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Cambodia Hotel & Accommodation Building Industry Analysis
The hotel industry in Cambodia has seen a number of developments in recent years, as the country has become increasingly popular as a tourist destination. According to data from the Cambodian Ministry of Tourism, the number of tourists visiting Cambodia has increased significantly in recent years, with over 6 million tourists visiting the country in 2019.
As a result of this increase in tourists, there has been a corresponding increase in demand for hotel accommodations. In response, a number of new hotel projects have been proposed or are currently under construction in Cambodia. These projects range in size and scope, from small, budget hotels to large, full-service resorts.
One notable hotel project currently under construction in Cambodia is the Rosewood Phnom Penh, a 5-star hotel located in the capital city of Phnom Penh. The hotel, which is set to open in 2024, will feature over 300 guest rooms, a restaurant, a bar, and a spa.
Another notable hotel project is the InterContinental Siem Reap, a 4-star hotel located in the popular tourist destination of Siem Reap. The hotel, which is set to open in 2022, will feature over 200 guest rooms, a restaurant, a bar, and a fitness center.
In addition to these new hotel projects, there are also a number of existing hotels in Cambodia that are undergoing renovations or expansions to meet the growing demand for accommodations. For example, the Sofitel Phnom Penh Phokeethra recently completed a major renovation, adding an additional 100 guest rooms to the property.
Overall, the hotel construction scenario in Cambodia is positive, with a number of new projects in the works and existing hotels expanding to meet the growing demand for accommodations. The industry outlook for the hotel industry in Cambodia is also positive, with continued growth expected in the coming years as more and more tourists visit the country.
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