Published on : Thursday, November 23, 2017
Cambodia’s real estate sector growth is expected to develop further through active efforts by the government to increase the number of Chinese tourists in the country. The second national forum on the “China Ready for Cambodia Tourism” policy initiative took place on October 31.
This white paper policy initiative aims to increase annual Chinese tourists visiting the kingdom. For that, the Ministry of Tourism has laid out the initial steps to facilitate Chinese tourism, including encouraging the use of the Yuan currency, customizing food and accommodation choices and providing Chinese signage and documents for visa processing.
Cambodia tourism minister Thong Khon said that the country’s aim is to attract two million Chinese tourists by 2020.
Cambodia has welcomed 3.5 million foreign tourists in the first eight months of 2017, up 11.8 percent from the previous year, of which 742,586 were Chinese tourists.
The policy will extend beyond workers in the construction sector, creating more job opportunities in the hospitality industry, especially, a demand for skilled Chinese speakers in hotels and resorts. Among the main reason Chinese tourists flock to Cambodia is due to the positive relationship between the two nations in many fields such as diplomacy, trade and investment. Over the last five years, China has invested heavily in Cambodia’s real estate sector – particularly in Sihanoukville. China is dominating the real estate sector in the province, demonstrated by major developments such as Blue Bay Condominium and The SeaGate Suite, which are in progress.
Another important factor attracting Chinese tourists is the low cost of living in Cambodia.