Cambodia Is Recovering, But Still Struggling
Skift Take
- STR reported China hotel RevPAR for the week ended 8/20 was up 89.7% year over year, up against an easy -43.4%.
- Cambodia’s Ministry of Tourism said that while tourism is recovering, almost 50% of businesses in Cambodia’s main tourism hub of Siem Reap are still closed.
- In India, mid-sized hotel brands have embarked on aggressive plans and are signing up hotels at a record pace, encouraged by a major turnaround in performance across the country.
STR reported China hotel RevPAR for the week ended August 20 was up 89.7% year over year, up against an easy -43.4%. When going against the week in 2019, China hotel RevPAR was down -21.5%. Absolute occupancy for the week was 64.6%, compared with only 38.1% in the year ago week.
Cambodia’s Ministry of Tourism said that while tourism is recovering, almost 50% of businesses in Cambodia’s main tourism hub of Siem Reap are still closed. As of July 31, 2022, of the total 739 hotels and accommodation services in Cambodia, only 520 are open, 190 have been suspended and 29 have been closed. Of the 2,529 restaurants, more than 2,000 are open and 363 locations continued to be suspended and closed. 46% of tourism businesses in Siem Reap, including hotels, guesthouses, and restaurants are still closed. The Tourism Ministry said there are currently about 5,000 international tourists visiting Cambodia with about 700 or 800 per day in Siem Reap.
In India,
