As the government seeks to further plans to increase the number of Chinese visitors, a business delegation from Kunming in Yunnan province is now in Phnom Penh looking for opportunities in Cambodia’s tourism sector.
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According to the Ministry of Tourism, the delegation met with Tourism Minister Thong Khon last Thursday to discuss possible investment options in the country.
“It’s a wise decision to come and invest in Cambodia because the kingdom has a lot of potential as a tourist destination,” Mr Khon said. “We have peace and a favourable investment climate.”
In 2016, Cambodia received 830,000 Chinese visitors and by 2020 the government expects at least two million Chinese tourists, as outlined in its “China Ready” strategy.
By 2020, the workforce in the tourism industry is expected to reach one million people, according to government plans. In 2017, at least 620,000 jobs were created in the sector.
Ho Vandy, the secretary-general of the Cambodian National Tourism Alliance, said recently that through a collaboration between the government and the private sector based on hard work, a lot more investment has been brought into the industry, multiplying the number of services available to tourists, particularly those from China.
“The number of Chinese tourists will keep on growing thanks to this dedication,” Mr Vandy said. “Although Chinese tourists are the top market, Cambodia must consider and target other nationalities to ensure the sustainability of this sector.”
According to the World Tourism Organization, by 2020 there will be about 200 million Chinese tourists travelling around the world – 70 percent of them in Asia – spending about $420 billion.