Cambodia Expects 4.6-M Foreign Tourists In 2014

Posted by: : Paul EbelingPosted on: August 4, 2014 Cambodia Expects 4.6-M Foreign Tourists In 2014

Cambodia Expects 4.6-M Foreign Tourists In 2014

Cambodia is projected to receive 4.6-M international visitors this year, an expected rise of 10% from 4.2-M last year, Minister of Tourism Thong Khon said Sunday.

“In the 1st 6 months of this year, more than 2.2-M foreigners visited Cambodia, up 5.2% over the same period last year,” he said during a tourism-related conference. “Based on this figure, we expect that the nation will welcome about 4.6% foreign tourists in Y 2014.”

The minister said the Southeast Asian nation is expected to draw up to 8-M foreign visitors in Y 2020 with an estimated revenue of US$ 5-B.

He said China was a huge market for Cambodian tourism. Last year, the country received some 463,000 Chinese visitors, up 39% Y-Y.

“We project that around 800,000 Chinese will visit Cambodia in Y 2015 and nearly 2-M in Y 2020,” he said.

Tourism is 1 of the 4 major pillars supporting the Cambodian economy, accounting for an estimated 16% of the GDP.

Cambodia is famous for its 2 World Heritage sites: the 12th Century Angkor Wat Temple, and the 11th Century Preah Vihear Temple.

Cambodia has a pristine coastline, stretching over 450 km in 4 Southwestern provinces of Preah Sihanouk, Kampot, Kep and Koh Kong.

Stay tuned…

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Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.
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