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Spirethoughts

Spire's six most recent Spirethoughts.

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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?


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E-mail: nidhi.singh@spireresearch.com

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