Angkor Wat, temples earning more revenue

Sok Chan / Khmer Times No Comments Share:
Tourists at the Angkor Archaeological Park. KT/Valinda Aim

Following a spike in Angkor Archaeological Park ticket prices, the government has seen a steep rise in revenue from the park in the first half of the year compared with the same period in 2016.

For in depth analysis of Cambodian Business, visit Capital Cambodia
.

The government announced in August 2016 that the price of a one-day ticket to the park would increase from $20 to $37, a three-day pass would rise from $40 to $60 and a week-long pass would be bumped up from $60 to $72.

In the first half of 2017, revenue totals reached $52.1 million, a 67-percent rise compared with the first six months of 2016. Tourist arrivals to the park also rose by 13 percent, according to a recent report released by Angkor Enterprise.

Thourn Sinan, chairman of the Pacific Area Travel Association Cambodia Chapter, said the government took full control of revenue streams from the park in January 2016, ending an agreement with Sokimex Group.

“Now the government has managed the income better,” he said, noting the increase to ticket prices was a way for the government to pad its coffers.

Mr Sinan said he hoped the rise in revenue was being put toward worthwhile projects by the government.

The Angkor Enterprise report also noted that nearly $6 million has gone into the national budget this year thus far, and that $281,520 was donated to the Kantha Bopha Children’s Hospitals.

Last year, Angkor Wat ticket sales generated $62.5 million, a 4.21 percent increase on a year earlier, while the number of foreign visitors rose 4.63 percent to 2.19 million.

Share and Like this post

Related Posts

Previous Article

More travellers arriving in Kingdom

Next Article

Australia’s central bank in sweet spot