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Siem Reap’s Tourism Industry: A Bright Future with New Airport and Diverse Offerings

Category: Hotels|Real estate|Tourism, Posted:14 Aug 2023 | 11:19 am

Siem Reap, known for the iconic Angkor Wat, is poised for a strong resurgence with the upcoming inauguration of the Siem-Reap – Angkok International Airport on October 16, 2023. While the pandemic temporarily impacted this heritage tourism hub, recent developments indicate a remarkable recovery. According to the newly released  C9 Hotelworks Horwath HTL Hotel and Branded Residences Report 2023, the destination saw a significant decline in visitors due to travel restrictions and health concerns, but with restrictions easing, the tide is turning.

In 2022, Siem Reap welcomed a staggering 602% increase in visitors compared to 2021, reaching a total of 2.69 million tourists, with international tourism expenditure surpassing domestic spending. The resurgence brought the industry back to over half of its 2019 performance. A notable shift in the tourist demographic occurred, with the United States, South Korea, United Kingdom, and France becoming key players in the absence of the once-dominant Chinese market.

The future looks promising, with the new airport expanding annual passenger capacity to 7 million and a comprehensive government strategy focusing on six tourism zones and diverse offerings like MICE tourism, agro-tourism, sports tourism, health tourism, green tourism, as well as cultural, heritage, and religious tourism products. This comprehensive approach sets the stage for a positive and vibrant long-term outlook for Siem Reap’s tourism industry.

To Download and read the full C9 Hotelworks Horwath HTL Hotel and Branded Residences Report 2023 CLICK

You may also be interested in the C9 Hotelworks Horwath HTL Bali Hotel and Branded Residences Report CLICK

 

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