Friday, 30th October 2009
Source : HVS International
(Posted by CAAI News Media)
Luxury hotels in Cambodia have witnessed a double-digit drop in occupancy due to the global economic crisis.
Some hotels in the market have reported a decline of approximately 10% in occupancy rate in the 2009 autumn period compared to the same period in 2008.
In comparison, Siem Reap, Cambodia's main tourist destination, has suffered more than the capital city, Phnom Penh, as guests usually stay for a longer period in Phnom Penh.
Other than the financial crisis, the Influenza A(H1N1) outbreak and the Thailand border dispute have also affected the market.
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