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Asia-Pacific

Cambodia Says It Will Hit Pre-Pandemic Levels in 2026

Alan Woinski
October 3rd, 2022 at 7:03 AM EDT

Skift Take

  • The number of international tourists to Cambodia is expected to reach the pre-Covid-19 pandemic level in 2026.
  • Indian Hotels and other hospitality firms in India have said they are eyeing price rate hikes. IHCL recently went back on that, saying the price hikes will have to wait until November.
  • Hyatt Hotels Corp announced the opening of Hyatt Centric Sector 17 Chandigarh, marking the debut of the Hyatt Centric brand there.

The number of international tourists to Cambodia is expected to reach the pre-Covid-19 pandemic level in 2026. A senior official there said Cambodia’s tourism sector has significantly recovered and is forecast to attract about 7 million international tourists in 2026 or 2027 and up to 7.5 million in 2028. The Ministry of Tourism’s Secretary of State said during the first eight months of 2022, the kingdom received almost 1 million international visitors, up 720% year on year. They are hoping for 1.5 million to 2 million international tourists for the full year. The kingdom currently has 724 hotels, 2,122 guesthouses, 2,581 restaurants, 380 massage parlors, and 616 travel agencies.

Indian Hotels and other hospitality firms in India have said they are eyeing price rate hikes. IHCL recently went back on that, saying the price hikes will have to wait until November. IHCL’s CEO believes they need to wait to see if the 3rd quarter momentum is going to carry into the Festive Season and raise rates going into the final two months of the year. They are confident that as long as demand continues to outpace supply, hotels will continue to have strong pricing power, particularly in major metros.

Hyatt Hotels Corp announced the opening of Hyatt Centric Sector 17 Chandigarh, marking the debut of the Hyatt Centric brand there. Hyatt said they are introducing the Hyatt Centric brand to Punjab and Haryana with the opening of this hotel. The hotel is situated in the city’s commercial and shopping district. It has 144 guest rooms with modern and contemporary décor. There are 138 guest rooms and six suites in the hotel.

Marriott International announced it signed an agreement with Suzhou Jingyuan Hotel Management Co Ltd to bring the AC Hotels by Marriott brand to Greater China. Expected to open in December 2022, the 135 room AC Hotels by Marriott Suzhou will sit at the heart of Suzhou. The hotel will include a mix of dining options including the brand’s signature AC Kitchen and AC Lounge & Bar. The hotel will also feature flexible spaces, including an AC Store, 24 hour fitness center, a meeting room and a laundry room. Marriott International currently operates 15 hotels across eight brands in Suzhou.

Gamuda Land said it is expanding its international markets, launching their first UK and second Australian properties. They include the West Hampstead Central and The Canopy at Four Seasons Hotel. The two development projects will be the stepping stones of the Malaysian company. West Hampstead Central is located in between many of London’s top attractions and neighborhoods, developed in both English heritage and contemporary design. The Canopy on Normanby is located approximately 1.2km from Melbourne Central Business District.

Residential developer Keylin and hotel provider Accor have decided to split and go their separate ways after facing construction challenges on what was to be their conjoined-tower project in Brisbane’s inner city. It was November of last year when the two parties announced the developer’s luxury art-deco styled apartment tower “Oria” in Spring Hill would be complemented by the city’s first Movenpick Hotel, which would overlook Victoria Park. The original design for a shared pool deck, gym and carpark facilities, proved increasingly difficult to deliver over the past six months. The parties said it was a mutual decision to uncouple the tower and allow the residential developer to focus on its core business. Accor and Keylin will still partner to deliver the first Movenpick in the River City, with the duo looking for a site within 2km of the original location, likely to be in Fortitude Valley, the CBD or Spring Hill. The 96 room Movenpick Hotel Brisbane Spring Hill was slated to open in 2024 and offer a restaurant and conference room alongside the brand’s assortment of signature offerings.

One of the first and biggest hotels to become a managed isolation facility in Auckland is ready to re-open its doors. The Jet Park Hotel is opening following two years of being a property for people to isolate after being exposed to Covid. The hotel was in the process of being refurbished when Covid hit and now unveiled many of those things. There is new bar furniture, the rooms are fully refurbished with brand new beds, linens and mini-bars. The 221 bedroom hotel began the actual refurbishment two months ago.

Cross Hotels & Resorts said they are continuing to enhance its presence in Bangkok with the signing of a new hotel management agreement for a riverfront property with Kene Hotel Bangkok Co. Ltd. The Away Bangkok Riverside Kene is a 169 key lifestyle property located steps away from the Chao Phraya River. This is the ninth addition to the Cross family of hotels and resorts in 2022. The hotel includes a centerpiece indoor swimming pool, four restaurants and bars, and a unique social and business venue.

Central Pattana and Centara Hotels & Resorts announced the grand opening of Centara Korat Hotel, an all in one leisure and lifestyle destination in the heart of the Northeast. Centara Korat has 217 rooms and suites, a contemporary rooftop pool, bar and Sky Garden, fitness center, signature restaurants and a wide range of meeting facilities.

DoubleDragon Corp’s subsidiaries, DDPC Worldwide Pte Ltd. and Hotel 101 Worldwide Pte Ltd., executed the full payment for the acquisition of a 9,000 square meter land site for its first international Hotel 101 development located in Hokkaido Prefecture, Japan. The Hotel 101-Niseko is expected to have 518 rooms with the hotel catering to the mid-end market. The properties will be marketed and sold as hybrid condotels with pre-selling sales revenue expected to be US$137.3 million.

Dusit International said they are expanding their brand of hospitality in the Middle East with the opening of Dusit Hotel and Suites – Doha, the third Dusit-branded hotel in Qatar, owned by Al Majed Group Holding. The hotel opened on October 1. The 50 story property includes 192 luxury serviced apartments in Doha’s West Bay district. The property includes three bedroom duplex penthouses spanning two floors and offering between 338 and 370 square meter of space. The largest accommodation covers 1,104 square meters, including six spacious bedrooms. The hotel is home to six restaurants, the Namm Spa, a fitness center and indoor and outdoor swimming pools.

Alan Woinski
October 3rd, 2022 at 7:03 AM EDT

Companies: AC Hotels by Marriott, Al Majed Group Holding, Away, Cross Hotels & Resorts, DoubleDragon Corp., Dusit International, Gamuda Land, Hotel 101, Hyatt Centric, Hyatt Hotels Corporation, Marriott International, The Indian Hotels Company Ltd

Locations: Auckland, Bangkok, Brisbane, Cambodia, China, Doha, India, Suzhou

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