With four years of growth in international arrivals, Phnom Penh’s hotel market is becoming a ripe opportunity for international developers looking to penetrate a new frontier, a report from Jones Lang LaSalle said.
A boat sails as the sun rises over a hotel building under construction in Phnom Penh. Jones Lang LaSalle says the Cambodian capital is a ripe market for international-standard hotel developers. (AFP photo)
With just 800,000 tourist arrivals last year, Cambodia's capital remains one of Asia's smallest hotel markets. However, Andrew Langdon, executive vice president of JLL Hotels and Hospitality Group, said that as Cambodia's political situation has improved, prospects for the capital's hotel market became positive this year.
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