cambodia is growing but still sees room for improvements, industry experts said at the Cambodia Hotel General Managers Summit in Phnom Penh yesterday. In terms of revenue and the number of players, the hotel and restaurant industry has an overall growth rate of 8 to 12 per cent, said Luu Meng, president of the Cambodia Hotel Association. … According to an Asian Development Bank service sector report, the real GDP share of the hotels and restaurants sector in Cambodia has grown from 1.5 per cent in 1993 to 4.9 per cent in 2011. …
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