CBRE Cambodia’s latest
MarketView report sees strong growth in Cambodia’s international tourism
sector, with particularly strong in international arrivals resulting in growth
in hotel occupancy rates and durations of stay. According to the May report,
international arrivals in 2013 increased 17.5%, to a total of 4,210,165, up
from 3,584,037 in 2012. The average length of stay also increased to 6.75 days,
up from 6.5 and the average hotel occupancy rates in 2013 rose to 69.53%, up
from 68.49% the previous year.
Chris Hobden, surveyor for CBRE
Cambodia, expects this trend to continue, in part driven by relative political
stability, the variety and quality of accommodation on offer in addition to
significant planned improvements to national infrastructure. Meanwhile,
however, Phnom Penh continues to lag behind the jewel in Cambodia’s tourism
crown, Siem Reap – home to Angkor Wat – in terms of international arrivals. Siem
Reap remains the most popular destination for tourists entering Cambodia, with
arrivals into Siem Reap International Airport accounting for 28.1% of all
arrivals, compared to Phnom Penh’s 19.9%. Hobden says that CBRE does not
anticipate a change in that balance of arrivals, noting that the increasing
popularity of Sihanoukville will not necessarily work to Phnom Penh’s
advantage, due to direct flights between the Siem Reap and the beach
destination. Tourism to Sihanoukville is expected to increase over the coming
years, with frequent flights available from Siem Reap and with the delivery of
new luxury hotel accommodation off the Sihanoukville coast. Meanwhile, besides
Phnom Penh’s burgeoning boutique hotel sector, some major luxury hotel openings
are on the horizon. Sohka is set to launch approximately 450 rooms onto the
market and Naga2 is set to deliver in excess of 1,000, increasing Phnom Penh
luxury hotel supply by 70%.
In Sihanoukville, Cambodia’s
pre-eminent luxury resort development Alila Villas Koh Russey is set to deliver
Cambodia’s first internationally branded island resort in close proximity to
Sihanoukville. This will build on the success of Song Saa Private Island,
launched in 2012. CBRE is also bullish about tourism in Cambodia due to airport
expansion plans in the coming years, which theoretically could double numbers. The
planned expansion of both Phnom Penh and Sihanoukville international airports
will support the growing number of international arrivals, with the capacity of
at both airports set to approximately double over the coming years. A doubling
of capacity would allow both airports to accommodate up to 5 million travelers
respectively per annum. No reason is seen not to expect further expansion of
the sector in the years ahead and it is predicted that tourism will make an
increasingly significant contribution to Cambodia’s continued GDP growth.
Source:
http://www.phnompenhpost.com/real-estate/new-report-sees-strong-tourism-growth
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