27 June 2014
CBRE
Cambodia’s latest Market View report sees strong growth in tourist arrivals
resulting in growth in hotel occupancy rates and durations of stay.
CBRE said
Cambodian tourism sector continued to enjoy steady growth over the course of
2013, with the number of international arrivals increasing by 17.5%, to
4,210,165 trips, up from 3,584,037 in 2012. Average hotel occupancy rates in
2013 rose to 69.53%, up from 68.49% the previous year. The current REVPAR
(Revenue per Available Room) in the four and five star hotel market in Phnom
Penh ranges from US$25 up to US$100. Siem Reap remains the most popular
destination for tourists, with arrivals to Siem Reap International Airport
accounting for 28.1% of all arrivals, compared to Phnom Penh at 19.9%.
The
planned expansion of both Phnom Penh and Sihanoukville International Airports will
double capacity over the coming years. According to the Cambodian government,
approximately US$80 million will be invested to expand the international
terminal in Phnom Penh and US$100 million will be used to upgrade Siem Reap
International Airport.
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